Vanguard Group Inc. cut its position in Oceaneering International, Inc. (NYSE:OII) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,378,629 shares of the oil and gas company’s stock after selling 379,003 shares during the period. Vanguard Group Inc. owned approximately 8.54% of Oceaneering International worth $226,894,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Marshall Wace North America L.P. acquired a new position in shares of Oceaneering International during the first quarter worth about $5,186,000. MARSHALL WACE ASIA Ltd acquired a new position in shares of Oceaneering International during the first quarter worth about $5,186,000. Thrivent Financial For Lutherans increased its position in shares of Oceaneering International by 255.9% in the first quarter. Thrivent Financial For Lutherans now owns 192,800 shares of the oil and gas company’s stock worth $5,221,000 after buying an additional 138,630 shares in the last quarter. Arosa Capital Management LP increased its position in shares of Oceaneering International by 27.6% in the first quarter. Arosa Capital Management LP now owns 366,816 shares of the oil and gas company’s stock worth $9,933,000 after buying an additional 79,316 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Oceaneering International by 71.7% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 509,580 shares of the oil and gas company’s stock worth $13,799,000 after buying an additional 212,800 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Oceaneering International, Inc. (NYSE:OII) traded down 2.04% on Monday, hitting $25.51. The stock had a trading volume of 1,108,194 shares. Oceaneering International, Inc. has a one year low of $20.74 and a one year high of $32.12. The firm’s market cap is $2.52 billion. The company’s 50-day moving average price is $23.62 and its 200 day moving average price is $25.85.

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, beating the consensus estimate of ($0.01) by $0.03. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. The firm had revenue of $515.04 million during the quarter, compared to the consensus estimate of $481.86 million. During the same period in the prior year, the firm earned $0.23 EPS. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. Analysts expect that Oceaneering International, Inc. will post ($0.03) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.15 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.35%. Oceaneering International’s payout ratio is currently -206.90%.

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A number of equities analysts have issued reports on OII shares. Jefferies Group LLC reiterated a “hold” rating and set a $25.00 price target on shares of Oceaneering International in a research report on Tuesday, April 11th. Zacks Investment Research downgraded Oceaneering International from a “hold” rating to a “sell” rating in a research report on Thursday, April 13th. Royal Bank Of Canada reiterated a “sell” rating and set a $30.00 price target on shares of Oceaneering International in a research report on Friday, April 21st. Scotiabank reissued a “buy” rating and set a $37.00 target price on shares of Oceaneering International in a report on Friday, April 28th. Finally, Wolfe Research cut Oceaneering International from a “market perform” rating to an “underperform” rating in a report on Tuesday, June 6th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.50.

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).

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

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