Legal & General Group Plc Grows Holdings in Oceaneering International, Inc. (OII)

Legal & General Group Plc boosted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 13.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,926 shares of the oil and gas company’s stock after buying an additional 17,016 shares during the quarter. Legal & General Group Plc owned 0.15% of Oceaneering International worth $3,807,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Shell Asset Management Co. lifted its holdings in Oceaneering International by 109.1% during the 3rd quarter. Shell Asset Management Co. now owns 53,055 shares of the oil and gas company’s stock worth $3,458,000 after buying an additional 27,684 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Oceaneering International by 48.3% during the 2nd quarter. SG Americas Securities LLC now owns 43,819 shares of the oil and gas company’s stock worth $1,001,000 after buying an additional 14,270 shares in the last quarter. Personal Capital Advisors Corp lifted its holdings in Oceaneering International by 14.4% during the 3rd quarter. Personal Capital Advisors Corp now owns 93,647 shares of the oil and gas company’s stock worth $2,460,000 after buying an additional 11,818 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Oceaneering International by 76.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 197,692 shares of the oil and gas company’s stock worth $5,193,000 after buying an additional 85,357 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in Oceaneering International by 10.0% during the 2nd quarter. Schroder Investment Management Group now owns 425,177 shares of the oil and gas company’s stock worth $9,635,000 after buying an additional 38,535 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Shares of Oceaneering International, Inc. (NYSE OII) opened at $20.50 on Friday. Oceaneering International, Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $29.88. The firm has a market cap of $1,972.46, a price-to-earnings ratio of -107.89 and a beta of 1.63. 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 (NYSE:OII) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 analyst estimates of $511.14 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. Oceaneering International’s revenue for the quarter was down 13.3% compared to the same quarter last year. sell-side analysts anticipate that Oceaneering International, Inc. will post -0.09 earnings per share for the current fiscal year.

OII has been the topic of a number of research reports. Barclays initiated coverage on shares of Oceaneering International in a report on Friday, October 6th. They set an “equal weight” rating and a $28.00 target price on the stock. Piper Jaffray Companies reiterated an “overweight” rating and set a $28.00 target price (up from $26.00) on shares of Oceaneering International in a report on Tuesday, October 3rd. 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 on the stock in a report on Tuesday, September 12th. ValuEngine upgraded shares of Oceaneering International from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Citigroup reduced their target price on shares of Oceaneering International from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $23.70.

In other news, Director Paul B. Murphy, Jr. sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $26.34, for a total value of $52,680.00. Following the sale, the director now directly owns 16,600 shares in the company, valued at approximately $437,244. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by company insiders.

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Oceaneering International Company 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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