Oceaneering International (NYSE:OII) CEO Sells $191,350.00 in Stock

Oceaneering International, Inc. (NYSE:OII) CEO Roderick Larson sold 5,000 shares of Oceaneering International stock in a transaction on Monday, May 18th. The stock was sold at an average price of $38.27, for a total transaction of $191,350.00. Following the transaction, the chief executive officer directly owned 397,279 shares in the company, valued at $15,203,867.33. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Oceaneering International Trading Up 0.2%

NYSE:OII opened at $38.48 on Friday. Oceaneering International, Inc. has a 52 week low of $18.45 and a 52 week high of $40.12. The firm has a 50-day moving average price of $36.62 and a two-hundred day moving average price of $31.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.79 and a current ratio of 2.08. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 11.42 and a beta of 1.17.

Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The business had revenue of $692.43 million during the quarter, compared to analysts’ expectations of $671.35 million. Oceaneering International had a return on equity of 18.35% and a net margin of 12.12%.Oceaneering International’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. On average, equities analysts expect that Oceaneering International, Inc. will post 1.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings raised Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Barclays boosted their target price on shares of Oceaneering International from $32.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Zacks Research downgraded shares of Oceaneering International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Finally, Citigroup upped their target price on shares of Oceaneering International from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Oceaneering International presently has a consensus rating of “Hold” and a consensus price target of $36.67.

Institutional Investors Weigh In On Oceaneering International

A number of institutional investors and hedge funds have recently bought and sold shares of OII. Lido Advisors LLC grew its stake in Oceaneering International by 2.8% in the 4th quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock worth $299,000 after buying an additional 335 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Oceaneering International by 0.7% in the 4th quarter. State of Alaska Department of Revenue now owns 54,458 shares of the oil and gas company’s stock valued at $1,307,000 after purchasing an additional 380 shares in the last quarter. CSM Advisors LLC grew its holdings in shares of Oceaneering International by 3.1% during the 3rd quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock valued at $359,000 after purchasing an additional 428 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Oceaneering International by 15.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,464 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 469 shares during the period. Finally, NewEdge Advisors LLC raised its position in Oceaneering International by 2.9% in the 4th quarter. NewEdge Advisors LLC now owns 19,560 shares of the oil and gas company’s stock worth $470,000 after purchasing an additional 545 shares during the period. 93.93% of the stock is owned by hedge funds and other 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.