Oceaneering International, Inc. (OII) Shares Bought by Texas Permanent School Fund

Texas Permanent School Fund increased its stake in Oceaneering International, Inc. (NYSE:OII) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,740 shares of the oil and gas company’s stock after buying an additional 735 shares during the period. Texas Permanent School Fund owned 0.07% of Oceaneering International worth $1,639,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in OII. Westpac Banking Corp bought a new stake in shares of Oceaneering International during the first quarter valued at approximately $144,000. LS Investment Advisors LLC increased its stake in shares of Oceaneering International by 18.4% in the second quarter. LS Investment Advisors LLC now owns 7,650 shares of the oil and gas company’s stock valued at $175,000 after buying an additional 1,188 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Oceaneering International by 4.0% in the first quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock valued at $211,000 after buying an additional 300 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Oceaneering International by 7.7% in the first 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 buying an additional 560 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Oceaneering International during the first quarter valued at approximately $259,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Oceaneering International, Inc. (OII) opened at 23.16 on Tuesday. The company’s market capitalization is $2.28 billion. The company has a 50 day moving average of $23.83 and a 200 day moving average of $25.65. 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 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $515.04 million during the quarter, compared to analyst estimates of $481.86 million. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. Oceaneering International’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. On average, analysts predict that Oceaneering International, Inc. will post ($0.04) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Wednesday, August 23rd. Oceaneering International’s payout ratio is currently -206.90%.

A number of analysts have recently issued reports on OII shares. Scotiabank set a $37.00 price objective on shares of Oceaneering International and gave the company a “buy” rating in a report on Tuesday, June 13th. Piper Jaffray Companies set a $26.00 price objective on shares of Oceaneering International and gave the company a “buy” rating in a report on Sunday, July 30th. Zacks Investment Research upgraded shares of Oceaneering International from a “sell” rating to a “hold” rating in a report on Saturday, July 15th. Cowen and Company reiterated a “hold” rating and issued a $25.00 price objective on shares of Oceaneering International in a report on Tuesday, July 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $25.00 price objective on shares of Oceaneering International in a report on Monday, June 19th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $28.50.

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).