UBS Group AG decreased its stake in Oceaneering International, Inc. (NYSE:OII) by 32.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 35,367 shares of the oil and gas company’s stock after selling 16,782 shares during the period. UBS Group AG’s holdings in Oceaneering International were worth $958,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Oceaneering International by 91.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,015,114 shares of the oil and gas company’s stock valued at $81,648,000 after buying an additional 1,443,300 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Oceaneering International by 34.6% in the first quarter. Bank of New York Mellon Corp now owns 2,199,714 shares of the oil and gas company’s stock valued at $59,569,000 after buying an additional 565,334 shares in the last quarter. Norges Bank acquired a new position in Oceaneering International during the fourth quarter valued at $44,468,000. Parametric Portfolio Associates LLC boosted its position in Oceaneering International by 48.3% in the first quarter. Parametric Portfolio Associates LLC now owns 1,047,521 shares of the oil and gas company’s stock valued at $28,367,000 after buying an additional 341,334 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Oceaneering International by 8.4% in the first quarter. Van ECK Associates Corp now owns 999,649 shares of the oil and gas company’s stock valued at $27,070,000 after buying an additional 77,534 shares in the last quarter. 98.81% of the stock is owned by institutional investors and hedge funds.
Oceaneering International, Inc. (OII) opened at 24.77 on Thursday. Oceaneering International, Inc. has a one year low of $20.74 and a one year high of $32.12. The stock has a 50 day moving average price of $23.59 and a 200-day moving average price of $26.07. The firm’s market capitalization is $2.43 billion.
Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, April 26th. The oil and gas company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.06. Oceaneering International had a negative net margin of 0.38% and a positive return on equity of 2.72%. The company had revenue of $446.18 million during the quarter, compared to the consensus estimate of $459.57 million. During the same period in the previous year, the business earned $0.26 earnings per share. The firm’s quarterly revenue was down 26.7% on a year-over-year basis. On average, equities analysts forecast that Oceaneering International, Inc. will post ($0.11) earnings per share for the current year.
OII has been the subject of several research analyst reports. Zacks Investment Research raised Oceaneering International from a “sell” rating to a “hold” rating in a research report on Saturday, July 15th. Royal Bank Of Canada reaffirmed a “sell” rating and issued a $30.00 price target on shares of Oceaneering International in a report on Friday, April 21st. Morgan Stanley cut Oceaneering International from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $33.00 to $28.00 in a report on Wednesday, June 21st. Scotiabank set a $37.00 price target on Oceaneering International and gave the company a “buy” rating in a report on Tuesday, June 13th. Finally, Wolfe Research cut Oceaneering International from a “market perform” rating to an “underperform” rating in a report on Tuesday, June 6th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Oceaneering International has a consensus rating of “Hold” and an average target price of $29.00.
About Oceaneering International
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).
Receive News & Ratings for Oceaneering International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
