Nisa Investment Advisors LLC continued to hold its stake in Oceaneering International, Inc. (NYSE:OII) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,420 shares of the oil and gas company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Oceaneering International were worth $551,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of OII. BlackRock Inc. increased its stake in Oceaneering International by 10,555.3% in the first quarter. BlackRock Inc. now owns 8,513,376 shares of the oil and gas company’s stock worth $230,542,000 after buying an additional 8,433,478 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Oceaneering International by 91.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,015,114 shares of the oil and gas company’s stock worth $81,648,000 after buying an additional 1,443,300 shares during the last quarter. State Street Corp increased its stake in Oceaneering International by 0.7% in the first quarter. State Street Corp now owns 2,995,000 shares of the oil and gas company’s stock worth $81,101,000 after buying an additional 21,246 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Oceaneering International by 34.6% in the first quarter. Bank of New York Mellon Corp now owns 2,199,714 shares of the oil and gas company’s stock worth $59,569,000 after buying an additional 565,334 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Oceaneering International by 16.0% in the first quarter. AQR Capital Management LLC now owns 1,758,624 shares of the oil and gas company’s stock worth $47,624,000 after buying an additional 242,499 shares during the last quarter. Institutional investors own 98.61% of the company’s stock.
Shares of Oceaneering International, Inc. (OII) traded down 1.15% on Thursday, reaching $24.02. The company’s stock had a trading volume of 319,735 shares. Oceaneering International, Inc. has a 1-year low of $20.74 and a 1-year high of $32.12. The stock has a 50-day moving average of $23.70 and a 200 day moving average of $25.77. The stock’s market capitalization is $2.36 billion.
Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $515.04 million during the quarter, compared to the consensus estimate of $481.86 million. Oceaneering International had a negative net margin of 1.41% and a positive return on equity of 1.14%. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period last year, the firm earned $0.23 EPS. On average, equities analysts forecast that Oceaneering International, Inc. will post ($0.04) EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.47%. The ex-dividend date is Wednesday, August 23rd. Oceaneering International’s dividend payout ratio is currently -206.90%.
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OII has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Oceaneering International from a “sell” rating to a “hold” rating in a research report on Saturday, July 15th. Royal Bank Of Canada reiterated a “sell” rating and set a $30.00 price target on shares of Oceaneering International in a research report on Friday, April 21st. Morgan Stanley downgraded shares of Oceaneering International from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $33.00 to $28.00 in a research report on Wednesday, June 21st. Scotiabank set a $37.00 price target on shares of Oceaneering International and gave the company a “buy” rating in a research report on Tuesday, June 13th. Finally, Wolfe Research downgraded shares of Oceaneering International from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 6th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Oceaneering International currently has a consensus rating of “Hold” and a consensus target price of $28.50.
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).
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