Legal & General Group Plc Decreased Oceaneering Intl Inc (NYSE:OII) Stake By $12.13 Million

August 12, 2018 - By Carol Mulligan

Oceaneering International, Inc. (NYSE:OII) LogoInvestors sentiment increased to 1.19 in Q1 2018. Its up 0.31, from 0.88 in 2017Q4. It is positive, as 20 investors sold OII shares while 70 reduced holdings. 24 funds opened positions while 83 raised stakes. 99.69 million shares or 4.84% more from 95.10 million shares in 2017Q4 were reported. Moneta Grp Incorporated Invest Advsr Ltd Liability, Missouri-based fund reported 80 shares. Sei has 99,623 shares for 0.01% of their portfolio. 30,950 were accumulated by Hsbc Holdg Public Ltd Company. Putnam Invs Ltd invested 0% of its portfolio in Oceaneering International, Inc. (NYSE:OII). Benjamin F Edwards & Com reported 0% stake. Oldfield Prtn Llp holds 55,420 shares or 0.09% of its portfolio. Louisiana State Employees Retirement Sys stated it has 25,900 shares or 0.02% of all its holdings. Utd Automobile Association has 0% invested in Oceaneering International, Inc. (NYSE:OII) for 14,799 shares. Suntrust Banks reported 0.02% stake. Eaton Vance has invested 0.06% of its portfolio in Oceaneering International, Inc. (NYSE:OII). Goldman Sachs Gp Inc reported 1.37M shares stake. Schwab Charles Inv Management invested 0.01% of its portfolio in Oceaneering International, Inc. (NYSE:OII). Fifth Third National Bank & Trust holds 1,091 shares. Mackay Shields Limited Liability Co has 69,883 shares. Eagle Boston Mngmt has invested 0.41% of its portfolio in Oceaneering International, Inc. (NYSE:OII).

Legal & General Group Plc decreased its stake in Oceaneering Intl Inc (NYSE:OII) by 31.34% based on its latest 2018Q2 regulatory filing with the SEC. Legal & General Group Plc sold 485,181 shares as the company’s stock rose 18.70% while stock markets declined. The institutional investor held 1.06M shares of the energy company at the end of 2018Q2, valued at $27.07 million, down from 1.55M at the end of the previous reported quarter. Legal & General Group Plc who had been investing in Oceaneering Intl Inc for a number of months, seems to be less bullish one the $2.60 billion market cap company. The stock increased 0.96% or $0.25 during the last trading session, reaching $26.38. About 607,722 shares traded. Oceaneering International, Inc. (NYSE:OII) has declined 6.95% since August 13, 2017 and is downtrending. It has underperformed by 19.52% the S&P500.

Oceaneering International, Inc. (NYSE:OII) Ratings Coverage

Among 8 analysts covering Oceaneering International (NYSE:OII), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Oceaneering International had 12 analyst reports since February 26, 2018 according to SRatingsIntel. The company was maintained on Monday, February 26 by Wells Fargo. Wells Fargo upgraded the shares of OII in report on Thursday, May 24 to “Market Perform” rating. The rating was upgraded by Goldman Sachs to “Buy” on Monday, May 14. The company was maintained on Friday, July 27 by Credit Suisse. The firm has “Neutral” rating by Credit Suisse given on Monday, February 26. As per Friday, July 27, the company rating was maintained by Wells Fargo. The rating was maintained by Piper Jaffray on Sunday, February 25 with “Hold”. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, February 27. The stock of Oceaneering International, Inc. (NYSE:OII) earned “Hold” rating by Jefferies on Wednesday, March 14. As per Tuesday, March 13, the company rating was maintained by Cowen & Co.

Oceaneering International, Inc. provides engineered services and products to the offshore gas and oil, defense, aerospace, and commercial theme park industries worldwide. The company has market cap of $2.60 billion. The company's Remotely Operated Vehicles segment offers submersible vehicles for drill support, vessel inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services. It has a 28.96 P/E ratio. As of December 31, 2016, this segment owned 280 work-class ROVs.

More news for Oceaneering International, Inc. (NYSE:OII) were recently published by: Nasdaq.com, which released: “Detailed Research: Economic Perspectives on Apptio, RPC, Kansas City Southern, MasTec, Commercial Metals, and …” on August 10, 2018. Benzinga.com‘s article titled: “Preview: Oceaneering International’s Q2 Earnings” and published on July 25, 2018 is yet another important article.

Oceaneering International, Inc. (NYSE:OII) Institutional Positions Chart

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