Legal & General Group Plc grew its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 10.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,910 shares of the oil and gas company’s stock after buying an additional 12,414 shares during the quarter. Legal & General Group Plc owned 0.13% of Oceaneering International worth $2,922,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in shares of Oceaneering International by 10,555.3% during the 1st quarter. BlackRock Inc. now owns 8,513,376 shares of the oil and gas company’s stock valued at $230,542,000 after buying an additional 8,433,478 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Oceaneering International by 91.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,015,114 shares of the oil and gas company’s stock valued at $81,648,000 after buying an additional 1,443,300 shares in the last quarter. State Street Corp raised its position in shares of Oceaneering International by 0.7% during the 1st quarter. State Street Corp now owns 2,995,000 shares of the oil and gas company’s stock valued at $81,101,000 after buying an additional 21,246 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Oceaneering International by 34.6% during the 1st quarter. Bank of New York Mellon Corp now owns 2,199,714 shares of the oil and gas company’s stock valued at $59,569,000 after buying an additional 565,334 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Oceaneering International by 16.0% during the 1st quarter. AQR Capital Management LLC now owns 1,758,624 shares of the oil and gas company’s stock valued at $47,624,000 after buying an additional 242,499 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Oceaneering International, Inc. (OII) opened at 25.96 on Tuesday. The firm has a 50-day moving average of $23.95 and a 200-day moving average of $24.93. Oceaneering International, Inc. has a 52 week low of $20.74 and a 52 week high of $32.12. The company’s market capitalization is $2.55 billion.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. Oceaneering International had a negative net margin of 1.41% and a positive return on equity of 1.14%. The company had revenue of $515.04 million for the quarter, compared to the consensus estimate of $481.86 million. During the same period in the previous year, the firm earned $0.23 earnings per share. Oceaneering International’s quarterly revenue was down 17.7% compared to the same quarter last year. Analysts anticipate that Oceaneering International, Inc. will post ($0.04) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Wednesday, August 23rd. Oceaneering International’s dividend payout ratio (DPR) is presently -206.90%.

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Several brokerages have recently issued reports on OII. Cowen and Company restated a “hold” rating and set a $25.00 target price on shares of Oceaneering International in a research report on Tuesday, July 11th. Zacks Investment Research cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Scotiabank set a $37.00 target price on shares of Oceaneering International and gave the company a “buy” rating in a research report on Tuesday, June 13th. Piper Jaffray Companies set a $26.00 target price on shares of Oceaneering International and gave the company a “buy” rating in a research report on Sunday, July 30th. Finally, BidaskClub cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Oceaneering International has a consensus rating of “Hold” and a consensus target price of $28.55.

Oceaneering International Profile

Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).

Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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