Deprince Race & Zollo Inc. Acquires 8,350 Shares of Oceaneering International, Inc. (OII)

Deprince Race & Zollo Inc. raised its holdings in Oceaneering International, Inc. (NYSE:OII) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 743,920 shares of the oil and gas company’s stock after buying an additional 8,350 shares during the period. Deprince Race & Zollo Inc. owned 0.76% of Oceaneering International worth $19,543,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Shell Asset Management Co. increased its stake in Oceaneering International by 109.1% in the 3rd quarter. Shell Asset Management Co. now owns 53,055 shares of the oil and gas company’s stock valued at $3,458,000 after buying an additional 27,684 shares during the last quarter. SG Americas Securities LLC increased its stake in Oceaneering International by 48.3% in the 2nd quarter. SG Americas Securities LLC now owns 43,819 shares of the oil and gas company’s stock valued at $1,001,000 after buying an additional 14,270 shares during the last quarter. Personal Capital Advisors Corp increased its stake in Oceaneering International by 14.4% in the 3rd quarter. Personal Capital Advisors Corp now owns 93,647 shares of the oil and gas company’s stock valued at $2,460,000 after buying an additional 11,818 shares during the last quarter. Schroder Investment Management Group increased its stake in Oceaneering International by 10.0% in the 2nd quarter. Schroder Investment Management Group now owns 425,177 shares of the oil and gas company’s stock valued at $9,635,000 after buying an additional 38,535 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Oceaneering International by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 8,459,942 shares of the oil and gas company’s stock valued at $193,226,000 after buying an additional 81,313 shares during the last quarter. Hedge funds and other institutional investors own 99.87% of the company’s stock.

OII has been the topic of several recent research reports. Barclays PLC initiated coverage on shares of Oceaneering International in a research note on Friday, October 6th. They issued an “equal weight” rating and a $28.00 price target on the stock. Piper Jaffray Companies reiterated an “overweight” rating and issued a $28.00 price target (up from $26.00) on shares of Oceaneering International in a research note on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “sell” rating and issued a $25.00 price target on shares of Oceaneering International in a research note on Thursday, July 20th. J P Morgan Chase & Co lowered 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 note on Tuesday, September 12th. Finally, ValuEngine upgraded shares of Oceaneering International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $24.84.

In other Oceaneering International news, Director Paul B. Murphy, Jr. sold 2,000 shares of Oceaneering International stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $26.34, for a total value 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 Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is owned by insiders.

Shares of Oceaneering International, Inc. (NYSE OII) traded down $0.16 during mid-day trading on Thursday, hitting $19.44. 1,384,700 shares of the company traded hands, compared to its average volume of 1,389,647. The company has a market cap of $1,926.27, a P/E ratio of 653.33 and a beta of 1.64. The company has a quick ratio of 2.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.53. Oceaneering International, Inc. has a 1-year low of $17.11 and a 1-year high of $32.12.

Oceaneering International (NYSE:OII) last issued its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Oceaneering International had a positive return on equity of 0.21% and a negative net margin of 0.94%. The business had revenue of $476.12 million during the quarter, compared to analyst estimates of $511.14 million. During the same quarter last year, the firm earned $0.17 EPS. Oceaneering International’s revenue for the quarter was down 13.3% compared to the same quarter last year. equities research analysts anticipate that Oceaneering International, Inc. will post -0.08 earnings per share for the current fiscal year.

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

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