Benjamin Laura Sells 5,106 Shares of Oceaneering International (NYSE:OII) Stock

Oceaneering International, Inc. (NYSE:OIIGet Free Report) COO Benjamin Laura sold 5,106 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $36.88, for a total transaction of $188,309.28. Following the completion of the sale, the chief operating officer directly owned 40,805 shares of the company’s stock, valued at approximately $1,504,888.40. This trade represents a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Benjamin Laura also recently made the following trade(s):

  • On Wednesday, February 25th, Benjamin Laura sold 33,176 shares of Oceaneering International stock. The stock was sold at an average price of $37.51, for a total value of $1,244,431.76.

Oceaneering International Stock Performance

NYSE OII traded down $0.31 on Thursday, reaching $37.61. The stock had a trading volume of 1,160,091 shares, compared to its average volume of 1,291,549. The business’s 50-day moving average price is $29.03 and its 200 day moving average price is $25.81. Oceaneering International, Inc. has a 12-month low of $15.46 and a 12-month high of $39.00. The stock has a market cap of $3.74 billion, a P/E ratio of 10.75 and a beta of 1.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.68 and a current ratio of 1.99.

Oceaneering International (NYSE:OIIGet Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The oil and gas company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Oceaneering International had a net margin of 12.71% and a return on equity of 21.58%. The company had revenue of $668.57 million for the quarter, compared to analyst estimates of $678.16 million. During the same period in the previous year, the business posted $0.37 earnings per share. Oceaneering International’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Institutional Investors Weigh In On Oceaneering International

Hedge funds have recently modified their holdings of the company. Salomon & Ludwin LLC purchased a new position in shares of Oceaneering International during the 3rd quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Oceaneering International in the third quarter worth about $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of Oceaneering International by 335.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock worth $30,000 after buying an additional 1,111 shares in the last quarter. Quarry LP acquired a new position in shares of Oceaneering International during the 3rd quarter worth approximately $30,000. Finally, SBI Securities Co. Ltd. grew its position in shares of Oceaneering International by 255.1% in the third quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 1,000 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Oceaneering International News Roundup

Here are the key news stories impacting Oceaneering International this week:

Analyst Ratings Changes

Several research firms have recently commented on OII. Barclays raised their price target on Oceaneering International from $23.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday. TD Cowen upped their price target on shares of Oceaneering International from $25.00 to $27.00 and gave the company a “hold” rating in a report on Monday, November 3rd. Weiss Ratings upgraded shares of Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Oceaneering International presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Check Out Our Latest Analysis on OII

Oceaneering International Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Oceaneering International (NYSE:OII)

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