Oceaneering International, Inc. (OII) Position Decreased by Arizona State Retirement System
Arizona State Retirement System cut its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 6.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,800 shares of the oil and gas company’s stock after selling 3,039 shares during the period. Arizona State Retirement System’s holdings in Oceaneering International were worth $1,105,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of OII. Isthmus Partners LLC purchased a new stake in Oceaneering International during the first quarter valued at $5,583,000. SG Americas Securities LLC increased its stake in Oceaneering International by 187.9% in the first quarter. SG Americas Securities LLC now owns 29,549 shares of the oil and gas company’s stock valued at $800,000 after buying an additional 19,287 shares during the last quarter. Madison Investment Holdings Inc. increased its stake in Oceaneering International by 35.8% in the first quarter. Madison Investment Holdings Inc. now owns 495,539 shares of the oil and gas company’s stock valued at $13,419,000 after buying an additional 130,508 shares during the last quarter. Pacer Advisors Inc. increased its stake in Oceaneering International by 29.3% in the first quarter. Pacer Advisors Inc. now owns 10,740 shares of the oil and gas company’s stock valued at $291,000 after buying an additional 2,432 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Oceaneering International by 34.0% in the first quarter. Envestnet Asset Management Inc. now owns 25,933 shares of the oil and gas company’s stock valued at $701,000 after buying an additional 6,576 shares during the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.
Oceaneering International, Inc. (NYSE:OII) opened at 24.95 on Friday. Oceaneering International, Inc. has a 52-week low of $22.47 and a 52-week high of $32.70. The firm has a 50-day moving average price of $25.57 and a 200 day moving average price of $27.09. The stock’s market cap is $2.45 billion.
Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, April 26th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.06. Oceaneering International had a positive return on equity of 2.72% and a negative net margin of 0.38%. The company had revenue of $446.18 million during the quarter, compared to analyst estimates of $459.57 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The firm’s quarterly revenue was down 26.7% on a year-over-year basis. Equities analysts anticipate that Oceaneering International, Inc. will post ($0.12) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, May 26th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $0.60 dividend on an annualized basis and a yield of 2.40%. Oceaneering International’s dividend payout ratio (DPR) is presently -750.00%.
Several equities research analysts have recently weighed in on the company. Scotiabank set a $37.00 price objective on Oceaneering International and gave the company a “buy” rating in a report on Tuesday, June 13th. Wolfe Research downgraded Oceaneering International from a “market perform” rating to an “underperform” rating in a report on Tuesday, June 6th. Jefferies Group LLC set a $25.00 price objective on Oceaneering International and gave the company a “hold” rating in a report on Wednesday, May 17th. Royal Bank Of Canada reissued a “sell” rating and issued a $30.00 price objective on shares of Oceaneering International in a report on Friday, April 21st. Finally, Zacks Investment Research downgraded Oceaneering International from a “hold” rating to a “sell” rating in a report on Thursday, April 13th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.67.
In other Oceaneering International news, Director Paul B. Murphy, Jr. sold 4,000 shares of the business’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $24.68, for a total transaction of $98,720.00. Following the completion of the transaction, the director now owns 18,901 shares in the company, valued at approximately $466,476.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.
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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