Janus Henderson Group PLC Buys 248,318 Shares of Oceaneering International (NYSE:OII)

Janus Henderson Group PLC lifted its holdings in shares of Oceaneering International (NYSE:OII) by 24.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,252,216 shares of the oil and gas company’s stock after buying an additional 248,318 shares during the period. Janus Henderson Group PLC owned approximately 1.27% of Oceaneering International worth $32,896,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in OII. Vanguard Group Inc. lifted its holdings in Oceaneering International by 1.0% in the second quarter. Vanguard Group Inc. now owns 8,459,942 shares of the oil and gas company’s stock valued at $193,226,000 after acquiring an additional 81,313 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Oceaneering International by 17.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,936,686 shares of the oil and gas company’s stock valued at $129,688,000 after acquiring an additional 731,348 shares during the period. Eaton Vance Management lifted its holdings in Oceaneering International by 20.4% in the second quarter. Eaton Vance Management now owns 3,068,529 shares of the oil and gas company’s stock valued at $70,085,000 after acquiring an additional 519,289 shares during the period. Lazard Asset Management LLC lifted its holdings in Oceaneering International by 3.8% in the second quarter. Lazard Asset Management LLC now owns 2,233,521 shares of the oil and gas company’s stock valued at $51,013,000 after acquiring an additional 80,740 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Oceaneering International by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 2,231,141 shares of the oil and gas company’s stock worth $58,612,000 after buying an additional 41,844 shares during the period. 99.69% of the stock is currently owned by institutional investors.

Shares of Oceaneering International (NYSE OII) traded down $0.62 during trading on Friday, hitting $22.44. The stock had a trading volume of 1,452,055 shares, compared to its average volume of 1,260,000. Oceaneering International has a 12-month low of $17.11 and a 12-month high of $29.53. The company has a current ratio of 2.67, a quick ratio of 2.14 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2,210.00, a PE ratio of -118.11 and a beta of 1.62.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to the consensus estimate of $511.14 million. During the same period in the prior year, the business posted $0.17 earnings per share. Oceaneering International’s revenue was down 13.3% on a year-over-year basis. equities analysts expect that Oceaneering International will post -0.09 EPS for the current year.

Several research analysts have recently commented on OII shares. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Oceaneering International in a research note on Tuesday, October 3rd. Barclays started coverage on Oceaneering International in a research note on Friday, October 6th. They issued an “equal weight” rating and a $28.00 price objective on the stock. Cowen set a $28.00 price objective on Oceaneering International and gave the stock a “hold” rating in a research note on Friday, October 6th. Deutsche Bank assumed coverage on Oceaneering International in a research note on Tuesday, October 10th. They issued a “hold” rating and a $28.00 price objective on the stock. Finally, ValuEngine cut Oceaneering International from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.10.

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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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