Oceaneering International (NYSE:OII) SVP Christopher Dyer Sells 1,200 Shares

Oceaneering International, Inc. (NYSE:OII) SVP Christopher Dyer sold 1,200 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $47.65, for a total transaction of $57,180.00. Following the transaction, the senior vice president owned 14,702 shares of the company’s stock, valued at approximately $700,550.30. The trade was a 7.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Oceaneering International Stock Performance

Shares of OII stock opened at $48.77 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.90 and a current ratio of 2.18. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 14.01 and a beta of 1.15. Oceaneering International, Inc. has a 52 week low of $20.79 and a 52 week high of $53.98. The firm’s 50-day simple moving average is $40.83 and its two-hundred day simple moving average is $36.78.

Hedge Funds Weigh In On Oceaneering International

Several hedge funds have recently made changes to their positions in the stock. Leuthold Group LLC bought a new stake in shares of Oceaneering International during the 4th quarter valued at $3,548,000. Vanguard Group Inc. boosted its stake in Oceaneering International by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,371,147 shares of the oil and gas company’s stock worth $297,279,000 after purchasing an additional 187,707 shares during the period. Brandywine Global Investment Management LLC bought a new position in Oceaneering International in the 4th quarter worth about $5,489,000. Fifth Third Bancorp grew its holdings in Oceaneering International by 6,782.5% during the 1st quarter. Fifth Third Bancorp now owns 29,526 shares of the oil and gas company’s stock valued at $1,047,000 after buying an additional 29,097 shares in the last quarter. Finally, CenterBook Partners LP increased its position in shares of Oceaneering International by 506.8% during the fourth quarter. CenterBook Partners LP now owns 100,220 shares of the oil and gas company’s stock valued at $2,408,000 after buying an additional 83,705 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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