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

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

Oceaneering International Price Performance

NYSE:OII opened at $48.77 on Friday. The firm 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 has a quick ratio of 1.90, a current ratio of 2.18 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $40.83 and its two-hundred day moving average price is $36.78.

Institutional Trading of Oceaneering International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Leuthold Group LLC bought a new position in shares of Oceaneering International in the 4th quarter valued at about $3,548,000. Vanguard Group Inc. grew its position in shares of Oceaneering International by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 12,371,147 shares of the oil and gas company’s stock worth $297,279,000 after buying an additional 187,707 shares during the period. Brandywine Global Investment Management LLC bought a new stake in shares of Oceaneering International during the fourth quarter worth approximately $5,489,000. Fifth Third Bancorp raised its stake in shares of Oceaneering International by 6,782.5% during the first quarter. Fifth Third Bancorp now owns 29,526 shares of the oil and gas company’s stock worth $1,047,000 after buying an additional 29,097 shares during the last quarter. Finally, CenterBook Partners LP lifted its holdings in Oceaneering International by 506.8% in the fourth quarter. CenterBook Partners LP now owns 100,220 shares of the oil and gas company’s stock valued at $2,408,000 after buying an additional 83,705 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OII has been the topic of a number of research analyst reports. TD Cowen increased their price target on Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Barclays increased their target price on Oceaneering International from $39.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Weiss Ratings raised Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Wall Street Zen raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. 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 research report on Thursday, June 18th. One 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 a consensus rating of “Hold” and a consensus 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.