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 dated 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 transaction, the chief operating officer owned 40,805 shares in the company, valued at $1,504,888.40. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 Trading Down 0.8%

Shares of NYSE:OII traded down $0.31 during midday trading on Thursday, reaching $37.61. 1,160,091 shares of the company’s stock were exchanged, compared to its average volume of 1,291,549. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 10.75 and a beta of 1.26. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week 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 company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.68.

Oceaneering International (NYSE:OIIGet Free Report) last announced its earnings results on Wednesday, February 18th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $678.16 million. During the same quarter in the previous year, the company earned $0.37 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on Oceaneering International

Institutional Investors Weigh In On Oceaneering International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Oceaneering International by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,154 shares of the oil and gas company’s stock worth $1,312,000 after buying an additional 2,633 shares during the period. Empowered Funds LLC boosted its position in Oceaneering International by 1.9% during the first quarter. Empowered Funds LLC now owns 120,776 shares of the oil and gas company’s stock worth $2,634,000 after purchasing an additional 2,310 shares in the last quarter. Strs Ohio acquired a new stake in Oceaneering International in the first quarter valued at $168,000. State of New Jersey Common Pension Fund D boosted its position in shares of Oceaneering International by 13.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 99,181 shares of the oil and gas company’s stock worth $2,055,000 after buying an additional 11,607 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Oceaneering International by 36.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 41,611 shares of the oil and gas company’s stock valued at $862,000 after acquiring an additional 11,103 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Oceaneering International News Roundup

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

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.

Featured Articles

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

Receive News & Ratings for Oceaneering International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International and related companies with MarketBeat.com's FREE daily email newsletter.