Nikko Asset Management Americas Inc. increased its stake in Oceaneering International, Inc. (NYSE:OII) by 50.6% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 296,757 shares of the company’s stock after buying an additional 99,700 shares during the period. Nikko Asset Management Americas Inc. owned about 0.30% of Oceaneering International worth $8,164,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its position in Oceaneering International by 77.3% in the second quarter. Acrospire Investment Management LLC now owns 3,900 shares of the company’s stock valued at $116,000 after buying an additional 1,700 shares in the last quarter. Creative Planning boosted its position in Oceaneering International by 328.9% in the third quarter. Creative Planning now owns 6,189 shares of the company’s stock valued at $170,000 after buying an additional 4,746 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in Oceaneering International during the second quarter valued at about $173,000. Pacer Advisors Inc. acquired a new position in Oceaneering International during the second quarter valued at about $206,000. Finally, GSA Capital Partners LLP boosted its position in Oceaneering International by 11.1% in the second quarter. GSA Capital Partners LLP now owns 6,966 shares of the company’s stock valued at $208,000 after buying an additional 698 shares in the last quarter. 99.96% of the stock is owned by hedge funds and other institutional investors.
Oceaneering International, Inc. (NYSE:OII) traded up 1.06% during trading on Wednesday, reaching $28.59. The company had a trading volume of 272,438 shares. The firm has a market capitalization of $2.80 billion, a P/E ratio of 44.81 and a beta of 1.65. The company has a 50-day moving average of $28.55 and a 200-day moving average of $27.43. Oceaneering International, Inc. has a 52-week low of $22.47 and a 52-week high of $36.92.
Oceaneering International (NYSE:OII) last issued its earnings results on Thursday, October 27th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. Oceaneering International had a return on equity of 8.17% and a net margin of 2.52%. The company earned $549 million during the quarter, compared to the consensus estimate of $344 million. During the same period in the previous year, the firm posted $0.70 earnings per share. Oceaneering International’s quarterly revenue was down 26.1% compared to the same quarter last year. Analysts expect that Oceaneering International, Inc. will post $0.68 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Friday, November 25th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 2.12%. Oceaneering International’s payout ratio is currently 92.31%.
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Several research firms have recently issued reports on OII. Seaport Global Securities cut Oceaneering International from an “accumulate” rating to a “neutral” rating and lowered their price objective for the stock from $29.00 to $27.00 in a research report on Thursday, December 1st. Royal Bank Of Canada cut Oceaneering International from a “sector perform” rating to an “underperform” rating and upped their price objective for the stock from $26.00 to $34.00 in a research report on Friday, December 16th. Zacks Investment Research raised Oceaneering International from a “sell” rating to a “hold” rating in a research report on Saturday, November 26th. Wolfe Research raised Oceaneering International from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 7th. Finally, RBC Capital Markets set a $28.00 target price on Oceaneering International and gave the company a “hold” rating in a research report on Thursday, September 15th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Oceaneering International currently has a consensus rating of “Hold” and a consensus target price of $32.36.
In other Oceaneering International news, SVP John R. Kreider sold 3,501 shares of Oceaneering International stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $23.74, for a total value of $83,113.74. Following the completion of the transaction, the senior vice president now directly owns 34,616 shares in the company, valued at $821,783.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.
Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Company’s business segments include services and products provided to the oil and gas industry (Oilfield), and all other services and products (Advanced Technologies).
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