Oceaneering International, Inc. (NYSE:OII) VP W Cardon Gerner sold 2,000 shares of Oceaneering International stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $25.76, for a total value of $51,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Oceaneering International, Inc. (OII) traded up 0.562% during trading on Friday, reaching $25.945. The company had a trading volume of 571,777 shares. Oceaneering International, Inc. has a one year low of $20.74 and a one year high of $32.12. The company’s market capitalization is $2.55 billion. The company has a 50-day moving average price of $23.97 and a 200 day moving average price of $24.92.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. Oceaneering International had a negative net margin of 1.41% and a positive return on equity of 1.14%. The company had revenue of $515.04 million for the quarter, compared to analyst estimates of $481.86 million. During the same quarter in the prior year, the business posted $0.23 EPS. The firm’s revenue was down 17.7% compared to the same quarter last year. Analysts expect that Oceaneering International, Inc. will post ($0.04) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Wednesday, August 23rd. Oceaneering International’s payout ratio is -206.90%.

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A number of hedge funds have recently modified their holdings of OII. Wells Fargo & Company MN grew its position in Oceaneering International by 8.0% in the 1st quarter. Wells Fargo & Company MN now owns 135,205 shares of the oil and gas company’s stock worth $3,661,000 after purchasing an additional 10,022 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Oceaneering International by 2.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 57,289 shares of the oil and gas company’s stock worth $1,551,000 after purchasing an additional 1,410 shares in the last quarter. State Treasurer State of Michigan grew its position in Oceaneering International by 0.8% in the 1st quarter. State Treasurer State of Michigan now owns 39,800 shares of the oil and gas company’s stock worth $1,078,000 after purchasing an additional 300 shares in the last quarter. Bank of New York Mellon Corp grew its position in Oceaneering International by 34.6% in the 1st 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 purchasing an additional 565,334 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Oceaneering International by 13.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 36,440 shares of the oil and gas company’s stock worth $987,000 after purchasing an additional 4,390 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on OII. Cowen and Company set a $28.00 price target on Oceaneering International and gave the company a “hold” rating in a research note on Friday, August 4th. BidaskClub downgraded Oceaneering International from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Seaport Global Securities downgraded Oceaneering International from a “neutral” rating to a “sell” rating and dropped their price target for the company from $24.00 to $19.00 in a research note on Wednesday, June 21st. ValuEngine raised Oceaneering International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Piper Jaffray Companies set a $26.00 price target on Oceaneering International and gave the company a “buy” rating in a research note on Sunday, July 30th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $28.55.

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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