Oceaneering International, Inc. (OII) Stake Lifted by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in shares of Oceaneering International, Inc. (NYSE:OII) by 14.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,837 shares of the oil and gas company’s stock after buying an additional 19,632 shares during the quarter. Wells Fargo & Company MN owned about 0.16% of Oceaneering International worth $3,536,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pacad Investment Ltd. lifted its stake in shares of Oceaneering International by 231.3% in the 2nd quarter. Pacad Investment Ltd. now owns 5,300 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 3,700 shares during the last quarter. LS Investment Advisors LLC lifted its stake in shares of Oceaneering International by 18.4% in the 2nd quarter. LS Investment Advisors LLC now owns 7,650 shares of the oil and gas company’s stock valued at $175,000 after purchasing an additional 1,188 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Oceaneering International by 4.0% in the 1st quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock valued at $211,000 after purchasing an additional 300 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Oceaneering International by 7.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,814 shares of the oil and gas company’s stock valued at $212,000 after purchasing an additional 560 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Oceaneering International by 3.2% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,605 shares of the oil and gas company’s stock worth $242,000 after acquiring an additional 330 shares during the last quarter. Institutional investors and hedge funds own 99.58% of the company’s stock.

OII has been the subject of a number of research analyst reports. Zacks Investment Research lowered Oceaneering International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. BidaskClub raised Oceaneering International from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. Cowen and Company reaffirmed a “hold” rating and set a $25.00 target price on shares of Oceaneering International in a research report on Tuesday, July 11th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Oceaneering International in a research report on Thursday, July 20th. Finally, Royal Bank Of Canada reaffirmed a “sell” rating and set a $25.00 target price on shares of Oceaneering International in a research report on Thursday, July 20th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. Oceaneering International presently has a consensus rating of “Hold” and an average price target of $28.75.

In other Oceaneering International news, Director Paul B. Murphy, Jr. sold 2,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $26.34, for a total value of $52,680.00. Following the completion of the transaction, the director now owns 16,600 shares in the company, valued at approximately $437,244. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

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Oceaneering International, Inc. (OII) traded down 4.65% during trading on Friday, reaching $18.44. The company had a trading volume of 442,666 shares. The stock’s market capitalization is $1.81 billion. The firm has a 50-day moving average of $25.44 and a 200-day moving average of $24.79. Oceaneering International, Inc. has a 1-year low of $18.22 and a 1-year high of $32.12.

Oceaneering International (NYSE:OII) last posted its earnings results on Wednesday, October 25th. The oil and gas company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Oceaneering International had a positive return on equity of 0.21% and a negative net margin of 0.94%. The firm had revenue of $476.12 million during the quarter, compared to the consensus estimate of $511.14 million. During the same quarter last year, the company posted $0.17 EPS. Oceaneering International’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, analysts anticipate that Oceaneering International, Inc. will post ($0.03) EPS for the current fiscal year.

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).

Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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