Bokf Na lowered its position in shares of Oceaneering International Inc. (NYSE:OII) by 2.6% during the third quarter, Holdings Channel reports. The firm owned 39,571 shares of the company’s stock after selling 1,044 shares during the period. Bokf Na’s holdings in Oceaneering International were worth $1,088,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of OII. Shell Asset Management Co. increased its stake in shares of Oceaneering International by 10.5% in the second quarter. Shell Asset Management Co. now owns 79,069 shares of the company’s stock worth $2,361,000 after buying an additional 7,533 shares during the period. Bank of Montreal Can acquired a new stake in shares of Oceaneering International during the second quarter worth about $4,386,000. PGGM Investments increased its stake in shares of Oceaneering International by 91.9% in the second quarter. PGGM Investments now owns 1,021,218 shares of the company’s stock worth $30,494,000 after buying an additional 489,176 shares during the period. Boston Advisors LLC acquired a new stake in shares of Oceaneering International during the second quarter worth about $14,382,000. Finally, Retirement Systems of Alabama increased its stake in shares of Oceaneering International by 30.6% in the second quarter. Retirement Systems of Alabama now owns 371,668 shares of the company’s stock worth $11,098,000 after buying an additional 87,019 shares during the period. Hedge funds and other institutional investors own 99.93% of the company’s stock.
Shares of Oceaneering International Inc. (NYSE:OII) traded down 1.33% during midday trading on Thursday, reaching $27.36. The company had a trading volume of 711,026 shares. The firm’s 50 day moving average price is $28.92 and its 200-day moving average price is $27.38. Oceaneering International Inc. has a 1-year low of $22.47 and a 1-year high of $36.92. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 42.88 and a beta of 1.65.
Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business earned $549 million during the quarter, compared to analyst estimates of $344 million. Oceaneering International had a return on equity of 8.17% and a net margin of 2.52%. The company’s revenue for the quarter was down 26.1% on a year-over-year basis. During the same period last year, the company earned $0.70 EPS. Equities research analysts expect that Oceaneering International Inc. will post $0.68 EPS for the current fiscal year.
OII has been the subject of a number of research analyst reports. Citigroup Inc. assumed coverage on Oceaneering International in a research report on Tuesday, September 27th. They set a “neutral” rating and a $27.00 price target for the company. Loop Capital assumed coverage on Oceaneering International in a research report on Friday, September 30th. They issued a “buy” rating for the company. Wells Fargo & Co. assumed coverage on Oceaneering International in a research report on Tuesday, October 18th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded Oceaneering International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 19th. Finally, TheStreet downgraded Oceaneering International from a “hold” rating to a “sell” rating in a research report on Tuesday, November 29th. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Oceaneering International currently has a consensus rating of “Hold” and an average price target of $32.08.
In other news, SVP John R. Kreider sold 3,501 shares of the firm’s 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 sale, the senior vice president now directly owns 34,616 shares of the company’s stock, valued at approximately $821,783.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by company insiders.
About Oceaneering International
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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