The Capital Fund Management S.A. Invests $537,000 in Oceaneering International (OII)

The Capital Fund Management S.A. Invests $537,000 in Oceaneering International (OII)

Capital Fund Management S.A. acquired a new position in shares of Oceaneering International (NYSE:OII) during the second quarter, Holdings Channel reports. The fund acquired 17,977 shares of the company’s stock, valued at approximately $537,000.

A number of other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of 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 shares of 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 shares of 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 shares of 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 purchased a new position in shares of Oceaneering International during the first quarter worth $769,000. 97.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Oceaneering International (NYSE:OII) traded down 1.67% on Wednesday, reaching $27.61. 1,285,006 shares of the company were exchanged. Oceaneering International has a 12-month low of $24.33 and a 12-month high of $47.99. The firm has a market capitalization of $2.71 billion, a PE ratio of 18.95 and a beta of 1.57. The company’s 50 day moving average is $26.38 and its 200 day moving average is $30.11.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. Oceaneering International had a net margin of 5.31% and a return on equity of 11.41%. The business earned $625.50 million during the quarter, compared to the consensus estimate of $604.16 million. Analysts forecast that Oceaneering International will post $0.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 26th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Wednesday, August 24th. Oceaneering International’s dividend payout ratio (DPR) is 73.47%.

A number of equities analysts have recently weighed in on OII shares. Evercore ISI cut shares of Oceaneering International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $36.00 to $28.00 in a research report on Wednesday, June 29th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Oceaneering International in a research report on Tuesday, July 5th. Jefferies Group reaffirmed a “hold” rating and issued a $31.00 price objective (up from $29.00) on shares of Oceaneering International in a research report on Monday, July 11th. Zacks Investment Research raised shares of Oceaneering International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Finally, Citigroup Inc. started coverage on shares of Oceaneering International in a research report on Tuesday, September 27th. They issued a “neutral” rating and a $27.00 price objective on the stock. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $35.13.

Oceaneering International Company Profile

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).

Related posts

Leave a Comment