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

August 12, 2018 - By Joseph Norton

Oceaneering International, Inc. (NYSE:OII) LogoInvestors sentiment increased to 1.19 in 2018 Q1. Its up 0.31, from 0.88 in 2017Q4. It increased, 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. Magnetar Financial Ltd Liability Company has invested 0.01% of its portfolio in Oceaneering International, Inc. (NYSE:OII). 357,027 are held by Nordea Management. Schroder Invest holds 575,737 shares. Aqr Mgmt Limited Liability reported 2.80M shares. Thrivent For Lutherans reported 22,322 shares stake. Numerixs Inv Tech stated it has 8,000 shares or 0.04% of all its holdings. Massachusetts-based Bright Rock Capital Mgmt Limited Liability Corp has invested 0.16% in Oceaneering International, Inc. (NYSE:OII). Morgan Stanley accumulated 215,986 shares. D E Shaw & Incorporated reported 0% in Oceaneering International, Inc. (NYSE:OII). Panagora Asset invested 0.03% in Oceaneering International, Inc. (NYSE:OII). Shell Asset Comm, a Netherlands-based fund reported 24,771 shares. Optimum Invest Advsr holds 0% or 400 shares in its portfolio. Putnam Invs Ltd Limited Liability Company reported 22,477 shares stake. Texas Permanent School Fund stated it has 0.02% of its portfolio in Oceaneering International, Inc. (NYSE:OII). Prudential Fincl Incorporated holds 61,056 shares or 0% of its portfolio.

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 1.06 million shares of the energy company at the end of 2018Q2, valued at $27.07 million, down from 1.55 million 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 $2.60B 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. Loop Capital maintained it with “Hold” rating and $19 target in Tuesday, February 27 report. Credit Suisse maintained Oceaneering International, Inc. (NYSE:OII) rating on Monday, February 26. Credit Suisse has “Neutral” rating and $19 target. The company was maintained on Monday, February 26 by Wells Fargo. As per Sunday, February 25, the company rating was maintained by Piper Jaffray. The company was upgraded on Thursday, May 24 by Wells Fargo. The company was upgraded on Monday, May 14 by Goldman Sachs. The stock of Oceaneering International, Inc. (NYSE:OII) earned “Hold” rating by Jefferies on Wednesday, March 14. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, February 27. The company was maintained on Friday, April 13 by Cowen & Co. The stock of Oceaneering International, Inc. (NYSE:OII) earned “Market Perform” rating by Wells Fargo on Friday, July 27.

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

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

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