Pacer Advisors Inc. Has $495,000 Stock Holdings in Oceaneering International (NYSE:OII)

Pacer Advisors Inc. cut its position in shares of Oceaneering International (NYSE:OII) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,503 shares of the oil and gas company’s stock after selling 2,822 shares during the period. Pacer Advisors Inc.’s holdings in Oceaneering International were worth $495,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its stake in shares of Oceaneering International by 1.1% during the 2nd quarter. Fisher Asset Management LLC now owns 3,594,899 shares of the oil and gas company’s stock worth $73,300,000 after purchasing an additional 38,087 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Oceaneering International by 56.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,800,526 shares of the oil and gas company’s stock worth $36,713,000 after purchasing an additional 647,261 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Oceaneering International during the 2nd quarter worth about $2,052,000. Isthmus Partners LLC acquired a new position in Oceaneering International in the 2nd quarter valued at about $7,716,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Oceaneering International by 28.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,250 shares of the oil and gas company’s stock valued at $1,086,000 after buying an additional 11,850 shares during the last quarter. Institutional investors own 95.61% of the company’s stock.

A number of brokerages recently commented on OII. Citigroup decreased their price target on shares of Oceaneering International from $22.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. ValuEngine lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, Royal Bank of Canada set a $20.00 price target on shares of Oceaneering International and gave the company a “buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.20.

Shares of OII opened at $13.62 on Tuesday. Oceaneering International has a 52 week low of $10.74 and a 52 week high of $23.79. The firm has a market cap of $1.31 billion, a P/E ratio of -19.18 and a beta of 2.19. The firm’s 50-day simple moving average is $13.74 and its 200 day simple moving average is $16.07. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.43.

Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.07). Oceaneering International had a negative net margin of 9.49% and a negative return on equity of 4.38%. The company had revenue of $495.78 million during the quarter, compared to analyst estimates of $524.97 million. During the same quarter last year, the company posted ($0.23) EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities analysts forecast that Oceaneering International will post -0.92 earnings per share for the current year.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas industry, as well as to defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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

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