Comerica Bank raised its position in Oceaneering International, Inc. (NYSE:OII) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,997 shares of the oil and gas company’s stock after buying an additional 2,777 shares during the period. Comerica Bank owned about 0.15% of Oceaneering International worth $3,548,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in OII. Capstone Asset Management Co. raised its stake in shares of Oceaneering International by 6.5% in the first quarter. Capstone Asset Management Co. now owns 11,558 shares of the oil and gas company’s stock worth $313,000 after buying an additional 710 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Oceaneering International by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the oil and gas company’s stock worth $672,000 after buying an additional 600 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Oceaneering International by 2.0% in the first quarter. Nationwide Fund Advisors now owns 177,448 shares of the oil and gas company’s stock worth $4,805,000 after buying an additional 3,408 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Oceaneering International by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 34,145 shares of the oil and gas company’s stock worth $925,000 after buying an additional 500 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Oceaneering International by 8.0% in the first quarter. Wells Fargo & Company MN now owns 135,205 shares of the oil and gas company’s stock worth $3,661,000 after buying an additional 10,022 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of Oceaneering International, Inc. (OII) opened at 22.38 on Thursday. The company’s market capitalization is $2.20 billion. Oceaneering International, Inc. has a 52-week low of $20.74 and a 52-week high of $32.12. The firm’s 50-day moving average is $23.83 and its 200 day moving average is $25.35.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $515.04 million during the quarter, compared to analysts’ expectations of $481.86 million. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. The company’s quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. On average, equities research analysts anticipate that Oceaneering International, Inc. will post ($0.04) earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Wednesday, August 23rd. Oceaneering International’s dividend payout ratio (DPR) is -206.90%.

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A number of analysts have recently commented on OII shares. Jefferies Group LLC set a $25.00 price objective on shares of Oceaneering International and gave the stock a “hold” rating in a research report on Wednesday, May 17th. Wolfe Research lowered shares of Oceaneering International from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 6th. Scotiabank set a $37.00 price objective on shares of Oceaneering International and gave the stock a “buy” rating in a research report on Tuesday, June 13th. Morgan Stanley lowered shares of Oceaneering International from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $33.00 to $28.00 in a research report on Wednesday, June 21st. Finally, Seaport Global Securities lowered shares of Oceaneering International from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $24.00 to $19.00 in a research report on Wednesday, June 21st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $29.30.

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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