Lucus Advisors LLC decreased its stake in shares of Oceaneering International Inc. (NYSE:OII) by 26.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,614 shares of the company’s stock after selling 4,211 shares during the period. Lucus Advisors LLC’s holdings in Oceaneering International were worth $347,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. Boys Arnold & Co. Inc. bought a new stake in shares of Oceaneering International during the second quarter worth approximately $239,000. Seven Eight Capital LLC bought a new stake in shares of Oceaneering International during the first quarter worth approximately $246,000. BlueMountain Capital Management LLC bought a new stake in shares of Oceaneering International during the first quarter worth approximately $265,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Oceaneering International during the first quarter worth approximately $283,000. Finally, Alpha Windward LLC bought a new stake in shares of Oceaneering International during the second quarter worth approximately $362,000. Institutional investors and hedge funds own 97.80% of the company’s stock.
Shares of Oceaneering International Inc. (NYSE:OII) traded up 1.14% on Friday, reaching $27.51. The company had a trading volume of 1,814,343 shares. Oceaneering International Inc. has a 1-year low of $24.33 and a 1-year high of $48.11. The firm has a 50-day moving average price of $26.60 and a 200 day moving average price of $30.41. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 18.88 and a beta of 1.63.
Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The firm had revenue of $625.50 million for the quarter, compared to analysts’ expectations of $604.16 million. Oceaneering International had a return on equity of 11.41% and a net margin of 5.31%. Equities research analysts predict that Oceaneering International Inc. will post $0.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 26th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Wednesday, August 24th. Oceaneering International’s dividend payout ratio (DPR) is 73.47%.
A number of analysts have recently commented on OII shares. Seaport Global Securities restated an “accumulate” rating on shares of Oceaneering International in a research note on Friday, August 19th. Loop Capital initiated coverage on Oceaneering International in a research note on Friday. They issued a “buy” rating on the stock. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Oceaneering International in a research report on Tuesday, July 5th. Jefferies Group set a $27.00 price target on Oceaneering International and gave the stock a “hold” rating in a research report on Monday, July 25th. Finally, Zacks Investment Research upgraded Oceaneering International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $35.13.
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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