First Trust Advisors LP decreased its stake in Oceaneering International, Inc. (NYSE:OII) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 353,227 shares of the oil and gas company’s stock after selling 12,690 shares during the quarter. First Trust Advisors LP owned 0.36% of Oceaneering International worth $9,279,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in OII. Pacad Investment Ltd. lifted its stake in Oceaneering International by 231.3% in the second quarter. Pacad Investment Ltd. now owns 5,300 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 3,700 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Oceaneering International by 121.2% in the third quarter. Meeder Asset Management Inc. now owns 5,229 shares of the oil and gas company’s stock worth $138,000 after acquiring an additional 2,865 shares in the last quarter. LS Investment Advisors LLC increased its holdings in shares of Oceaneering International by 18.4% in the second quarter. LS Investment Advisors LLC now owns 7,650 shares of the oil and gas company’s stock worth $175,000 after acquiring an additional 1,188 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Oceaneering International by 19.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,326 shares of the oil and gas company’s stock worth $213,000 after acquiring an additional 1,512 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Oceaneering International by 3.2% in the second 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 in the last quarter. 99.64% of the stock is currently owned by hedge funds and other institutional investors.
OII has been the subject of several recent analyst reports. Barclays PLC initiated coverage on Oceaneering International in a report on Friday, October 6th. They issued an “equal weight” rating and a $28.00 price target for the company. Piper Jaffray Companies restated an “overweight” rating and issued a $28.00 price target (up from $26.00) on shares of Oceaneering International in a report on Tuesday, October 3rd. Royal Bank Of Canada restated a “sell” rating and issued a $25.00 price target on shares of Oceaneering International in a report on Thursday, July 20th. J P Morgan Chase & Co lowered their price target 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, ValuEngine upgraded Oceaneering International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $24.84.
Oceaneering International, Inc. (NYSE OII) opened at $20.68 on Friday. Oceaneering International, Inc. has a 52 week low of $17.11 and a 52 week high of $32.12. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.14 and a current ratio of 2.67. The company has a market capitalization of $2,032.41, a price-to-earnings ratio of 689.33 and a beta of 1.64.
Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). Oceaneering International had a positive return on equity of 0.21% and a negative net margin of 0.94%. The company had revenue of $476.12 million for the quarter, compared to the consensus estimate of $511.14 million. During the same quarter last year, the business earned $0.17 EPS. Oceaneering International’s revenue was down 13.3% on a year-over-year basis. equities analysts forecast that Oceaneering International, Inc. will post -0.08 earnings per share for the current year.
In other Oceaneering International news, VP W Cardon Gerner sold 2,000 shares of the firm’s stock in a transaction 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 document filed with the SEC, which is accessible through the SEC website. 0.91% of the stock is owned by company insiders.
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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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