M Kevin Mcevoy Sells 3,000 Shares of Oceaneering International (NYSE:OII) Stock

Oceaneering International, Inc. (NYSE:OII) Director M Kevin Mcevoy sold 3,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $47.92, for a total transaction of $143,760.00. Following the completion of the transaction, the director directly owned 134,133 shares of the company’s stock, valued at approximately $6,427,653.36. The trade was a 2.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Oceaneering International Stock Performance

Shares of Oceaneering International stock opened at $48.77 on Friday. The company’s 50 day moving average price is $40.83 and its two-hundred day moving average price is $36.78. The firm has a market capitalization of $4.85 billion, a P/E ratio of 14.01 and a beta of 1.15. Oceaneering International, Inc. has a fifty-two week low of $20.79 and a fifty-two week high of $53.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.90.

Institutional Trading of Oceaneering International

Institutional investors have recently bought and sold shares of the company. Annex Advisory Services LLC grew its holdings in Oceaneering International by 29.3% during the 2nd quarter. Annex Advisory Services LLC now owns 67,302 shares of the oil and gas company’s stock worth $2,727,000 after acquiring an additional 15,254 shares during the period. Reinhart Partners LLC. acquired a new position in shares of Oceaneering International in the 2nd quarter valued at about $66,795,000. GAMMA Investing LLC boosted its position in shares of Oceaneering International by 27.1% during the 2nd quarter. GAMMA Investing LLC now owns 5,124 shares of the oil and gas company’s stock valued at $208,000 after purchasing an additional 1,092 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in shares of Oceaneering International by 45.0% during the 2nd quarter. Central Pacific Bank Trust Division now owns 21,696 shares of the oil and gas company’s stock valued at $879,000 after purchasing an additional 6,736 shares in the last quarter. Finally, Chelsea Counsel Co. bought a new stake in shares of Oceaneering International during the 1st quarter valued at about $568,000. Institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OII. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Weiss Ratings upgraded Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. TD Cowen lifted their price target on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Citigroup boosted their price target on Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Finally, Barclays upped their price objective on Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Oceaneering International has an average rating of “Hold” and an average target price of $41.00.

About Oceaneering International

Oceaneering International, Inc is a global provider of engineered services and products primarily to the offshore oil and gas industry, as well as to aerospace, defense, and commercial diving markets. The company specializes in remotely operated vehicles (ROVs), subsea intervention, and inspection services designed to support exploration, production and maintenance activities in challenging underwater environments. In addition to ROV operations, Oceaneering offers asset integrity solutions, specialized tooling, and intervention equipment for pipelines, risers, and flowlines.

Founded in 1964 and headquartered in Houston, Texas, Oceaneering has grown through both organic expansion and strategic acquisitions.