Capstone Asset Management Co. cut its position in Oceaneering International (NYSE:OII) by 93.1% during the third quarter, Holdings Channel reports. The firm owned 8,087 shares of the company’s stock after selling 109,485 shares during the period. Capstone Asset Management Co.’s holdings in Oceaneering International were worth $222,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its position in Oceaneering International by 77.3% in the second quarter. Acrospire Investment Management LLC now owns 3,900 shares of the company’s stock worth $116,000 after buying an additional 1,700 shares during the period. Point72 Asia Hong Kong Ltd bought a new position in Oceaneering International during the second quarter worth approximately $173,000. Creative Planning boosted its position in Oceaneering International by 328.9% in the third quarter. Creative Planning now owns 6,189 shares of the company’s stock worth $170,000 after buying an additional 4,746 shares during the period. Pacer Advisors Inc. bought a new position in Oceaneering International during the second quarter worth approximately $206,000. Finally, GSA Capital Partners LLP boosted its position in Oceaneering International by 11.1% in the second quarter. GSA Capital Partners LLP now owns 6,966 shares of the company’s stock worth $208,000 after buying an additional 698 shares during the period. 97.80% of the stock is owned by hedge funds and other institutional investors.
Oceaneering International (NYSE:OII) traded down 1.67% during trading on Wednesday, reaching $27.61. 1,285,020 shares of the company’s stock were exchanged. Oceaneering International has a 12 month low of $24.33 and a 12 month high of $47.99. The stock has a market cap of $2.71 billion, a PE ratio of 18.95 and a beta of 1.57. The firm has a 50 day moving average of $26.38 and a 200-day moving average of $30.11.
Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Oceaneering International had a net margin of 5.31% and a return on equity of 11.41%. The company earned $625.50 million during the quarter, compared to the consensus estimate of $604.16 million. On average, equities research analysts anticipate that Oceaneering International 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 $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.08 annualized dividend and a yield of 3.91%. Oceaneering International’s payout ratio is currently 73.47%.
A number of research analysts have recently commented on the stock. RBC Capital Markets set a $28.00 target price on shares of Oceaneering International and gave the stock a “hold” rating in a report on Thursday, September 15th. Evercore ISI lowered shares of Oceaneering International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $36.00 to $28.00 in a report on Wednesday, June 29th. Zacks Investment Research lowered shares of Oceaneering International from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Royal Bank Of Canada dropped their price objective on shares of Oceaneering International from $32.00 to $28.00 and set a “sector perform” rating for the company in a report on Thursday, September 15th. Finally, Stephens reiterated a “top pick” rating on shares of Oceaneering International in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Oceaneering International 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).
Want to see what other hedge funds are holding OII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oceaneering International (NYSE:OII).
Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter.