Economy

Oceaneering International, Inc. (OII) Shares Bought by Arizona State Retirement System

Jpmorgan Chase & reported 0% of its portfolio in Oceaneering International (NYSE:OII). Nationwide Fund Advisors now owns 177,448 shares of the oil and gas company's stock valued at $4,805,000 after buying an additional 3,408 shares during the last quarter. Eaton Vance Management owned about 3.12% of Oceaneering International worth $70,085,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 99.71% of the company's stock. Verition Fund Management LLC purchased a new stake in Oceaneering International during the 2nd quarter worth about $307,000. Monroe Bank & Trust MI increased its stake in Oceaneering International by 0.4% in the 1st 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 purchasing an additional 565,334 shares in the last quarter. State Treasurer State of MI increased its stake in Oceaneering International by 0.8% in the 1st quarter. State Treasurer State of MI now owns 39,800 shares of the oil and gas company's stock worth $1,078,000 after purchasing an additional 300 shares during the period. As of the end of the quarter Aristotle Capital Boston, LLC had bought a total of 34,832 shares growing its position 22.9%. Majedie Asset Management Ltd owns 654,401 shares valued at $14,947,000. Finally, Nationwide Fund Advisors boosted its position in Oceaneering International by 2.0% in the 1st quarter. Oceaneering Intl Inc now has $2.56B valuation. State Of Wisconsin Invest Board has invested 0.03% in Oceaneering International (NYSE:OII). (NYSE:OII) traded up 4.49% during midday trading on Tuesday, reaching $28.42. Nuveen Asset Limited Liability Company accumulated 39,153 shares. The stock has a 50 day moving average of $23.85 and a 200-day moving average of $25.03. Oceaneering International, Inc. has a 12 month low of $20.74 and a 12 month high of $32.12. The firm has a market cap of $2.79 billion, a P/E ratio of 113.68 and a beta of 1.65. Oceaneering International (NYSE:OII) has declined 15.63% since September 13, 2016 and is downtrending.

In the last earnings report the EPS was $-0.29 and is expected to be $-0.04 for the current year with 98,269,000 shares presently outstanding. The firm 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%. The business's revenue for the quarter was down 17.7% on a year-over-year basis. The dividend payment was $0.150 per share for the quarter or $0.60 annualized.

Oceaneering International Inc (OII)'s Williams Percent Range or 14 day Williams %R now sits at -11.16. Additionally Oceaneering International, Inc. announced a dividend for shareholders that was paid on Friday the 15th of September 2017. Shares for $24,763 were bought by BARRETT STEPHEN P on Friday, May 26. The ex-dividend date was Wednesday the 23rd of August 2017. In general, and ADX value from 0-25 would represent an absent or weak trend. Oceaneering International's dividend payout ratio is now -206.90%.

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A number of brokerages have commented on OII. Jefferies Group LLC set a $25.00 price target on shares of Oceaneering International and gave the stock a "hold" rating in a research report on Wednesday, May 17th. Piper Jaffray Companies set a $26.00 price target on Oceaneering International and gave the stock a "buy" rating in a research note on Sunday, July 30th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company.

September 12 investment analysts at JP Morgan left the company rating at "Underweight" but lowered the price target to $21.00 from $23.00. The services and products it provides to the oil and gas industry include remotely operated vehicles, specialty subsea hardware, engineering and project management, subsea intervention services, including manned diving, survey and positioning services and asset integrity and nondestructive testing services.



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