Oceaneering International (NYSE:OII) SVP Sells 12,701 Shares

Oceaneering International, Inc. (NYSE:OII) SVP Earl Childress sold 12,701 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $46.71, for a total transaction of $593,263.71. Following the completion of the transaction, the senior vice president directly owned 22,876 shares of the company’s stock, valued at approximately $1,068,537.96. The trade was a 35.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Oceaneering International Price Performance

Oceaneering International stock traded up $1.13 during mid-day trading on Friday, reaching $48.77. The company had a trading volume of 729,854 shares, compared to its average volume of 1,197,913. Oceaneering International, Inc. has a fifty-two week low of $20.79 and a fifty-two week high of $53.98. The company has a current ratio of 2.18, a quick ratio of 1.90 and a debt-to-equity ratio of 0.42. The company has a market cap of $4.85 billion, a P/E ratio of 14.01 and a beta of 1.15. The business has a fifty day simple moving average of $40.63 and a 200 day simple moving average of $36.70.

Institutional Trading of Oceaneering International

A number of institutional investors and hedge funds have recently bought and sold shares of OII. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Oceaneering International by 4.6% during the 1st 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 purchasing an additional 2,633 shares during the last quarter. Empowered Funds LLC grew its position in shares of Oceaneering International by 1.9% in the 1st quarter. Empowered Funds LLC now owns 120,776 shares of the oil and gas company’s stock valued at $2,634,000 after buying an additional 2,310 shares during the last quarter. Strs Ohio acquired a new stake in shares of Oceaneering International in the first quarter valued at about $168,000. Norges Bank acquired a new stake in shares of Oceaneering International in the second quarter valued at about $1,485,000. Finally, Invesco Ltd. raised its position in shares of Oceaneering International by 8.0% during the second quarter. Invesco Ltd. now owns 650,188 shares of the oil and gas company’s stock worth $13,472,000 after acquiring an additional 48,382 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OII. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Weiss Ratings raised Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. TD Cowen boosted their price target on Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Barclays upped their price objective on Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Citigroup raised their price objective on shares of Oceaneering International from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.00.

About Oceaneering International

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.