Oceaneering International, Inc. (NYSE:OII) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC raised its position in shares of Oceaneering International, Inc. (NYSE:OII) by 131.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 967,472 shares of the oil and gas company’s stock after buying an additional 549,786 shares during the period. Teachers Advisors LLC owned 0.99% of Oceaneering International worth $26,199,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in OII. Norges Bank purchased a new position in shares of Oceaneering International during the fourth quarter worth $44,468,000. Viking Fund Management LLC bought a new stake in shares of Oceaneering International during the first quarter worth approximately $2,166,000. Guggenheim Capital LLC raised its stake in shares of Oceaneering International by 90.3% in the fourth quarter. Guggenheim Capital LLC now owns 140,645 shares of the oil and gas company’s stock valued at $3,968,000 after buying an additional 66,745 shares during the last quarter. Vident Investment Advisory LLC raised its stake in shares of Oceaneering International by 19.6% in the fourth quarter. Vident Investment Advisory LLC now owns 91,377 shares of the oil and gas company’s stock valued at $2,578,000 after buying an additional 14,955 shares during the last quarter. Finally, Dean Investment Associates LLC raised its stake in shares of Oceaneering International by 8.1% in the first quarter. Dean Investment Associates LLC now owns 179,813 shares of the oil and gas company’s stock valued at $4,869,000 after buying an additional 13,525 shares during the last quarter. 98.37% of the stock is currently owned by hedge funds and other institutional investors.
Oceaneering International, Inc. (OII) traded up 1.68% during midday trading on Friday, hitting $26.04. 1,483,575 shares of the stock were exchanged. Oceaneering International, Inc. has a 1-year low of $20.74 and a 1-year high of $32.12. The company’s 50 day moving average is $23.62 and its 200-day moving average is $25.85. The stock’s market cap is $2.57 billion.
Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 EPS for the quarter, topping the 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 the consensus estimate of $481.86 million. During the same period in the previous year, the firm earned $0.23 earnings per share. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, analysts expect that Oceaneering International, Inc. will post ($0.04) earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Wednesday, August 23rd. Oceaneering International’s payout ratio is -206.90%.
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Several research analysts have recently weighed in on OII shares. Zacks Investment Research lowered shares of Oceaneering International from a “hold” rating to a “sell” rating in a research note on Thursday, April 13th. Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 target price on shares of Oceaneering International in a report on Tuesday, April 11th. Scotiabank reissued a “buy” rating and issued a $37.00 price objective on shares of Oceaneering International in a report on Friday, April 28th. Royal Bank Of Canada restated a “sell” rating and issued a $30.00 target price on shares of Oceaneering International in a research report on Friday, April 21st. Finally, 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. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $28.20.
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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