Rhumbline Advisers raised its position in shares of Oceaneering International, Inc. (NYSE:OII) by 4.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 242,674 shares of the oil and gas company’s stock after buying an additional 9,796 shares during the period. Rhumbline Advisers owned about 0.25% of Oceaneering International worth $5,543,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Oceaneering International by 496.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,019 shares of the oil and gas company’s stock worth $488,000 after buying an additional 15,000 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Oceaneering International by 13.7% in the first quarter. BNP Paribas Arbitrage SA now owns 36,440 shares of the oil and gas company’s stock worth $987,000 after buying an additional 4,390 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Oceaneering International by 34.6% in the first quarter. Bank of New York Mellon Corp now owns 2,199,714 shares of the oil and gas company’s stock worth $59,569,000 after buying an additional 565,334 shares during the last quarter. Elkfork Partners LLC boosted its position in Oceaneering International by 196.5% in the first quarter. Elkfork Partners LLC now owns 100,632 shares of the oil and gas company’s stock worth $2,725,000 after buying an additional 66,696 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. boosted its position in Oceaneering International by 8.2% in the first quarter. Bbva Compass Bancshares Inc. now owns 10,613 shares of the oil and gas company’s stock worth $288,000 after buying an additional 808 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Shares of Oceaneering International, Inc. (OII) opened at 22.38 on Thursday. The company’s 50-day moving average price is $23.83 and its 200 day moving average price is $25.35. Oceaneering International, Inc. has a 12-month low of $20.74 and a 12-month high of $32.12. The company’s market cap is $2.20 billion.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $481.86 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. Equities analysts predict that Oceaneering International, Inc. will post ($0.04) earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a dividend of $0.15 per share. 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 payout ratio 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 target on Oceaneering International and gave the company a “hold” rating in a report on Wednesday, May 17th. Cowen and Company set a $28.00 price target on Oceaneering International and gave the company a “hold” rating in a report 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 report on Sunday, July 30th. Scotiabank set a $37.00 price target on Oceaneering International and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Wolfe Research lowered Oceaneering International from a “market perform” rating to an “underperform” rating in a report on Tuesday, June 6th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target 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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