Oceaneering International Inc. (OII) Shares Sold by Eagle Asset Management Inc.
Eagle Asset Management Inc. reduced its stake in shares of Oceaneering International Inc. (NYSE:OII) by 0.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 736,501 shares of the company’s stock after selling 2,388 shares during the period. Eagle Asset Management Inc.’s holdings in Oceaneering International were worth $20,261,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Emerald Acquisition Ltd. purchased a new position in Oceaneering International during the second quarter valued at $31,949,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Oceaneering International during the second quarter valued at $31,000,000. Atlanta Capital Management Co. L L C boosted its position in Oceaneering International by 59.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 2,090,649 shares of the company’s stock valued at $62,427,000 after buying an additional 778,030 shares during the last quarter. PGGM Investments boosted its position in 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 last quarter. Finally, Boston Advisors LLC purchased a new position in Oceaneering International during the second quarter valued at $14,382,000. 99.92% of the stock is currently owned by institutional investors.
Shares of Oceaneering International Inc. (NYSE:OII) traded down 1.58% on Tuesday, hitting $24.85. 278,565 shares of the stock were exchanged. The company has a 50-day moving average price of $25.50 and a 200-day moving average price of $28.21. The firm has a market capitalization of $2.44 billion, a PE ratio of 38.95 and a beta of 1.56. Oceaneering International Inc. has a one year low of $22.47 and a one year high of $44.10.
Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. Oceaneering International had a net margin of 2.52% and a return on equity of 8.17%. The firm had revenue of $549 million for the quarter, compared to analyst estimates of $344 million. During the same period in the previous year, the business earned $0.70 EPS. The company’s revenue was down 26.1% compared to the same quarter last year. Equities research analysts expect that Oceaneering International Inc. will post $0.74 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, November 25th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 2.38%. Oceaneering International’s payout ratio is currently 92.31%.
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OII has been the topic of several research analyst reports. Citigroup Inc. initiated coverage on shares of Oceaneering International in a research report on Tuesday, September 27th. They set a “neutral” rating and a $27.00 price objective on the stock. Loop Capital initiated coverage on shares of Oceaneering International in a research report on Friday, September 30th. They set a “buy” rating on the stock. Seaport Global Securities reiterated an “accumulate” rating on shares of Oceaneering International in a research report on Friday, August 19th. Zacks Investment Research cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a report on Wednesday, October 19th. Finally, Royal Bank Of Canada lowered their price target on shares of Oceaneering International from $32.00 to $28.00 and set a “sector perform” rating on the stock in a report on Thursday, September 15th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Oceaneering International has a consensus rating of “Hold” and an average target price of $33.97.
In other Oceaneering International news, SVP John R. Kreider sold 3,501 shares of Oceaneering International 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 directly owns 34,616 shares in the company, valued at approximately $821,783.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by company 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).
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