Wasatch Advisors Inc. decreased its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,808 shares of the oil and gas company’s stock after selling 2,377 shares during the period. Wasatch Advisors Inc. owned approximately 0.13% of Oceaneering International worth $2,873,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OII. UBS Asset Management Americas Inc. raised its holdings in Oceaneering International by 28.0% during the first quarter. UBS Asset Management Americas Inc. now owns 86,674 shares of the oil and gas company’s stock worth $2,347,000 after buying an additional 18,974 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Oceaneering International by 7.7% during 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. OppenheimerFunds Inc. raised its holdings in Oceaneering International by 29.6% during the first quarter. OppenheimerFunds Inc. now owns 21,738 shares of the oil and gas company’s stock worth $589,000 after buying an additional 4,971 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Oceaneering International by 1.9% during the first quarter. Principal Financial Group Inc. now owns 437,087 shares of the oil and gas company’s stock worth $11,837,000 after buying an additional 8,028 shares during the last quarter. Finally, Advantus Capital Management Inc raised its holdings in Oceaneering International by 3.0% during the first quarter. Advantus Capital Management Inc now owns 12,557 shares of the oil and gas company’s stock worth $340,000 after buying an additional 369 shares during the last quarter. Hedge funds and other institutional investors own 99.68% of the company’s stock.

WARNING: “Wasatch Advisors Inc. Lowers Holdings in Oceaneering International, Inc. (OII)” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.watchlistnews.com/wasatch-advisors-inc-lowers-holdings-in-oceaneering-international-inc-oii/1638638.html.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. The company 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%. Oceaneering International’s revenue was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS.

Several research firms have weighed in on OII. BidaskClub downgraded shares of Oceaneering International from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Royal Bank Of Canada restated a “sell” rating and set a $25.00 price objective on shares of Oceaneering International in a report on Thursday, July 20th. Deutsche Bank AG began coverage on shares of Oceaneering International in a report on Tuesday, October 10th. They set a “hold” rating and a $28.00 price objective on the stock. Seaport Global Securities downgraded shares of Oceaneering International from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $24.00 to $19.00 in a report on Wednesday, June 21st. Finally, Piper Jaffray Companies set a $26.00 price objective on shares of Oceaneering International and gave the stock a “buy” rating in a report on Sunday, July 30th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. Oceaneering International currently has an average rating of “Hold” and an average price target of $28.75.

In related news, VP W Cardon Gerner sold 2,000 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Oceaneering International 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).

Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

Receive News & Ratings for Oceaneering International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.