Oceaneering International (NYSE:OII) SVP Sells $57,180.00 in Stock

Oceaneering International, Inc. (NYSE:OII) SVP Christopher Dyer sold 1,200 shares of Oceaneering International stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $47.65, for a total transaction of $57,180.00. Following the completion of the sale, the senior vice president owned 14,702 shares of the company’s stock, valued at approximately $700,550.30. This trade represents a 7.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Oceaneering International Trading Down 0.0%

NYSE OII opened at $48.77 on Monday. Oceaneering International, Inc. has a 12 month low of $20.79 and a 12 month high of $53.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.90. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 14.01 and a beta of 1.15. The company’s fifty day moving average price is $40.83 and its two-hundred day moving average price is $36.85.

Hedge Funds Weigh In On Oceaneering International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley Institutional Investment Advisors LLC bought a new position in Oceaneering International in the 4th quarter worth about $94,847,000. Reinhart Partners LLC. bought a new stake in shares of Oceaneering International during the second quarter valued at approximately $66,795,000. Balyasny Asset Management L.P. raised its holdings in shares of Oceaneering International by 916.6% during the second quarter. Balyasny Asset Management L.P. now owns 1,361,917 shares of the oil and gas company’s stock valued at $28,219,000 after buying an additional 1,227,950 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in shares of Oceaneering International by 210.8% during 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 buying an additional 333,666 shares during the period. Finally, Old West Investment Management LLC boosted its position in shares of Oceaneering International by 128.2% during the fourth quarter. Old West Investment Management LLC now owns 543,271 shares of the oil and gas company’s stock worth $13,055,000 after buying an additional 305,168 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings upgraded Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wall Street Zen raised Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Barclays lifted their target price on Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Citigroup boosted their price target on Oceaneering International from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. Finally, TD Cowen upped their price target on Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $41.00.

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.