Keybank National Association OH Has $786,000 Holdings in Oceaneering International, Inc. (OII)
Keybank National Association OH decreased its holdings in Oceaneering International, Inc. (NYSE:OII) by 21.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,912 shares of the oil and gas company’s stock after selling 8,240 shares during the quarter. Keybank National Association OH’s holdings in Oceaneering International were worth $786,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of OII. Paloma Partners Management Co raised its stake in Oceaneering International by 48.2% in the 1st quarter. Paloma Partners Management Co now owns 11,773 shares of the oil and gas company’s stock worth $318,000 after purchasing an additional 3,830 shares in the last quarter. Capstone Asset Management Co. raised its stake in Oceaneering International by 4.9% in the 2nd quarter. Capstone Asset Management Co. now owns 12,128 shares of the oil and gas company’s stock worth $277,000 after purchasing an additional 570 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Oceaneering International by 4.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 35,680 shares of the oil and gas company’s stock worth $815,000 after purchasing an additional 1,535 shares in the last quarter. CWM LLC raised its stake in Oceaneering International by 12.4% in the 2nd quarter. CWM LLC now owns 19,161 shares of the oil and gas company’s stock worth $438,000 after purchasing an additional 2,119 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in Oceaneering International by 18.4% in the 2nd quarter. LS Investment Advisors LLC now owns 7,650 shares of the oil and gas company’s stock worth $175,000 after purchasing an additional 1,188 shares in the last quarter. Institutional investors and hedge funds own 99.87% of the company’s stock.
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Several brokerages have weighed in on OII. BidaskClub cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Piper Jaffray Companies set a $26.00 target price on shares of Oceaneering International and gave the company a “buy” rating in a research report on Sunday, July 30th. ValuEngine cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Loop Capital dropped their target price on shares of Oceaneering International from $27.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, October 27th. Finally, Cowen and Company set a $21.00 target price on shares of Oceaneering International and gave the company a “hold” rating in a research report on Sunday, October 29th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.84.
Shares of Oceaneering International, Inc. (NYSE:OII) opened at $19.44 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.67 and a quick ratio of 2.14. Oceaneering International, Inc. has a 12 month low of $17.11 and a 12 month high of $32.12. The company has a market cap of $1,926.27, a price-to-earnings ratio of 653.33 and a beta of 1.64.
Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. The firm had revenue of $476.12 million during the quarter, compared to the consensus estimate of $511.14 million. During the same period in the prior year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. sell-side analysts anticipate that Oceaneering International, Inc. will post -0.08 earnings per share for the current year.
In other news, Director Paul B. Murphy, Jr. sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $26.34, for a total value of $52,680.00. Following the sale, the director now directly owns 16,600 shares of the company’s stock, valued at approximately $437,244. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.91% 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).
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