Oceaneering International (NYSE:OII) CEO Roderick Larson Sells 5,000 Shares

Oceaneering International, Inc. (NYSE:OIIGet Free Report) CEO Roderick Larson sold 5,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $38.27, for a total value of $191,350.00. Following the sale, the chief executive officer directly owned 397,279 shares of the company’s stock, valued at approximately $15,203,867.33. This represents a 1.24% 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 hyperlink.

Oceaneering International Trading Down 1.4%

Shares of NYSE OII traded down $0.55 during mid-day trading on Tuesday, hitting $37.99. 498,126 shares of the company traded hands, compared to its average volume of 1,223,427. Oceaneering International, Inc. has a 1 year low of $18.45 and a 1 year high of $40.12. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 11.27 and a beta of 1.17. The company has a quick ratio of 1.79, a current ratio of 2.08 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average of $36.43 and a two-hundred day moving average of $30.76.

Oceaneering International (NYSE:OIIGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Oceaneering International had a net margin of 12.12% and a return on equity of 18.35%. The business had revenue of $692.43 million for the quarter, compared to analysts’ expectations of $671.35 million. During the same quarter in the prior year, the firm posted $0.43 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Oceaneering International, Inc. will post 1.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OII. Weiss Ratings upgraded Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Wall Street Zen downgraded Oceaneering International from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Citigroup lifted their price target on Oceaneering International from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. Barclays lifted their price target on Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Finally, Zacks Research downgraded Oceaneering International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $36.67.

Read Our Latest Analysis on OII

Institutional Trading of Oceaneering International

Several large investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Oceaneering International in the 3rd quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in Oceaneering International by 335.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 1,111 shares in the last quarter. Quarry LP bought a new stake in Oceaneering International in the third quarter valued at $30,000. SBI Securities Co. Ltd. raised its stake in Oceaneering International by 255.1% during the third quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in Oceaneering International by 47.5% during the third quarter. Bessemer Group Inc. now owns 1,952 shares of the oil and gas company’s stock worth $48,000 after acquiring an additional 629 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

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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