Eagle Asset Management Inc. decreased its position in Oceaneering International (NYSE:OII) by 61.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,626 shares of the oil and gas company’s stock after selling 61,246 shares during the quarter. Eagle Asset Management Inc.’s holdings in Oceaneering International were worth $787,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Oceaneering International during the fourth quarter worth approximately $17,277,000. FMR LLC grew its position in Oceaneering International by 8.7% during the first quarter. FMR LLC now owns 12,466,488 shares of the oil and gas company’s stock worth $196,597,000 after buying an additional 1,001,484 shares in the last quarter. Majedie Asset Management Ltd grew its position in Oceaneering International by 38.2% during the first quarter. Majedie Asset Management Ltd now owns 2,054,214 shares of the oil and gas company’s stock worth $32,422,000 after buying an additional 568,311 shares in the last quarter. Dalton Greiner Hartman Maher & Co. acquired a new stake in Oceaneering International during the second quarter worth approximately $8,465,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Oceaneering International during the first quarter worth approximately $3,192,000. 94.22% of the stock is currently owned by institutional investors.
NYSE OII opened at $12.55 on Friday. The business has a fifty day moving average price of $15.78 and a two-hundred day moving average price of $16.66. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.43. Oceaneering International has a fifty-two week low of $10.74 and a fifty-two week high of $28.62.Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, July 24th. The oil and gas company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.07). Oceaneering International had a negative return on equity of 4.38% and a negative net margin of 9.49%. The business had revenue of $495.78 million for the quarter, compared to the consensus estimate of $524.97 million. During the same quarter in the previous year, the company earned ($0.23) earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts predict that Oceaneering International will post -0.85 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on OII shares. Citigroup reduced their price target on Oceaneering International from $22.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Barclays reissued a “buy” rating and set a $21.00 price target on shares of Oceaneering International in a research report on Sunday, May 5th. Cowen reissued a “market perform” rating and set a $19.00 price target (up previously from $16.00) on shares of Oceaneering International in a research report on Friday, May 3rd. Royal Bank of Canada set a $20.00 price target on Oceaneering International and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, ValuEngine downgraded Oceaneering International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.20.
Oceaneering International Company Profile
Oceaneering International, Inc provides engineered services and products to the offshore oil and gas industry, as well as to defense, aerospace, and commercial theme park industries worldwide. The company’s Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.
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