Oceaneering International, Inc. (NYSE:OII - Get Free Report) COO Benjamin Laura sold 5,106 shares of the firm's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $36.88, for a total value of $188,309.28. Following the completion of the transaction, the chief operating officer directly owned 40,805 shares in the company, valued at $1,504,888.40. The trade was a 11.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Benjamin Laura also recently made the following trade(s):
- On Wednesday, February 25th, Benjamin Laura sold 33,176 shares of Oceaneering International stock. The shares were sold at an average price of $37.51, for a total transaction of $1,244,431.76.
Oceaneering International Price Performance
Shares of NYSE:OII opened at $36.78 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $3.66 billion, a PE ratio of 10.65 and a beta of 1.26. The firm's 50 day moving average price is $29.31 and its 200-day moving average price is $25.89. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $39.00.
Oceaneering International (NYSE:OII - Get Free Report) last announced its earnings results on Wednesday, February 18th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Oceaneering International had a net margin of 12.71% and a return on equity of 21.58%. The company had revenue of $668.57 million during the quarter, compared to analyst estimates of $678.16 million. During the same period in the previous year, the business posted $0.37 earnings per share. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. Equities research analysts expect that Oceaneering International, Inc. will post 1.78 EPS for the current year.
Institutional Investors Weigh In On Oceaneering International
A number of institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley Institutional Investment Advisors LLC purchased a new position in shares of Oceaneering International in the fourth quarter worth $94,847,000. Balyasny Asset Management L.P. lifted its stake in Oceaneering International by 916.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,361,917 shares of the oil and gas company's stock worth $28,219,000 after purchasing an additional 1,227,950 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Oceaneering International by 12.2% during the 2nd quarter. Brown Advisory Inc. now owns 7,345,637 shares of the oil and gas company's stock valued at $152,202,000 after purchasing an additional 799,718 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Oceaneering International by 94.7% during the third quarter. JPMorgan Chase & Co. now owns 763,907 shares of the oil and gas company's stock valued at $18,930,000 after purchasing an additional 371,586 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its position in shares of Oceaneering International by 210.8% during the third quarter. Tudor Investment Corp ET AL now owns 491,928 shares of the oil and gas company's stock valued at $12,190,000 after purchasing an additional 333,666 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.
More Oceaneering International News
Here are the key news stories impacting Oceaneering International this week:
- Positive Sentiment: Technical/momentum boost — OII was cited for reaching a 52‑week high, which can attract momentum traders and institutional interest. Read More.
- Positive Sentiment: Analyst upgrades/support — several outlets (Weiss, Wall Street Zen, Zacks) recently moved ratings up or raised outlooks; MarketBeat shows a consensus of "Moderate Buy" and increased attention from analysts. Read More.
- Neutral Sentiment: Quarterly results mixed — Q4 EPS of $0.45 slightly beat consensus ($0.44) but revenue of $668.6M missed estimates (~$678M) and was down year‑over‑year; that suggests profitability resilience but weaker sales momentum. Read More.
- Negative Sentiment: Large, concentrated insider selling — multiple senior executives and a director sold sizable blocks on Feb. 25–26 (collectively ~111.7k shares, roughly $4.2M in proceeds), with several sales cutting individual holdings by 20–42%; this can sap investor confidence and create selling pressure. Read More.
- Negative Sentiment: SEC filings confirm multiple Form 4s (examples include COO Benjamin Laura and others) disclosing the open‑market sales, underscoring that these were reported, not private block transfers. Read More.
Wall Street Analyst Weigh In
OII has been the subject of several recent research reports. Zacks Research raised Oceaneering International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 4th. Weiss Ratings raised Oceaneering International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday. Wall Street Zen upgraded Oceaneering International from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. TD Cowen increased their target price on shares of Oceaneering International from $25.00 to $27.00 and gave the stock a "hold" rating in a report on Monday, November 3rd. Finally, Barclays raised their target price on shares of Oceaneering International from $23.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Oceaneering International has an average rating of "Moderate Buy" and an average target price of $28.00.
View Our Latest Stock Report on Oceaneering International
About Oceaneering International
(
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.
Further Reading
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