Oceaneering International, Inc. (NYSE:OII) Shares Sold by Bbva Compass Bancshares Inc.
Bbva Compass Bancshares Inc. cut its position in shares of Oceaneering International, Inc. (NYSE:OII) by 5.8% during the second quarter, Holdings Channel reports. The fund owned 10,000 shares of the oil and gas company’s stock after selling 613 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Oceaneering International were worth $228,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of OII. Westpac Banking Corp purchased a new stake in shares of Oceaneering International during the first quarter worth about $144,000. LS Investment Advisors LLC boosted its stake in shares of Oceaneering International by 18.4% in the second quarter. LS Investment Advisors LLC now owns 7,650 shares of the oil and gas company’s stock worth $175,000 after buying an additional 1,188 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Oceaneering International by 4.0% in the first quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock worth $211,000 after buying an additional 300 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Oceaneering International by 7.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,814 shares of the oil and gas company’s stock worth $212,000 after buying an additional 560 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Oceaneering International during the first quarter worth about $259,000. 98.61% of the stock is currently owned by institutional investors.
Oceaneering International, Inc. (OII) opened at 24.30 on Thursday. The company’s market capitalization is $2.40 billion. The firm has a 50-day moving average of $23.70 and a 200 day moving average of $25.77. Oceaneering International, Inc. has a 12-month low of $20.74 and a 12-month high of $32.12.
Oceaneering International (NYSE:OII) last released its earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $515.04 million for the quarter, compared to analysts’ expectations of $481.86 million. Oceaneering International had a negative net margin of 1.41% and a positive return on equity of 1.14%. The company’s quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. Analysts forecast that Oceaneering International, Inc. will post ($0.03) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, August 23rd. Oceaneering International’s payout ratio is -206.90%.
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A number of brokerages have recently issued reports on OII. BidaskClub cut shares of Oceaneering International from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Royal Bank Of Canada reaffirmed a “sell” rating and issued a $25.00 target price on shares of Oceaneering International in a report on Thursday, July 20th. Seaport Global Securities cut shares of Oceaneering International from a “neutral” rating to a “sell” rating and dropped their target price for the company from $24.00 to $19.00 in a report on Wednesday, June 21st. Scotiabank reaffirmed a “buy” rating and issued a $37.00 target price on shares of Oceaneering International in a report on Friday, April 28th. Finally, Piper Jaffray Companies set a $26.00 target price on shares of Oceaneering International and gave the company a “buy” rating in a report on Sunday, July 30th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.50.
Oceaneering International Company Profile
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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