Key Points
- SVP Jennifer Fremont Simons sold 29,155 shares on Jan. 5 at an average price of $26.35 for $768,234, reducing her stake by 35.77% to 52,344 shares, according to an SEC filing.
- Oceaneering beat Q3 estimates, reporting $0.55 EPS versus $0.42 expected and revenue of $742.9M (up 9.3% year-over-year), with a net margin of 8.21% and ROE of 22.94%.
- Shares trade near $26.57 (close to a 52-week high of $27.94) with a market cap of $2.65B, and analysts hold a consensus "Hold" rating with an average target of $25.
Oceaneering International, Inc. (NYSE:OII - Get Free Report) SVP Jennifer Fremont Simons sold 29,155 shares of the business's stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $26.35, for a total transaction of $768,234.25. Following the completion of the transaction, the senior vice president directly owned 52,344 shares of the company's stock, valued at approximately $1,379,264.40. This represents a 35.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Oceaneering International Stock Performance
Oceaneering International stock opened at $26.57 on Wednesday. Oceaneering International, Inc. has a fifty-two week low of $15.46 and a fifty-two week high of $27.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.68 and a current ratio of 1.97. The stock has a market cap of $2.65 billion, a P/E ratio of 11.60 and a beta of 1.24. The firm's fifty day moving average price is $24.50 and its 200-day moving average price is $23.48.
Oceaneering International (NYSE:OII - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.13. The company had revenue of $742.90 million during the quarter, compared to analyst estimates of $709.48 million. Oceaneering International had a net margin of 8.21% and a return on equity of 22.94%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. On average, equities research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Oceaneering International
Several institutional investors and hedge funds have recently bought and sold shares of the business. Salomon & Ludwin LLC purchased a new position in shares of Oceaneering International during the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Oceaneering International in the third quarter valued at $28,000. Quarry LP purchased a new position in Oceaneering International during the 3rd quarter valued at $30,000. SBI Securities Co. Ltd. increased its position in Oceaneering International by 255.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company's stock valued at $34,000 after purchasing an additional 1,000 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Oceaneering International by 335.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company's stock worth $30,000 after purchasing an additional 1,111 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. TD Cowen raised their price objective on Oceaneering International from $25.00 to $27.00 and gave the company a "hold" rating in a report on Monday, November 3rd. Wall Street Zen upgraded shares of Oceaneering International from a "hold" rating to a "buy" rating in a research report on Saturday. Zacks Research raised shares of Oceaneering International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Oceaneering International in a research note on Monday, December 29th. Finally, Barclays increased their target price on shares of Oceaneering International from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $25.00.
View Our Latest Report on Oceaneering International
Oceaneering International Company Profile
(
Get Free Report)
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.
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