Majedie Asset Management Ltd Buys 406,348 Shares of Oceaneering International, Inc. (OII)

Majedie Asset Management Ltd increased its stake in shares of Oceaneering International, Inc. (NYSE:OII) by 62.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,060,749 shares of the oil and gas company’s stock after buying an additional 406,348 shares during the period. Oceaneering International comprises about 2.3% of Majedie Asset Management Ltd’s holdings, making the stock its 7th biggest position. Majedie Asset Management Ltd owned about 1.08% of Oceaneering International worth $27,866,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Shell Asset Management Co. increased its stake in shares of Oceaneering International by 109.1% in the third quarter. Shell Asset Management Co. now owns 53,055 shares of the oil and gas company’s stock worth $3,458,000 after purchasing an additional 27,684 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Oceaneering International by 48.3% in the second quarter. SG Americas Securities LLC now owns 43,819 shares of the oil and gas company’s stock worth $1,001,000 after purchasing an additional 14,270 shares in the last quarter. Personal Capital Advisors Corp increased its stake in shares of Oceaneering International by 14.4% in the third quarter. Personal Capital Advisors Corp now owns 93,647 shares of the oil and gas company’s stock worth $2,460,000 after purchasing an additional 11,818 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Oceaneering International by 10.0% in the second quarter. Schroder Investment Management Group now owns 425,177 shares of the oil and gas company’s stock worth $9,635,000 after purchasing an additional 38,535 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Oceaneering International by 1.0% in the second quarter. Vanguard Group Inc. now owns 8,459,942 shares of the oil and gas company’s stock worth $193,226,000 after purchasing an additional 81,313 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

OII has been the subject of several recent research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $27.00 target price on shares of Oceaneering International in a research note on Monday, October 30th. J P Morgan Chase & Co reduced their target price on shares of Oceaneering International from $22.00 to $21.00 and set an “underweight” rating for the company in a research note on Tuesday, September 12th. Cowen and Company set a $21.00 target price on shares of Oceaneering International and gave the stock a “hold” rating in a research note on Sunday, October 29th. Jefferies Group LLC set a $18.00 target price on shares of Oceaneering International and gave the stock a “hold” rating in a research note on Sunday, October 29th. Finally, Deutsche Bank AG initiated coverage on shares of Oceaneering International in a research note on Tuesday, October 10th. They issued a “hold” rating and a $28.00 target price for the company. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.84.

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In other news, VP W Cardon Gerner sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $25.76, for a total value of $51,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by company insiders.

Oceaneering International, Inc. (OII) traded up $0.29 during mid-day trading on Thursday, hitting $18.81. 1,244,500 shares of the stock were exchanged, compared to its average volume of 1,396,904. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.67 and a quick ratio of 2.14. Oceaneering International, Inc. has a one year low of $17.11 and a one year high of $32.12. The company has a market capitalization of $1,820.13, a price-to-earnings ratio of 617.33 and a beta of 1.64.

Oceaneering International (NYSE:OII) last released its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Oceaneering International had a negative net margin of 0.94% and a positive return on equity of 0.21%. The firm had revenue of $476.12 million during the quarter, compared to the consensus estimate of $511.14 million. During the same quarter last year, the business posted $0.17 earnings per share. Oceaneering International’s revenue was down 13.3% compared to the same quarter last year. analysts anticipate that Oceaneering International, Inc. will post -0.09 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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