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

Oceaneering International, Inc. (NYSE:OII) Director M Kevin Mcevoy sold 3,000 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $47.92, for a total transaction of $143,760.00. Following the sale, the director directly owned 134,133 shares of the company’s stock, valued at $6,427,653.36. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Oceaneering International Trading Up 2.4%

NYSE OII opened at $48.77 on Friday. The stock has a market cap of $4.85 billion, a PE ratio of 14.01 and a beta of 1.15. Oceaneering International, Inc. has a 12 month low of $20.79 and a 12 month high of $53.98. The company’s 50-day moving average price is $40.83 and its 200-day moving average price is $36.78. The company has a current ratio of 2.18, a quick ratio of 1.90 and a debt-to-equity ratio of 0.42.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Oceaneering International

A number of hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in Oceaneering International during the 3rd quarter worth about $28,000. Quarry LP purchased a new stake in shares of Oceaneering International in the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of Oceaneering International by 335.6% during 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 in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Oceaneering International during the first quarter valued at approximately $53,000. Finally, Hantz Financial Services Inc. increased its holdings in Oceaneering International by 248.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock valued at $55,000 after buying an additional 1,627 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.