First Trust Advisors LP decreased its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 44.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 365,917 shares of the oil and gas company’s stock after selling 294,334 shares during the period. First Trust Advisors LP owned about 0.37% of Oceaneering International worth $8,358,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of OII. Arizona State Retirement System increased its stake in 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 during the last quarter. Foundry Partners LLC increased its stake in 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 during the last quarter. Schwab Charles Investment Management Inc. increased its stake in 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 during the last quarter. Bright Rock Capital Management LLC purchased a new stake in Oceaneering International during the second quarter valued at $1,256,000. Finally, Canada Pension Plan Investment Board increased its stake in Oceaneering International by 77.9% in the second quarter. Canada Pension Plan Investment Board now owns 149,800 shares of the oil and gas company’s stock valued at $3,421,000 after buying an additional 65,600 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Oceaneering International, Inc. (NYSE OII) opened at 23.31 on Friday. The firm’s market cap is $2.29 billion. The stock has a 50 day moving average price of $23.83 and a 200 day moving average price of $25.35. Oceaneering International, Inc. has a one year low of $20.74 and a one year high of $32.12.

Oceaneering International (NYSE:OII) last posted 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 firm had revenue of $515.04 million during the quarter, compared to analysts’ expectations of $481.86 million. During the same quarter in the prior year, the firm earned $0.23 EPS. Oceaneering International’s quarterly revenue was down 17.7% on a year-over-year basis. Equities research analysts expect that Oceaneering International, Inc. will post ($0.04) EPS for the current year.

The company also recently announced 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. This represents a $0.60 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Wednesday, August 23rd. Oceaneering International’s dividend payout ratio (DPR) is -206.90%.

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Several analysts have weighed in on the company. Royal Bank Of Canada upgraded Oceaneering International from an “underperform” rating to an “outperform” rating and boosted their price target for the company from $25.00 to $33.00 in a research note on Friday. BidaskClub downgraded Oceaneering International from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. 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. 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. Finally, Scotiabank set a $37.00 price target on Oceaneering International and gave the company a “buy” rating in a research note on Friday, July 28th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $29.30.

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).

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

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