Miles Capital Inc. raised its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,755 shares of the oil and gas company’s stock after acquiring an additional 1,274 shares during the period. Miles Capital Inc.’s holdings in Oceaneering International were worth $839,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacad Investment Ltd. raised its stake in Oceaneering International by 231.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,300 shares of the oil and gas company’s stock valued at $121,000 after acquiring an additional 3,700 shares during the last quarter. Westpac Banking Corp purchased a new stake in Oceaneering International during the 1st quarter valued at approximately $144,000. LS Investment Advisors LLC raised its stake in Oceaneering International by 18.4% during the 2nd quarter. LS Investment Advisors LLC now owns 7,650 shares of the oil and gas company’s stock valued at $175,000 after acquiring an additional 1,188 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Oceaneering International by 4.0% during the 1st quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock valued at $211,000 after acquiring an additional 300 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Oceaneering International by 7.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,814 shares of the oil and gas company’s stock valued at $212,000 after acquiring an additional 560 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Shares of Oceaneering International, Inc. (NYSE:OII) traded down 1.05% during trading on Friday, hitting $26.27. The stock had a trading volume of 780,395 shares. The firm’s market cap is $2.58 billion. The firm’s 50-day moving average is $23.97 and its 200-day moving average is $24.92. Oceaneering International, Inc. has a one year low of $20.74 and a one year high of $32.12.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. The company had revenue of $515.04 million for 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 business’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. Equities research analysts forecast that Oceaneering International, Inc. will post ($0.04) EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.28%. Oceaneering International’s dividend payout ratio (DPR) is presently -206.90%.

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In other news, VP W Cardon Gerner sold 2,000 shares of Oceaneering International stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $25.76, for a total transaction of $51,520.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.91% of the company’s stock.

OII has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed a “sell” rating and set a $25.00 price objective on shares of Oceaneering International in a research note on Thursday, July 20th. BidaskClub downgraded Oceaneering International from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Zacks Investment Research downgraded Oceaneering International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Oceaneering International in a research note on Thursday, July 20th. Finally, Scotiabank set a $37.00 price objective on Oceaneering International and gave the company a “buy” rating in a research note on Tuesday, June 13th. Five equities research analysts have rated the stock with a sell rating, eight have issued 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 $28.70.

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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