Vanguard Group Inc. Has $227,625,000 Stake in Oceaneering International Inc. (OII)
Vanguard Group Inc. increased its position in Oceaneering International Inc. (NYSE:OII) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,623,063 shares of the company’s stock after buying an additional 310 shares during the period. Vanguard Group Inc. owned approximately 7.77% of Oceaneering International worth $227,625,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in OII. Geode Capital Management LLC boosted its position in Oceaneering International by 9.3% in the first quarter. Geode Capital Management LLC now owns 908,355 shares of the company’s stock worth $30,183,000 after buying an additional 77,184 shares in the last quarter. Riverhead Capital Management LLC boosted its position in Oceaneering International by 40.7% in the first quarter. Riverhead Capital Management LLC now owns 120,805 shares of the company’s stock worth $4,016,000 after buying an additional 34,953 shares in the last quarter. UBS Group AG boosted its position in Oceaneering International by 38.3% in the first quarter. UBS Group AG now owns 99,808 shares of the company’s stock worth $3,318,000 after buying an additional 27,622 shares in the last quarter. State Street Corp boosted its position in Oceaneering International by 4.1% in the first quarter. State Street Corp now owns 3,786,218 shares of the company’s stock worth $125,861,000 after buying an additional 150,745 shares in the last quarter. Finally, Zebra Capital Management LLC bought a new position in Oceaneering International during the first quarter worth $769,000. Hedge funds and other institutional investors own 97.80% of the company’s stock.
Oceaneering International Inc. (NYSE:OII) opened at 27.44 on Friday. The company has a market cap of $2.69 billion, a PE ratio of 18.83 and a beta of 1.57. Oceaneering International Inc. has a 52 week low of $24.33 and a 52 week high of $47.45. The company’s 50-day moving average price is $26.39 and its 200 day moving average price is $30.04.
Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. Oceaneering International had a return on equity of 11.41% and a net margin of 5.31%. The firm earned $625.50 million during the quarter, compared to the consensus estimate of $604.16 million. On average, analysts anticipate that Oceaneering International Inc. will post $0.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 26th were given a $0.27 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.94%. Oceaneering International’s dividend payout ratio is currently 73.47%.
A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Oceaneering International in a report on Wednesday, June 22nd. They issued an “underweight” rating and a $23.00 price target for the company. Stephens reaffirmed a “top pick” rating on shares of Oceaneering International in a research report on Friday, July 15th. Zacks Investment Research lowered Oceaneering International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Oceaneering International in a research report on Tuesday, July 5th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $31.00 target price (up from $29.00) on shares of Oceaneering International in a research report on Monday, July 11th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $35.13.
About Oceaneering International
Oceaneering International, Inc is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Company’s business segments include services and products provided to the oil and gas industry (Oilfield), and all other services and products (Advanced Technologies).
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