Karen Beachy Sells 9,800 Shares of Oceaneering International (NYSE:OII) Stock

Oceaneering International, Inc. (NYSE:OIIGet Free Report) Director Karen Beachy sold 9,800 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $366,618.00. Following the transaction, the director directly owned 22,816 shares in the company, valued at $853,546.56. This represents a 30.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Oceaneering International Price Performance

Shares of OII stock traded down $0.31 during trading on Thursday, hitting $37.61. The company had a trading volume of 1,160,091 shares, compared to its average volume of 1,291,549. The firm has a market capitalization of $3.74 billion, a P/E ratio of 10.75 and a beta of 1.26. Oceaneering International, Inc. has a one year low of $15.46 and a one year high of $39.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.68 and a current ratio of 1.99. The stock’s 50-day moving average price is $29.03 and its 200 day moving average price is $25.81.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on OII shares. Barclays increased 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. Weiss Ratings raised shares of Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. TD Cowen upped 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. Wall Street Zen raised Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Zacks Research raised 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Get Our Latest Stock Report on OII

Oceaneering International News Roundup

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OII. Salomon & Ludwin LLC acquired a new stake in shares of Oceaneering International during the 3rd quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new position in Oceaneering International in the 3rd quarter worth about $28,000. EverSource Wealth Advisors LLC raised its position in Oceaneering International by 335.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 1,111 shares during the last quarter. Quarry LP acquired a new stake in shares of Oceaneering International during the third quarter valued at about $30,000. Finally, SBI Securities Co. Ltd. grew its holdings in shares of 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 purchasing an additional 1,000 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

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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