Oceaneering International Inc. (OII) SVP Sells $83,113.74 in Stock
Oceaneering International Inc. (NYSE:OII) SVP John R. Kreider sold 3,501 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $23.74, for a total transaction of $83,113.74. Following the sale, the senior vice president now directly owns 34,616 shares in the company, valued at $821,783.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Oceaneering International Inc. (NYSE:OII) opened at 25.45 on Thursday. The stock’s 50 day moving average price is $25.89 and its 200-day moving average price is $28.69. The firm has a market capitalization of $2.50 billion, a P/E ratio of 39.89 and a beta of 1.56. Oceaneering International Inc. has a 12-month low of $22.47 and a 12-month high of $45.35.
Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The business earned $549 million during the quarter, compared to the consensus estimate of $344 million. Oceaneering International had a net margin of 2.52% and a return on equity of 8.17%. Oceaneering International’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 earnings per share. On average, equities analysts expect that Oceaneering International Inc. will post $0.74 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, November 25th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Tuesday, November 22nd. Oceaneering International’s dividend payout ratio (DPR) is currently 166.16%.
Several research firms have issued reports on OII. Wells Fargo & Co. assumed coverage on shares of Oceaneering International in a research report on Tuesday, October 18th. They set a “market perform” rating on the stock. Zacks Investment Research lowered shares of Oceaneering International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 19th. Jefferies Group set a $27.00 price objective on shares of Oceaneering International and gave the company a “hold” rating in a research report on Monday, July 25th. Loop Capital assumed coverage on shares of Oceaneering International in a research report on Friday, September 30th. They issued a “buy” rating on the stock. Finally, Royal Bank Of Canada dropped their price objective on shares of Oceaneering International from $32.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 15th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Oceaneering International presently has an average rating of “Hold” and a consensus target price of $33.97.
Several institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in shares of Oceaneering International during the third quarter worth $59,789,000. Emerald Acquisition Ltd. acquired a new position in shares of Oceaneering International during the second quarter worth approximately $31,949,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Oceaneering International during the second quarter worth approximately $31,000,000. Atlanta Capital Management Co. L L C increased its position in shares of Oceaneering International by 59.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 2,090,649 shares of the company’s stock worth $62,427,000 after buying an additional 778,030 shares in the last quarter. Finally, PGGM Investments increased its position in shares of Oceaneering International by 91.9% in the second quarter. PGGM Investments now owns 1,021,218 shares of the company’s stock worth $30,494,000 after buying an additional 489,176 shares in the last quarter. 93.62% of the stock is currently owned by institutional investors.
Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Company’s business segments include services and products provided to the oil and gas industry (Oilfield), and all other services and products (Advanced Technologies).
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