Oceaneering International, Inc. (NYSE:OII) VP W Cardon Gerner sold 2,000 shares of Oceaneering International stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $25.76, for a total transaction of $51,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Oceaneering International, Inc. (NYSE OII) traded down 2.75% during trading on Thursday, reaching $25.80. 1,338,465 shares of the company were exchanged. The company has a 50 day moving average price of $23.97 and a 200-day moving average price of $24.92. The stock’s market capitalization is $2.54 billion. Oceaneering International, Inc. has a one year low of $20.74 and a one year high of $32.12.

Oceaneering International (NYSE:OII) last announced 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 consensus estimate of ($0.01) by $0.03. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. The business had revenue of $515.04 million during the quarter, compared to the consensus estimate of $481.86 million. During the same quarter last year, the firm posted $0.23 EPS. The company’s quarterly revenue was down 17.7% on a year-over-year basis. Equities analysts predict that Oceaneering International, Inc. will post ($0.04) EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, August 23rd. Oceaneering International’s dividend payout ratio is -206.90%.

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Institutional investors have recently made changes to their positions in the business. Westpac Banking Corp acquired a new stake in Oceaneering International during the 1st quarter valued at $144,000. Pacad Investment Ltd. lifted its holdings in Oceaneering International by 231.3% during 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 holdings in Oceaneering International by 18.4% during 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 holdings in Oceaneering International by 4.0% during 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. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Oceaneering International by 7.7% during 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. 99.71% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on the stock. Cowen and Company set a $28.00 target price on shares of Oceaneering International and gave the company a “hold” rating in a research note on Friday, August 4th. Piper Jaffray Companies set a $26.00 target price on shares of Oceaneering International and gave the company a “buy” rating in a research note on Sunday, July 30th. Scotiabank set a $37.00 price target on shares of Oceaneering International and gave the company a “buy” rating in a research report on Friday, July 28th. Wolfe Research lowered shares of Oceaneering International from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 6th. Finally, J P Morgan Chase & Co dropped their price target on shares of Oceaneering International from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 12th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $28.55.

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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