Mason Street Advisors LLC purchased a new position in Oceaneering International Inc. (NYSE:OII) during the second quarter, Holdings Channel reports. The institutional investor purchased 44,719 shares of the company’s stock, valued at approximately $1,335,000.
A number of other hedge funds have also recently made changes to their positions in the company. 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 during the period. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Oceaneering International during the second quarter worth about $173,000. LPL Financial LLC purchased a new stake in shares of Oceaneering International during the first quarter worth about $205,000. Pacer Advisors Inc. purchased a new stake in shares of Oceaneering International during the second quarter worth about $206,000. Finally, 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 during the period. 97.80% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Oceaneering International Inc. (NYSE:OII) opened at 24.62 on Wednesday. Oceaneering International Inc. has a 12 month low of $24.62 and a 12 month high of $48.11. The firm has a market capitalization of $2.41 billion, a PE ratio of 16.90 and a beta of 1.63. The firm’s 50 day moving average is $27.08 and its 200-day moving average is $30.66.
Oceaneering International (NYSE:OII) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.27 EPS for the quarter, missing the 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 business earned $625.50 million during the quarter, compared to analysts’ expectations of $604.16 million. On average, analysts expect that Oceaneering International Inc. will post $0.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.08 annualized dividend and a dividend yield of 4.39%. Oceaneering International’s dividend payout ratio is presently 73.47%.
A number of brokerages recently issued reports on OII. Jefferies Group set a $27.00 price target on shares of Oceaneering International and gave the stock a “hold” rating in a report on Monday, July 25th. Zacks Investment Research downgraded shares of Oceaneering International from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Royal Bank Of Canada decreased their price objective on shares of Oceaneering International from $32.00 to $28.00 and set a “sector perform” rating on the stock in a report on Thursday, September 15th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $27.00 price objective on shares of Oceaneering International in a report on Thursday, June 2nd. Finally, Stephens reaffirmed a “top pick” rating on shares of Oceaneering International in a report on Friday, July 15th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $35.55.
In other Oceaneering International news, VP Stephen P. Barrett acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The shares were acquired at an average cost of $28.91 per share, for a total transaction of $28,910.00. Following the transaction, the vice president now directly owns 21,718 shares of the company’s stock, valued at $627,867.38. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.
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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