Lazard Asset Management LLC increased its position in Oceaneering International, Inc. (NYSE:OII) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,233,521 shares of the oil and gas company’s stock after acquiring an additional 80,740 shares during the period. Lazard Asset Management LLC owned approximately 2.27% of Oceaneering International worth $51,013,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Utah Retirement Systems increased its holdings in shares of Oceaneering International by 0.6% in the 1st quarter. Utah Retirement Systems now owns 17,782 shares of the oil and gas company’s stock worth $482,000 after acquiring an additional 100 shares during the period. Monroe Bank & Trust MI increased its holdings in shares of Oceaneering International by 0.4% in the 1st quarter. Monroe Bank & Trust MI now owns 24,616 shares of the oil and gas company’s stock worth $667,000 after acquiring an additional 105 shares during the period. State Treasurer State of Michigan increased its holdings in shares of Oceaneering International by 0.8% in the 1st quarter. State Treasurer State of Michigan now owns 39,800 shares of the oil and gas company’s stock worth $1,078,000 after acquiring an additional 300 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Oceaneering International by 4.0% in the 1st quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock worth $211,000 after acquiring an additional 300 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Oceaneering International by 3.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,605 shares of the oil and gas company’s stock worth $242,000 after acquiring an additional 330 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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A number of analysts recently weighed in on the stock. Cowen and Company set a $28.00 price objective on shares of Oceaneering International and gave the stock a “hold” rating in a report on Friday, August 4th. Piper Jaffray Companies set a $26.00 target price on shares of Oceaneering International and gave the company a “buy” rating in a research report on Sunday, July 30th. Scotiabank set a $37.00 target price on shares of Oceaneering International and gave the company a “buy” rating in a research report on Friday, July 28th. Wolfe Research lowered shares of Oceaneering International from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 6th. Finally, J P Morgan Chase & Co decreased their target price on shares of Oceaneering International from $22.00 to $21.00 and set an “underweight” rating for the company in a research report on Tuesday, September 12th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.55.

Shares of Oceaneering International, Inc. (NYSE OII) traded up 1.00% on Tuesday, hitting $26.22. 78,695 shares of the company’s stock traded hands. Oceaneering International, Inc. has a 1-year low of $20.74 and a 1-year high of $32.12. The firm’s 50-day moving average price is $23.95 and its 200 day moving average price is $24.93. The company’s market cap is $2.58 billion.

Oceaneering International (NYSE:OII) last posted its 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. The company had revenue of $515.04 million during the quarter, compared to analyst estimates 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 revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 EPS. On average, equities research analysts expect that Oceaneering International, Inc. will post ($0.04) earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 2.31%. Oceaneering International’s payout ratio is currently -206.90%.

Oceaneering International 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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