Dupont Capital Management Corp purchased a new stake in Oceaneering International, Inc. (NYSE:OII) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 172,100 shares of the oil and gas company’s stock, valued at approximately $3,931,000. Dupont Capital Management Corp owned about 0.18% of Oceaneering International as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Westpac Banking Corp acquired a new stake in shares of Oceaneering International during the first quarter valued at $144,000. LS Investment Advisors LLC boosted its stake 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 valued at $175,000 after buying an additional 1,188 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Oceaneering International by 4.0% in the first quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock valued at $211,000 after buying an additional 300 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Oceaneering International by 7.7% in the first 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 buying an additional 560 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Oceaneering International during the first quarter valued at $259,000. Institutional investors own 98.08% of the company’s stock.
Oceaneering International, Inc. (OII) opened at 22.18 on Thursday. Oceaneering International, Inc. has a 12-month low of $20.74 and a 12-month high of $32.12. The stock has a 50 day moving average of $23.86 and a 200-day moving average of $25.58. The company’s market capitalization is $2.18 billion.
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 for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. The company had revenue of $515.04 million during the quarter, compared to analysts’ expectations of $481.86 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. Equities 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 will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Wednesday, August 23rd. Oceaneering International’s payout ratio is currently -206.90%.
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Several brokerages recently weighed in on OII. BidaskClub cut shares of Oceaneering International from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Royal Bank Of Canada restated a “sell” rating and issued a $25.00 price target on shares of Oceaneering International in a research report on Thursday, July 20th. Seaport Global Securities cut shares of Oceaneering International from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $24.00 to $19.00 in a research report on Wednesday, June 21st. Scotiabank reiterated a “buy” rating and set a $37.00 price objective on shares of Oceaneering International in a research report on Friday, April 28th. Finally, Piper Jaffray Companies set a $26.00 price objective on shares of Oceaneering International and gave the company a “buy” rating in a research report on Sunday, July 30th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $28.50.
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).
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