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

August 12, 2018 - By Pearl Odom

Oceaneering International, Inc. (NYSE:OII) LogoInvestors sentiment increased to 1.19 in Q1 2018. 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. Royal Financial Bank Of Canada holds 253,889 shares. Foundry Ptnrs Ltd Liability Co has 0.01% invested in Oceaneering International, Inc. (NYSE:OII) for 18,160 shares. Prudential Fin Inc holds 0% or 61,056 shares in its portfolio. Eaton Vance invested 0.06% of its portfolio in Oceaneering International, Inc. (NYSE:OII). Sg Americas Secs Limited Liability Company has invested 0% of its portfolio in Oceaneering International, Inc. (NYSE:OII). Tortoise Advsr Ltd Limited Liability Company accumulated 27 shares. State Street Corp holds 0.01% or 3.22 million shares. Cadence Capital Mgmt Ltd Limited Liability Company owns 11,061 shares or 0.01% of their US portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems invested in 0.01% or 26,547 shares. Barclays Public Limited Liability Company accumulated 439,944 shares. J Goldman And Ltd Partnership owns 0.19% invested in Oceaneering International, Inc. (NYSE:OII) for 235,601 shares. State Treasurer State Of Michigan holds 0.01% in Oceaneering International, Inc. (NYSE:OII) or 35,900 shares. The Illinois-based Optimum Invest Advsrs has invested 0% in Oceaneering International, Inc. (NYSE:OII). Lazard Asset Management invested in 3.84M shares. Parametric Portfolio Associates invested in 0.02% or 870,340 shares.

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 $2.60B 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. The firm earned “Hold” rating on Wednesday, March 14 by Jefferies. On Thursday, May 24 the stock rating was upgraded by Wells Fargo to “Market Perform”. Piper Jaffray maintained Oceaneering International, Inc. (NYSE:OII) rating on Sunday, February 25. Piper Jaffray has “Hold” rating and $16.85 target. On Monday, May 14 the stock rating was upgraded by Goldman Sachs to “Buy”. Wells Fargo maintained the stock with “Market Perform” rating in Friday, July 27 report. On Tuesday, March 13 the stock rating was maintained by Cowen & Co with “Hold”. As per Tuesday, February 27, the company rating was maintained by Loop Capital. As per Tuesday, February 27, the company rating was maintained by Barclays Capital. The rating was maintained by Cowen & Co on Friday, April 13 with “Hold”. The stock of Oceaneering International, Inc. (NYSE:OII) has “Neutral” rating given on Friday, July 27 by Credit Suisse.

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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