Fisher Asset Management LLC boosted its stake in shares of Oceaneering International Inc. (NYSE:OII) by 1.2% during the third quarter, Holdings Channel reports. The firm owned 698,733 shares of the company’s stock after buying an additional 8,110 shares during the period. Fisher Asset Management LLC’s holdings in Oceaneering International were worth $19,222,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Boston Advisors LLC purchased a new stake in shares of Oceaneering International during the second quarter valued at approximately $14,382,000. PGGM Investments increased its stake in shares of Oceaneering International by 91.9% in the second quarter. PGGM Investments now owns 1,021,218 shares of the company’s stock valued at $30,494,000 after buying an additional 489,176 shares during the period. Sprucegrove Investment Management Ltd. increased its stake in shares of Oceaneering International by 22.1% in the second quarter. Sprucegrove Investment Management Ltd. now owns 754,100 shares of the company’s stock valued at $22,517,000 after buying an additional 136,600 shares during the period. Mason Street Advisors LLC purchased a new stake in shares of Oceaneering International during the second quarter valued at approximately $1,335,000. Finally, Retirement Systems of Alabama increased its stake in shares of Oceaneering International by 30.6% in the second quarter. Retirement Systems of Alabama now owns 371,668 shares of the company’s stock valued at $11,098,000 after buying an additional 87,019 shares during the period. Institutional investors and hedge funds own 94.11% of the company’s stock.
Oceaneering International Inc. (NYSE:OII) traded down 0.65% during mid-day trading on Friday, reaching $25.81. 690,147 shares of the company’s stock traded hands. Oceaneering International Inc. has a 1-year low of $22.47 and a 1-year high of $44.39. The firm has a market cap of $2.53 billion, a PE ratio of 40.45 and a beta of 1.56. The firm has a 50 day moving average of $25.57 and a 200 day moving average of $28.33.
Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The business had revenue of $549 million for the quarter, compared to analyst estimates of $344 million. Oceaneering International had a net margin of 2.52% and a return on equity of 8.17%. The firm’s revenue for the quarter was down 26.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Analysts forecast that Oceaneering International Inc. will post $0.74 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, November 25th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, November 22nd. Oceaneering International’s dividend payout ratio is presently 92.31%.
Several equities research analysts recently commented on OII shares. Seaport Global Securities restated an “accumulate” rating on shares of Oceaneering International in a research report on Friday, August 19th. Royal Bank Of Canada cut their target price on shares of Oceaneering International from $32.00 to $28.00 and set a “sector perform” rating for the company in a research report on Thursday, September 15th. Loop Capital began coverage on shares of Oceaneering International in a research report on Friday, September 30th. They issued a “buy” rating for the company. RBC Capital Markets set a $28.00 target price on shares of Oceaneering International and gave the stock a “hold” rating in a research report on Thursday, September 15th. Finally, Zacks Investment Research downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 19th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.97.
In other news, SVP John R. Kreider sold 3,501 shares of the business’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $23.74, for a total value of $83,113.74. Following the sale, the senior vice president now owns 34,616 shares of the company’s stock, valued at $821,783.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by insiders.
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).