Oceaneering International, Inc. (OII) Receives “Hold” Rating from Jefferies Group LLC

Jefferies Group LLC reiterated their hold rating on shares of Oceaneering International, Inc. (NYSE:OII) in a research report report published on Monday morning, MarketBeat Ratings reports. The firm currently has a $25.00 price objective on the oil and gas company’s stock.

A number of other research firms have also commented on OII. Zacks Investment Research lowered shares of Oceaneering International from a hold rating to a sell rating in a research report on Thursday, April 13th. Scotiabank reissued a buy rating and issued a $37.00 price target on shares of Oceaneering International in a research report on Friday, April 28th. Royal Bank Of Canada reissued a sell rating and issued a $30.00 price target on shares of Oceaneering International in a research report on Friday, April 21st. Tudor Pickering began coverage on shares of Oceaneering International in a research report on Thursday, March 23rd. They issued a hold rating on the stock. Finally, Wolfe Research lowered shares of Oceaneering International from a market perform rating to an underperform rating in a research report on Tuesday, June 6th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $29.67.

Analyst Recommendations for Oceaneering International (NYSE:OII)

Shares of Oceaneering International (OII) traded down 5.67% on Monday, hitting $23.61. 311,341 shares of the stock traded hands. The stock has a 50-day moving average price of $25.53 and a 200 day moving average price of $27.09. The stock’s market cap is $2.32 billion. Oceaneering International has a 12-month low of $22.47 and a 12-month high of $32.30.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, April 26th. The oil and gas company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. Oceaneering International had a negative net margin of 0.38% and a positive return on equity of 2.72%. The company had revenue of $446.18 million for the quarter, compared to analyst estimates of $459.57 million. During the same quarter last year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was down 26.7% compared to the same quarter last year. On average, analysts anticipate that Oceaneering International will post ($0.11) earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 26th were paid a $0.15 dividend. The ex-dividend date was Wednesday, May 24th. This represents a $0.60 annualized dividend and a dividend yield of 2.40%. Oceaneering International’s payout ratio is -750.00%.

In other news, Director Paul B. Murphy, Jr. sold 4,000 shares of the firm’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $24.68, for a total value of $98,720.00. Following the sale, the director now owns 18,901 shares in the company, valued at $466,476.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.91% of the company’s stock.

Large investors have recently made changes to their positions in the company. Comerica Bank increased its stake in shares of Oceaneering International by 154.0% in the fourth quarter. Comerica Bank now owns 189,906 shares of the oil and gas company’s stock valued at $5,262,000 after buying an additional 115,149 shares during the last quarter. State Street Corp increased its stake in shares of Oceaneering International by 1.1% in the fourth quarter. State Street Corp now owns 2,973,754 shares of the oil and gas company’s stock valued at $83,884,000 after buying an additional 31,112 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Oceaneering International during the fourth quarter valued at about $205,000. Dimensional Fund Advisors LP increased its stake in shares of Oceaneering International by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,571,814 shares of the oil and gas company’s stock valued at $44,341,000 after buying an additional 49,223 shares during the last quarter. Finally, Federated Investors Inc. PA increased its stake in shares of Oceaneering International by 64.8% in the fourth quarter. Federated Investors Inc. PA now owns 527,820 shares of the oil and gas company’s stock valued at $14,890,000 after buying an additional 207,619 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

About Oceaneering International

Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “OII”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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