UBS Asset Management Americas Inc. decreased its stake in shares of Oceaneering International Inc. (NYSE:OII) by 55.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,398 shares of the company’s stock after selling 122,212 shares during the period. UBS Asset Management Americas Inc. owned about 0.10% of Oceaneering International worth $2,908,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in OII. Norges Bank acquired a new stake in shares of Oceaneering International during the fourth quarter valued at $41,620,000. Virginia Retirement System purchased a new stake in Oceaneering International during the first quarter worth approximately $1,186,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Oceaneering International during the first quarter worth approximately $565,000. Teachers Advisors Inc. increased its stake in Oceaneering International by 11.7% in the first quarter. Teachers Advisors Inc. now owns 404,998 shares of the company’s stock worth $13,462,000 after buying an additional 42,523 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Oceaneering International by 5.1% in the first quarter. Franklin Resources Inc. now owns 338,420 shares of the company’s stock worth $11,249,000 after buying an additional 16,400 shares in the last quarter. 97.80% of the stock is currently owned by hedge funds and other institutional investors.
Oceaneering International Inc. (NYSE:OII) traded up 3.780% during midday trading on Wednesday, reaching $27.865. The company had a trading volume of 376,324 shares. The stock’s 50 day moving average is $26.50 and its 200 day moving average is $30.29. The company has a market capitalization of $2.73 billion, a PE ratio of 19.125 and a beta of 1.57. Oceaneering International Inc. has a one year low of $24.33 and a one year high of $48.11.
Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The company had revenue of $625.50 million for the quarter, compared to analyst estimates of $604.16 million. Oceaneering International had a return on equity of 11.41% and a net margin of 5.31%. Equities research analysts forecast that Oceaneering International Inc. will post $0.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 26th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.08 annualized dividend and a yield of 4.02%. Oceaneering International’s dividend payout ratio (DPR) is presently 73.47%.
A number of research firms have recently commented on OII. JPMorgan Chase & Co. began coverage on Oceaneering International in a research note on Wednesday, June 22nd. They issued an “underweight” rating and a $23.00 price objective on the stock. Stephens reissued a “top pick” rating on shares of Oceaneering International in a research note on Friday, July 15th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Oceaneering International in a research note on Tuesday, July 5th. Zacks Investment Research downgraded Oceaneering International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Finally, Jefferies Group reissued a “hold” rating and issued a $31.00 price objective (up previously from $29.00) on shares of Oceaneering International in a research note on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average 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).