Mutual of America Capital Management LLC Purchases 9 Shares of Oceaneering International, Inc. (OII)
Mutual of America Capital Management LLC raised its position in Oceaneering International, Inc. (NYSE:OII) by 0.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,013 shares of the oil and gas company’s stock after purchasing an additional 9 shares during the quarter. Mutual of America Capital Management LLC owned 0.08% of Oceaneering International worth $1,759,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OII. BlackRock Inc. raised its stake in shares of Oceaneering International by 10,555.3% in the 1st quarter. BlackRock Inc. now owns 8,513,376 shares of the oil and gas company’s stock valued at $230,542,000 after purchasing an additional 8,433,478 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Oceaneering International by 91.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,015,114 shares of the oil and gas company’s stock valued at $81,648,000 after acquiring an additional 1,443,300 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Oceaneering International by 131.6% in the 1st quarter. Teachers Advisors LLC now owns 967,472 shares of the oil and gas company’s stock valued at $26,199,000 after acquiring an additional 549,786 shares in the last quarter. Eaton Vance Management grew its holdings in shares of Oceaneering International by 20.4% in the 2nd quarter. Eaton Vance Management now owns 3,068,529 shares of the oil and gas company’s stock valued at $70,085,000 after acquiring an additional 519,289 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Oceaneering International by 618.8% in the 2nd quarter. Alliancebernstein L.P. now owns 451,840 shares of the oil and gas company’s stock valued at $10,320,000 after acquiring an additional 388,976 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on OII. Cowen and Company set a $28.00 price objective 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 objective on Oceaneering International and gave the company a “buy” rating in a report on Sunday, July 30th. Scotiabank set a $37.00 price objective on Oceaneering International and gave the company a “buy” rating in a report on Friday, July 28th. J P Morgan Chase & Co decreased their price objective on Oceaneering International from $22.00 to $21.00 and set an “underweight” rating for the company in a report on Tuesday, September 12th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $25.00 price objective on shares of Oceaneering International in a report on Monday, June 19th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $28.90.
In other Oceaneering International news, Director Paul B. Murphy, Jr. sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $26.34, for a total value of $52,680.00. Following the completion of the sale, the director now directly owns 16,600 shares of the company’s stock, valued at approximately $437,244. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.91% of the company’s stock.
Oceaneering International, Inc. (OII) opened at 25.47 on Friday. The company’s market cap is $2.50 billion. The company’s 50-day moving average price is $24.58 and its 200-day moving average price is $24.92. Oceaneering International, Inc. has a 12-month low of $20.74 and a 12-month high of $32.12.
Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping 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 business had revenue of $515.04 million during the quarter, compared to the consensus estimate of $481.86 million. During the same period in the prior year, the firm posted $0.23 EPS. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. Equities analysts anticipate that Oceaneering International, Inc. will post ($0.04) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Wednesday, August 23rd. Oceaneering International’s payout ratio is -206.90%.
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).
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