Jennifer Fremont Simons Sells 29,155 Shares of Oceaneering International (NYSE:OII) Stock

Oceaneering International, Inc. (NYSE:OII) SVP Jennifer Fremont Simons sold 29,155 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $26.35, for a total value of $768,234.25. Following the sale, the senior vice president owned 52,344 shares of the company’s stock, valued at $1,379,264.40. This trade represents a 35.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Oceaneering International Stock Up 1.5%

OII traded up $0.40 on Tuesday, hitting $26.57. The company had a trading volume of 902,403 shares, compared to its average volume of 1,149,393. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 11.60 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.68 and a current ratio of 1.97. The stock has a fifty day moving average price of $24.43 and a 200-day moving average price of $23.44. Oceaneering International, Inc. has a 12-month low of $15.46 and a 12-month high of $27.94.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.42 by $0.13. Oceaneering International had a net margin of 8.21% and a return on equity of 22.94%. The business had revenue of $742.90 million during the quarter, compared to analyst estimates of $709.48 million. During the same period in the prior year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

OII has been the subject of several analyst reports. TD Cowen increased their price objective on Oceaneering International from $25.00 to $27.00 and gave the company a “hold” rating in a report on Monday, November 3rd. Barclays upped their target price on Oceaneering International from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 28th. Wall Street Zen raised Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded Oceaneering International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Oceaneering International in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Oceaneering International currently has a consensus rating of “Hold” and an average price target of $25.00.

Institutional Investors Weigh In On Oceaneering International

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in Oceaneering International by 94.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 763,907 shares of the oil and gas company’s stock worth $18,930,000 after buying an additional 371,586 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in shares of Oceaneering International by 210.8% in the third quarter. Tudor Investment Corp ET AL now owns 491,928 shares of the oil and gas company’s stock worth $12,190,000 after acquiring an additional 333,666 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of Oceaneering International in the third quarter worth $248,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Oceaneering International during the third quarter worth $28,000. Finally, NewEdge Advisors LLC acquired a new position in Oceaneering International during the third quarter valued at $471,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Company Profile

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.