Oceaneering International (NYSE:OII) Director M Kevin Mcevoy Sells 3,000 Shares of Stock

Oceaneering International, Inc. (NYSE:OII) Director M Kevin Mcevoy sold 3,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $47.92, for a total transaction of $143,760.00. Following the completion of the sale, the director owned 134,133 shares in the company, valued at $6,427,653.36. This represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Oceaneering International Price Performance

NYSE:OII traded up $1.13 during trading hours on Friday, hitting $48.77. The stock had a trading volume of 729,854 shares, compared to its average volume of 1,197,913. The company has a 50 day simple moving average of $40.63 and a two-hundred day simple moving average of $36.70. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 14.01 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.18 and a quick ratio of 1.90. Oceaneering International, Inc. has a one year low of $20.79 and a one year high of $53.98.

Analyst Ratings Changes

Several equities analysts recently commented on OII shares. Barclays boosted 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. Citigroup raised 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. TD Cowen lifted 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. Wall Street Zen raised Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Weiss Ratings upgraded shares of Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.00.

Institutional Trading of Oceaneering International

A number of hedge funds have recently made changes to their positions in the stock. Annex Advisory Services LLC grew its position in Oceaneering International by 29.3% in the second quarter. Annex Advisory Services LLC now owns 67,302 shares of the oil and gas company’s stock worth $2,727,000 after acquiring an additional 15,254 shares in the last quarter. Reinhart Partners LLC. bought a new stake in Oceaneering International during the second quarter worth about $66,795,000. GAMMA Investing LLC lifted its stake in Oceaneering International by 27.1% during the second quarter. GAMMA Investing LLC now owns 5,124 shares of the oil and gas company’s stock worth $208,000 after purchasing an additional 1,092 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in shares of Oceaneering International by 45.0% in the 2nd quarter. Central Pacific Bank Trust Division now owns 21,696 shares of the oil and gas company’s stock worth $879,000 after purchasing an additional 6,736 shares in the last quarter. Finally, Chelsea Counsel Co. purchased a new position in shares of Oceaneering International in the 1st quarter worth about $568,000. 93.93% of the stock is owned by institutional investors.

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.