Key Points
- Director Paul Murphy Jr. sold 10,000 Oceaneering International shares at an average price of $48.37, totaling $483,700. His remaining direct stake fell 12.67% to 68,916 shares.
- Oceaneering shares opened at $50.76 and have risen substantially, trading between a 12-month low of $21.03 and high of $53.98. The company has a $5.05 billion market capitalization and a P/E ratio of 14.59.
- Analyst sentiment remains cautious, with one Buy rating and four Hold ratings and an average price target of $41.00. Institutional investors own approximately 93.93% of the stock.
Oceaneering International, Inc. (NYSE:OII - Get Free Report) Director Paul Murphy, Jr. sold 10,000 shares of the company's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $48.37, for a total value of $483,700.00. Following the completion of the sale, the director directly owned 68,916 shares in the company, valued at approximately $3,333,466.92. The trade was a 12.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Oceaneering International Stock Performance
Shares of Oceaneering International stock opened at $50.76 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.90 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $5.05 billion, a P/E ratio of 14.59 and a beta of 1.15. The business has a fifty day simple moving average of $42.13 and a two-hundred day simple moving average of $37.79. Oceaneering International, Inc. has a 12 month low of $21.03 and a 12 month high of $53.98.
Analyst Ratings Changes
Several equities research analysts recently commented on OII shares. Weiss Ratings raised shares of Oceaneering International from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Citigroup raised their target price on shares of Oceaneering International from $35.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, June 18th. Barclays boosted their price target on Oceaneering International from $39.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Monday, July 27th. TD Cowen upped their price target on Oceaneering International from $34.00 to $36.00 and gave the stock a "hold" rating in a research note on Thursday, April 30th. Finally, Wall Street Zen lowered Oceaneering International from a "buy" rating to a "hold" rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $41.00.
Check Out Our Latest Research Report on Oceaneering International
Hedge Funds Weigh In On Oceaneering International
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of Oceaneering International during the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its holdings in Oceaneering International by 335.6% in the second 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 during the last quarter. Quarry LP bought a new stake in Oceaneering International in the 3rd quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Oceaneering International in the 1st quarter worth approximately $53,000. Finally, Hantz Financial Services Inc. raised its stake in Oceaneering International by 248.8% during the 4th 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 last quarter. Institutional investors own 93.93% of the company's stock.
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.
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