Dividend Watching: Oceaneering International, Inc. (NYSE:OII) expected to pay $0.15 on Dec 16, 2016

Dividend Watching:   Oceaneering International, Inc. (NYSE:OII) expected to pay $0.15 on Dec 16, 2016

Oceaneering International, Inc. (NYSE:OII) is expected to pay $0.15 on Dec 16, 2016. The indicated annual dividend is $0.60. Shareholders owning the stock before Nov 22, 2016 will be eligible to receive the payout. Based on Oceaneering International, Inc.’s current price of $25.08, the dividend is 0.60%. This dividend’s record date is Nov 25, 2016 and the announcement date is Oct 28, 2016. The stock decreased 0.56% or $0.14 on November 18, hitting $25.08. Oceaneering International (NYSE:OII) has declined 26.39% since April 19, 2016 and is downtrending. It has underperformed by 30.25% the S&P500.

Oceaneering International, Inc. is an oilfield well-known provider of engineered services and products to the offshore gas and oil industry, with a focus on deep water applications. The company has a market cap of $2.45 billion. The Company’s business divisions include services and products provided to the gas and oil industry , and all other services and products (Advanced Technologies). It has a 39.08 P/E ratio. The Company’s four business divisions within the Oil and Gas business includes Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects and Asset Integrity.

Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.06, from 0.96 in 2016Q1. The ratio fall, as 51 funds sold all Oceaneering International shares owned while 107 reduced positions. 43 funds bought stakes while 109 increased positions. They now own 94.03 million shares or 5.13% less from 99.12 million shares in 2016Q1.
The California-based California Public Employees Retirement System has invested 0.02% in Oceaneering International (NYSE:OII). Moreover, Dimensional Fund Advsr Limited Partnership has 0.03% invested in Oceaneering International (NYSE:OII) for 1.46 million shares. Texas Permanent School Fund accumulated 74,978 shares or 0.03% of the stock. Piedmont Invest Llc holds 668,216 shares or 0% of its portfolio. Tci Wealth Advsr has 0% invested in the company for 76 shares. Sei Invests Company holds 37,135 shares or 0.01% of its portfolio. The Ontario – Canada-based Breton Hill Cap has invested 0.5% in Oceaneering International (NYSE:OII). Highbridge Capital Mgmt Ltd holds 182,188 shares or 0.09% of its portfolio. Fmr Limited Com holds 14.60M shares or 0.06% of its portfolio. The United Kingdom-based Lmr Llp has invested 0.28% in Oceaneering International (NYSE:OII). Moreover, State Treasurer State Of Michigan has 0.01% invested in Oceaneering International (NYSE:OII) for 39,400 shares. Evercore Wealth Mngmt Ltd Llc holds 156 shares or 0% of its portfolio. Northern Corp has invested 0.01% of its portfolio in Oceaneering International (NYSE:OII). The Illinois-based Guggenheim Capital Llc has invested 0.01% in Oceaneering International (NYSE:OII). Moreover, Neuberger Berman Group Inc Ltd Liability Corporation has 0.05% invested in Oceaneering International (NYSE:OII) for 1.28M shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 2 insider sales for $743,965 net activity. COLLINS T JAY sold 20,000 shares worth $660,840. KREIDER JOHN R sold 3,501 shares worth $83,125.

Oceaneering International (NYSE:OII) Ratings Coverage

Out of 16 analysts covering Oceaneering International (NYSE:OII), 5 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 31% are positive. Oceaneering International has been the topic of 27 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was downgraded by Cowen & Co on Friday, October 30 to “Market Perform”. Jefferies upgraded Oceaneering International (NYSE:OII) on Thursday, July 23 to “Hold” rating. The firm has “Market Perform” rating given on Monday, May 2 by Cowen & Co. The rating was maintained by Jefferies on Monday, July 11 with “Hold”. The stock of Oceaneering International (NYSE:OII) earned “Hold” rating by Gabelli on Friday, October 16. The stock of Oceaneering International (NYSE:OII) has “Buy” rating given on Monday, November 30 by Guggenheim. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, September 15. The firm has “Neutral” rating given on Tuesday, September 27 by Citigroup. The firm earned “Underweight” rating on Wednesday, June 22 by JP Morgan. On Tuesday, July 28 the stock rating was upgraded by Global Hunter Securities to “Buy”.

More notable recent Oceaneering International (NYSE:OII) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Cabot, Schweitzer-Mauduit International and Oceaneering …” on November 18, 2016, also Fool.com with their article: “Oceaneering International Inc.’s Financial Results Continue to Sink” published on October 28, 2016, Fool.com published: “Oceaneering International’s Stock Slid 12% in October After Tough Earnings Report” on November 08, 2016. More interesting news about Oceaneering International (NYSE:OII) were released by: Zacks.com and their article: “What Falling Estimates amp; Price Mean for Oceaneering International (OII)” published on November 04, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Oceaneering International sets regular quarterly dividend of $0.15pe…” with publication date: October 28, 2016.

OII Company Profile

Oceaneering International, Inc., incorporated on June 20, 1969, is an oilfield well-known provider of engineered services and products to the offshore gas and oil industry, with a focus on deep water applications. The Company’s business divisions include services and products provided to the gas and oil industry (Oilfield), and all other services and products (Advanced Technologies). The Company’s four business divisions within the Oil and Gas business are Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects and Asset Integrity. The Firm also provides remote asset management software services. The services and products provide to the gas and oil industry include remotely operated vehicles, specialty subsea hardware, engineering and project management, subsea intervention services, including manned diving, and asset integrity and non-destructive testing services. The Company’s foreign activities are principally focused in the North Sea, Africa, Brazil, Australia and Asia.

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