Dimensional Fund Advisors LP Has $129.69 Million Holdings in Oceaneering International, Inc. (OII)
Dimensional Fund Advisors LP grew its position in shares of Oceaneering International, Inc. (NYSE:OII) by 17.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,936,686 shares of the oil and gas company’s stock after buying an additional 731,348 shares during the quarter. Dimensional Fund Advisors LP owned 5.02% of Oceaneering International worth $129,688,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in OII. Quantbot Technologies LP purchased a new position in shares of Oceaneering International in the 3rd quarter valued at about $103,000. Meeder Asset Management Inc. increased its holdings in shares of Oceaneering International by 121.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,229 shares of the oil and gas company’s stock valued at $138,000 after purchasing an additional 2,865 shares in the last quarter. Pacad Investment Ltd. increased its holdings in shares of Oceaneering International by 231.3% in the 2nd quarter. Pacad Investment Ltd. now owns 5,300 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 3,700 shares in the last quarter. World Asset Management Inc purchased a new position in shares of Oceaneering International in the 3rd quarter valued at about $201,000. Finally, Boys Arnold & Co. Inc. purchased a new position in shares of Oceaneering International in the 3rd quarter valued at about $210,000. Institutional investors own 99.71% of the company’s stock.
In related news, Director Paul B. Murphy, Jr. sold 2,000 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $26.34, for a total value of $52,680.00. Following the sale, the director now directly owns 16,600 shares of the company’s stock, valued at approximately $437,244. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently issued reports on OII shares. Scotiabank set a $37.00 price target on shares of Oceaneering International and gave the company a “buy” rating in a report on Friday, October 27th. Royal Bank of Canada reiterated a “buy” rating and issued a $27.00 price target on shares of Oceaneering International in a report on Monday, October 30th. Tudor Pickering upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Barclays started coverage on shares of Oceaneering International in a report on Friday, October 6th. They issued an “equal weight” rating and a $28.00 price target for the company. Finally, Capital One Financial downgraded shares of Oceaneering International from an “overweight” rating to an “equal weight” rating in a report on Thursday, November 16th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $24.03.
Shares of Oceaneering International, Inc. (OII) opened at $18.42 on Friday. The company has a market cap of $1,810.30, a PE ratio of 614.00 and a beta of 1.63. Oceaneering International, Inc. has a 12 month low of $17.11 and a 12 month high of $31.63. The company has a quick ratio of 2.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.53.
Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The business had revenue of $476.12 million during the quarter, compared to analyst estimates of $511.14 million. Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. Oceaneering International’s revenue was down 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. equities analysts anticipate that Oceaneering International, Inc. will post -0.09 earnings per share for the current year.
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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).
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