Gargoyle Investment Advisor L.L.C. held its stake in shares of Oceaneering International, Inc. (NYSE:OII) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,857 shares of the oil and gas company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in Oceaneering International were worth $339,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Oceaneering International by 4.2% in the second quarter. Rhumbline Advisers now owns 242,674 shares of the oil and gas company’s stock valued at $5,543,000 after buying an additional 9,796 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Oceaneering International by 1.5% in the second quarter. Arizona State Retirement System now owns 41,400 shares of the oil and gas company’s stock valued at $946,000 after buying an additional 600 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Oceaneering International by 44.3% in the second quarter. Foundry Partners LLC now owns 17,500 shares of the oil and gas company’s stock valued at $400,000 after buying an additional 5,375 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Oceaneering International by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 456,564 shares of the oil and gas company’s stock valued at $10,428,000 after buying an additional 7,032 shares in the last quarter. Finally, Bright Rock Capital Management LLC acquired a new stake in shares of Oceaneering International during the second quarter valued at $1,256,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Oceaneering International, Inc. (NYSE OII) opened at 23.16 on Tuesday. The firm’s market cap is $2.28 billion. The firm has a 50-day moving average price of $23.83 and a 200-day moving average price of $25.65. Oceaneering International, Inc. has a one year low of $20.74 and a one year high of $32.12.

Oceaneering International (NYSE:OII) last issued 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 Thomson Reuters’ 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 analyst estimates of $481.86 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue was down 17.7% compared to the same quarter last year. On average, equities analysts expect that Oceaneering International, Inc. will post ($0.04) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Wednesday, August 23rd. Oceaneering International’s dividend payout ratio (DPR) is currently -206.90%.

TRADEMARK VIOLATION NOTICE: “Gargoyle Investment Advisor L.L.C. Has $339,000 Position in Oceaneering International, Inc. (NYSE:OII)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/15/gargoyle-investment-advisor-l-l-c-has-339000-position-in-oceaneering-international-inc-nyseoii.html.

Several analysts recently weighed in on the company. BidaskClub downgraded Oceaneering International from a “hold” rating to a “sell” rating in a research report on Monday. Cowen and Company set a $28.00 price objective on Oceaneering International and gave the stock a “hold” rating in a research report on Friday, August 4th. Piper Jaffray Companies set a $26.00 price objective on Oceaneering International and gave the stock a “buy” rating in a research report on Sunday, July 30th. Scotiabank set a $37.00 price objective on Oceaneering International and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Royal Bank Of Canada restated a “sell” rating and set a $25.00 price objective on shares of Oceaneering International in a research report on Thursday, July 20th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Oceaneering International currently has an average rating of “Hold” and a consensus price target of $28.50.

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

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