UBS Asset Management Americas Inc. lifted its holdings in shares of Oceaneering International, Inc. (NYSE:OII) by 8.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,714 shares of the oil and gas company’s stock after purchasing an additional 7,040 shares during the period. UBS Asset Management Americas Inc. owned about 0.10% of Oceaneering International worth $2,140,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Isthmus Partners LLC increased its stake in shares of Oceaneering International by 0.6% during the 2nd quarter. Isthmus Partners LLC now owns 207,371 shares of the oil and gas company’s stock worth $4,736,000 after purchasing an additional 1,192 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Oceaneering International by 3.8% during the 2nd quarter. Lazard Asset Management LLC now owns 2,233,521 shares of the oil and gas company’s stock worth $51,013,000 after purchasing an additional 80,740 shares in the last quarter. Stevens Capital Management LP purchased a new position in shares of Oceaneering International during the 2nd quarter worth approximately $1,260,000. Amalgamated Bank increased its stake in shares of Oceaneering International by 23.5% during the 2nd quarter. Amalgamated Bank now owns 19,164 shares of the oil and gas company’s stock worth $438,000 after purchasing an additional 3,642 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of Oceaneering International by 2.9% during the 2nd quarter. Nationwide Fund Advisors now owns 182,589 shares of the oil and gas company’s stock worth $4,170,000 after purchasing an additional 5,141 shares in the last quarter. 99.68% of the stock is owned by institutional investors and hedge funds.
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In other Oceaneering International news, VP W Cardon Gerner sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $25.76, for a total value of $51,520.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.91% of the stock is currently owned by corporate insiders.
Shares of Oceaneering International, Inc. (NYSE:OII) opened at 25.49 on Monday. The firm has a 50-day moving average of $25.14 and a 200 day moving average of $24.90. The stock’s market capitalization is $2.50 billion. Oceaneering International, Inc. has a 1-year low of $20.74 and a 1-year high of $32.12.
Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. Oceaneering International had a negative net margin of 1.41% and a positive return on equity of 1.14%. The business had revenue of $515.04 million for the quarter, compared to analyst estimates of $481.86 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The firm’s revenue was down 17.7% compared to the same quarter last year. On average, equities analysts anticipate that Oceaneering International, Inc. will post ($0.03) earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the stock. Cowen and Company reissued a “hold” rating and set a $25.00 price objective on shares of Oceaneering International in a research note on Tuesday, July 11th. Piper Jaffray Companies set a $26.00 price objective on shares of Oceaneering International and gave the stock a “buy” rating in a research note on Sunday, July 30th. Zacks Investment Research cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. BidaskClub cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Morgan Stanley cut shares of Oceaneering International from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $33.00 to $28.00 in a research note on Wednesday, June 21st. Five analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $28.75.
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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