Oceaneering International, Inc. (OII) VP Sells $51,520.00 in Stock
Oceaneering International, Inc. (NYSE:OII) VP W Cardon Gerner sold 2,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $25.76, for a total transaction of $51,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Oceaneering International, Inc. (OII) opened at 25.94 on Friday. Oceaneering International, Inc. has a 12 month low of $20.74 and a 12 month high of $32.12. The stock’s market capitalization is $2.55 billion. The company’s 50-day moving average is $23.97 and its 200 day moving average is $24.92.
Oceaneering International (NYSE:OII) last announced its earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. The business had revenue of $515.04 million during the quarter, compared to the consensus estimate of $481.86 million. Oceaneering International had a negative net margin of 1.41% and a positive return on equity of 1.14%. The firm’s revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. Equities research analysts predict that Oceaneering International, Inc. will post ($0.04) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 2.31%. Oceaneering International’s dividend payout ratio (DPR) is currently -206.90%.
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Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Oceaneering International by 10,555.3% during the first quarter. BlackRock Inc. now owns 8,513,376 shares of the oil and gas company’s stock valued at $230,542,000 after acquiring an additional 8,433,478 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Oceaneering International by 1.0% during the second quarter. Vanguard Group Inc. now owns 8,459,942 shares of the oil and gas company’s stock valued at $193,226,000 after acquiring an additional 81,313 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Oceaneering International by 39.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,205,338 shares of the oil and gas company’s stock valued at $96,049,000 after acquiring an additional 1,190,224 shares in the last quarter. Eaton Vance Management increased its holdings in shares of Oceaneering International by 20.4% during the second quarter. Eaton Vance Management now owns 3,068,529 shares of the oil and gas company’s stock valued at $70,085,000 after acquiring an additional 519,289 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Oceaneering International by 0.7% during the first quarter. State Street Corp now owns 2,995,000 shares of the oil and gas company’s stock valued at $81,101,000 after acquiring an additional 21,246 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Several brokerages have commented on OII. Cowen and Company set a $28.00 price objective on shares of Oceaneering International and gave the stock a “hold” rating in a report on Friday, August 4th. Piper Jaffray Companies set a $26.00 price objective on shares of Oceaneering International and gave the stock a “buy” rating in a report on Sunday, July 30th. Scotiabank set a $37.00 price objective on shares of Oceaneering International and gave the stock a “buy” rating in a report on Friday, July 28th. Wolfe Research lowered shares of Oceaneering International from a “market perform” rating to an “underperform” rating in a report on Tuesday, June 6th. Finally, J P Morgan Chase & Co decreased their price objective on shares of Oceaneering International from $22.00 to $21.00 and set an “underweight” rating for the company in a report on Tuesday, September 12th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $28.55.
Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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