South Dakota Investment Council Has $2,154,000 Position in Oceaneering International, Inc. (OII)

South Dakota Investment Council continued to hold its position in shares of Oceaneering International, Inc. (NYSE:OII) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,300 shares of the oil and gas company’s stock at the close of the 2nd quarter. South Dakota Investment Council owned approximately 0.10% of Oceaneering International worth $2,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OII. Capstone Asset Management Co. increased its stake in shares of Oceaneering International by 6.5% in the 1st quarter. Capstone Asset Management Co. now owns 11,558 shares of the oil and gas company’s stock valued at $313,000 after buying an additional 710 shares during the period. Nationwide Fund Advisors increased its stake in shares of Oceaneering International by 2.0% in the 1st quarter. Nationwide Fund Advisors now owns 177,448 shares of the oil and gas company’s stock valued at $4,805,000 after buying an additional 3,408 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Oceaneering International by 1.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 34,145 shares of the oil and gas company’s stock valued at $925,000 after buying an additional 500 shares during the period. Wells Fargo & Company MN increased its stake in shares of Oceaneering International by 8.0% in the 1st quarter. Wells Fargo & Company MN now owns 135,205 shares of the oil and gas company’s stock valued at $3,661,000 after buying an additional 10,022 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of Oceaneering International by 156.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 84,200 shares of the oil and gas company’s stock valued at $2,280,000 after buying an additional 51,400 shares during the period. 99.71% of the stock is owned by institutional investors.

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Several equities research analysts have recently commented on OII shares. Jefferies Group LLC set a $25.00 target price on Oceaneering International and gave the company a “hold” rating in a research note on Wednesday, May 17th. Wolfe Research cut Oceaneering International from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 6th. Scotiabank set a $37.00 target price on Oceaneering International and gave the company a “buy” rating in a research note on Tuesday, June 13th. Morgan Stanley cut Oceaneering International from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $33.00 to $28.00 in a research note on Wednesday, June 21st. Finally, Seaport Global Securities cut Oceaneering International from a “neutral” rating to a “sell” rating and lowered their target price for the company from $24.00 to $19.00 in a research note on Wednesday, June 21st. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.30.

Oceaneering International, Inc. (NYSE OII) opened at 24.97 on Tuesday. Oceaneering International, Inc. has a 52-week low of $20.74 and a 52-week high of $32.12. The stock has a 50 day moving average price of $23.82 and a 200 day moving average price of $25.03. The company’s market capitalization is $2.45 billion.

Oceaneering International (NYSE:OII) last posted 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. The business had revenue of $515.04 million during the quarter, compared to the consensus estimate of $481.86 million. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. Oceaneering International’s quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. Analysts anticipate that Oceaneering International, Inc. will post ($0.04) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.40%. Oceaneering International’s payout ratio is -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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