Nationwide Fund Advisors raised its position in Oceaneering International, Inc. (NYSE:OII) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,589 shares of the oil and gas company’s stock after acquiring an additional 5,141 shares during the quarter. Nationwide Fund Advisors owned approximately 0.19% of Oceaneering International worth $4,170,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pacad Investment Ltd. boosted its stake 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 buying an additional 3,700 shares during the period. Westpac Banking Corp purchased a new stake in Oceaneering International during the first quarter worth approximately $144,000. LS Investment Advisors LLC lifted its stake in Oceaneering International by 18.4% during the second quarter. LS Investment Advisors LLC now owns 7,650 shares of the oil and gas company’s stock worth $175,000 after purchasing an additional 1,188 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Oceaneering International by 4.0% during the first quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock worth $211,000 after purchasing an additional 300 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Oceaneering International by 7.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,814 shares of the oil and gas company’s stock worth $212,000 after purchasing an additional 560 shares during the last quarter. 99.68% of the stock is owned by institutional investors.
Oceaneering International, Inc. (NYSE:OII) opened at 25.47 on Tuesday. The stock’s market capitalization is $2.50 billion. Oceaneering International, Inc. has a 52-week low of $20.74 and a 52-week high of $32.12. The company’s 50-day moving average price is $25.14 and its 200 day moving average price is $24.90.
Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. The firm had revenue of $515.04 million for the quarter, compared to the consensus estimate of $481.86 million. During the same quarter in the prior year, the business earned $0.23 EPS. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. On average, equities research analysts anticipate that Oceaneering International, Inc. will post ($0.03) earnings per share for the current year.
Several research analysts have commented on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 price target on shares of Oceaneering International in a research report on Monday, June 19th. Morgan Stanley lowered Oceaneering International from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $33.00 to $28.00 in a research report on Wednesday, June 21st. Seaport Global Securities lowered Oceaneering International from a “neutral” rating to a “sell” rating and dropped their target price for the company from $24.00 to $19.00 in a report on Wednesday, June 21st. BidaskClub lowered Oceaneering International from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Finally, Zacks Investment Research lowered Oceaneering International from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Oceaneering International has an average rating of “Hold” and an average price target of $28.75.
In other Oceaneering International news, VP W Cardon Gerner sold 2,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $25.76, for a total transaction of $51,520.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by corporate insiders.
Oceaneering International Company 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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