Oceaneering International, Inc. (NYSE:OII) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its position in shares of Oceaneering International, Inc. (NYSE:OII) by 10.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 108,680 shares of the oil and gas company’s stock after selling 13,092 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Oceaneering International were worth $1,692,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of OII. Van ECK Associates Corp raised its holdings in Oceaneering International by 111.1% during the second quarter. Van ECK Associates Corp now owns 5,109,874 shares of the oil and gas company’s stock worth $79,561,000 after purchasing an additional 2,688,846 shares during the last quarter. Morgan Stanley raised its holdings in Oceaneering International by 189.0% during the second quarter. Morgan Stanley now owns 1,353,029 shares of the oil and gas company’s stock worth $21,067,000 after purchasing an additional 884,814 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Oceaneering International by 8.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,028,075 shares of the oil and gas company’s stock worth $62,718,000 after purchasing an additional 316,530 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Oceaneering International by 525.9% during the second quarter. BNP Paribas Arbitrage SA now owns 318,344 shares of the oil and gas company’s stock worth $4,957,000 after purchasing an additional 267,481 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in Oceaneering International by 2,238.6% during the second quarter. Teacher Retirement System of Texas now owns 260,781 shares of the oil and gas company’s stock worth $4,060,000 after buying an additional 249,630 shares in the last quarter. 86.55% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International stock opened at $11.79 on Thursday. The company has a quick ratio of 2.34, a current ratio of 2.63 and a debt-to-equity ratio of 1.35. The business’s fifty day moving average is $13.36. The stock has a market capitalization of $1.18 billion, a P/E ratio of -33.68 and a beta of 3.30. Oceaneering International, Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $18.20.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, October 27th. The oil and gas company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.06). The company had revenue of $466.81 million for the quarter, compared to analysts’ expectations of $485.42 million. Oceaneering International had a positive return on equity of 2.44% and a negative net margin of 1.94%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.18) EPS. Research analysts anticipate that Oceaneering International, Inc. will post 0.24 earnings per share for the current fiscal year.

Oceaneering International Company Profile

Oceaneering International, Inc engages in the provision of engineered services and products. It operates through the following business segments: Subsea Robotics, Manufactured Products, Offshore Projects Group (OPG), Integrity Management & Digital Solutions (IMDS), and Aerospace and Defense Technologies (ADTech).

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

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