Dimensional Fund Advisors LP increased its position in shares of Oceaneering International Inc. (NYSE:OII) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,455,675 shares of the company’s stock after buying an additional 60,908 shares during the period. Dimensional Fund Advisors LP owned about 1.48% of Oceaneering International worth $43,464,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. Acrospire Investment Management LLC increased its stake in shares of Oceaneering International by 77.3% in the second quarter. Acrospire Investment Management LLC now owns 3,900 shares of the company’s stock worth $116,000 after buying an additional 1,700 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Oceaneering International by 11.1% in the second quarter. GSA Capital Partners LLP now owns 6,966 shares of the company’s stock worth $208,000 after buying an additional 698 shares in the last quarter. Alambic Investment Management L.P. bought a new stake in shares of Oceaneering International during the second quarter worth about $233,000. Boys Arnold & Co. Inc. bought a new stake in shares of Oceaneering International during the second quarter worth about $239,000. Finally, Seven Eight Capital LLC bought a new stake in shares of Oceaneering International during the first quarter worth about $246,000. Institutional investors own 97.80% of the company’s stock.
Shares of Oceaneering International Inc. (NYSE:OII) opened at 27.44 on Friday. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 18.83 and a beta of 1.57. Oceaneering International Inc. has a 12-month low of $24.33 and a 12-month high of $47.45. The stock has a 50 day moving average of $26.39 and a 200 day moving average of $30.04.
Oceaneering International (NYSE:OII) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Oceaneering International had a return on equity of 11.41% and a net margin of 5.31%. The firm had revenue of $625.50 million for the quarter, compared to analyst estimates of $604.16 million. Analysts forecast that Oceaneering International Inc. will post $0.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.94%. The ex-dividend date was Wednesday, August 24th. Oceaneering International’s payout ratio is currently 73.47%.
A number of analysts have issued reports on OII shares. Seaport Global Securities reiterated an “accumulate” rating on shares of Oceaneering International in a report on Friday, August 19th. Loop Capital started coverage on shares of Oceaneering International in a report on Friday, September 30th. They issued a “buy” rating on the stock. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Oceaneering International in a research note on Tuesday, July 5th. Jefferies Group set a $27.00 price objective on shares of Oceaneering International and gave the stock a “hold” rating in a research note on Monday, July 25th. Finally, Zacks Investment Research raised shares of Oceaneering International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $35.13.
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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