Cornerstone Capital Management Holdings LLC. Sells 334,796 Shares of Oceaneering International, Inc. (OII)

Cornerstone Capital Management Holdings LLC. lessened its holdings in Oceaneering International, Inc. (NYSE:OII) by 80.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,912 shares of the oil and gas company’s stock after selling 334,796 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.08% of Oceaneering International worth $1,893,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its position in Oceaneering International by 10,555.3% during the first quarter. BlackRock Inc. now owns 8,513,376 shares of the oil and gas company’s stock worth $230,542,000 after purchasing an additional 8,433,478 shares during the period. Vanguard Group Inc. lifted its position in Oceaneering International by 1.0% during the second quarter. Vanguard Group Inc. now owns 8,459,942 shares of the oil and gas company’s stock worth $193,226,000 after purchasing an additional 81,313 shares during the period. Dimensional Fund Advisors LP lifted its position in Oceaneering International by 39.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,205,338 shares of the oil and gas company’s stock worth $96,049,000 after purchasing an additional 1,190,224 shares during the period. Eaton Vance Management lifted its position in Oceaneering International by 20.4% during the second quarter. Eaton Vance Management now owns 3,068,529 shares of the oil and gas company’s stock worth $70,085,000 after purchasing an additional 519,289 shares during the period. Finally, State Street Corp lifted its position in Oceaneering International by 0.7% during the first quarter. State Street Corp now owns 2,995,000 shares of the oil and gas company’s stock worth $81,101,000 after purchasing an additional 21,246 shares during the period. 99.68% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://ledgergazette.com/2017/10/20/cornerstone-capital-management-holdings-llc-sells-334796-shares-of-oceaneering-international-inc-oii.html.

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

Oceaneering International, Inc. (OII) opened at 24.87 on Friday. Oceaneering International, Inc. has a 52 week low of $20.74 and a 52 week high of $32.12. The firm’s market cap is $2.44 billion. The firm’s 50-day moving average price is $25.37 and its 200 day moving average price is $24.88.

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

Several equities research analysts recently weighed in on the stock. Cowen and Company reaffirmed a “hold” rating and set a $25.00 price objective on shares of Oceaneering International in a research report on Tuesday, July 11th. Piper Jaffray Companies set a $26.00 price objective on shares of Oceaneering International and gave the stock a “buy” rating in a research report on Sunday, July 30th. BidaskClub cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Zacks Investment Research cut shares of Oceaneer

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its position in Oceaneering International by 10,555.3% during the first quarter. BlackRock Inc. now owns 8,513,376 shares of the oil and gas company’s stock worth $230,542,000 after purchasing an additional 8,433,478 shares during the period. Vanguard Group Inc. lifted its position in Oceaneering International by 1.0% during the second quarter. Vanguard Group Inc. now owns 8,459,942 shares of the oil and gas company’s stock worth $193,226,000 after purchasing an additional 81,313 shares during the period. Dimensional Fund Advisors LP lifted its position in Oceaneering International by 39.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,205,338 shares of the oil and gas company’s stock worth $96,049,000 after purchasing an additional 1,190,224 shares during the period. Eaton Vance Management lifted its position in Oceaneering International by 20.4% during the second quarter. Eaton Vance Management now owns 3,068,529 shares of the oil and gas company’s stock worth $70,085,000 after purchasing an additional 519,289 shares during the period. Finally, State Street Corp lifted its position in Oceaneering International by 0.7% during the first quarter. State Street Corp now owns 2,995,000 shares of the oil and gas company’s stock worth $81,101,000 after purchasing an additional 21,246 shares during the period. 99.68% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://ledgergazette.com/2017/10/20/cornerstone-capital-management-holdings-llc-sells-334796-shares-of-oceaneering-international-inc-oii.html.

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

Oceaneering International, Inc. (OII) opened at 24.87 on Friday. Oceaneering International, Inc. has a 52 week low of $20.74 and a 52 week high of $32.12. The firm’s market cap is $2.44 billion. The firm’s 50-day moving average price is $25.37 and its 200 day moving average price is $24.88.

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

Several equities research analysts recently weighed in on the stock. Cowen and Company reaffirmed a “hold” rating and set a $25.00 price objective on shares of Oceaneering International in a research report on Tuesday, July 11th. Piper Jaffray Companies set a $26.00 price objective on shares of Oceaneering International and gave the stock a “buy” rating in a research report on Sunday, July 30th. BidaskClub cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Zacks Investment Research cut shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Oceaneering International in a research report on Thursday, July 20th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $28.75.

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).

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

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