Christopher Dyer Sells 6,000 Shares of Oceaneering International (NYSE:OII) Stock

Oceaneering International, Inc. (NYSE:OIIGet Free Report) SVP Christopher Dyer sold 6,000 shares of Oceaneering International stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $38.08, for a total transaction of $228,480.00. Following the completion of the transaction, the senior vice president directly owned 15,902 shares of the company’s stock, valued at $605,548.16. The trade was a 27.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Oceaneering International Trading Down 0.8%

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

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. SummerHaven Investment Management LLC purchased a new stake in Oceaneering International in the 3rd quarter valued at about $967,000. Essex Investment Management Co. LLC increased its position in shares of Oceaneering International by 58.7% during the third quarter. Essex Investment Management Co. LLC now owns 159,261 shares of the oil and gas company’s stock worth $3,946,000 after acquiring an additional 58,925 shares during the period. SG Americas Securities LLC raised its stake in shares of Oceaneering International by 1,377.0% during the third quarter. SG Americas Securities LLC now owns 156,547 shares of the oil and gas company’s stock valued at $3,879,000 after acquiring an additional 145,948 shares in the last quarter. CenterBook Partners LP bought a new stake in shares of Oceaneering International during the third quarter valued at approximately $409,000. Finally, Greenhouse Funds LLLP boosted its holdings in shares of Oceaneering International by 9.9% in the second quarter. Greenhouse Funds LLLP now owns 2,491,803 shares of the oil and gas company’s stock valued at $51,630,000 after purchasing an additional 223,724 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on OII

Oceaneering International News Summary

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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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