Oceaneering International (NYSE:OII) COO Benjamin Laura Sells 33,176 Shares of Stock

Oceaneering International, Inc. (NYSE:OII) COO Benjamin Laura sold 33,176 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $37.51, for a total transaction of $1,244,431.76. Following the transaction, the chief operating officer owned 45,911 shares of the company’s stock, valued at approximately $1,722,121.61. This represents a 41.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Benjamin Laura also recently made the following trade(s):

• On Thursday, February 26th, Benjamin Laura sold 5,106 shares of Oceaneering International stock. The stock was sold at an average price of $36.88, for a total value of $188,309.28.

Oceaneering International Trading Down 0.8%

OII stock opened at $37.61 on Friday. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 10.75 and a beta of 1.26. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $39.00. The firm’s fifty day simple moving average is $29.31 and its two-hundred day simple moving average is $25.89. The company has a quick ratio of 1.68, a current ratio of 1.99 and a debt-to-equity ratio of 0.45.

Oceaneering International (NYSE:OII) last announced its quarterly earnings data on Wednesday, February 18th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, topping 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 business had revenue of $668.57 million during the quarter, compared to the consensus estimate of $678.16 million. During the same quarter last year, the firm earned $0.37 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, analysts anticipate that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Hedge Funds Weigh In On Oceaneering International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC acquired a new stake in Oceaneering International in the third quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in Oceaneering International in the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its position in shares of Oceaneering International by 335.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 1,111 shares during the period. Quarry LP bought a new stake in shares of Oceaneering International in the 3rd quarter worth approximately $30,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of 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 worth $34,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International News Roundup

Here are the key news stories impacting Oceaneering International this week:

• Positive Sentiment: Oceaneering is cited in a market piece noting the stock reached a 52‑week high as part of strength in the NYSE Composite — a technical/momentum signal that can attract momentum investors and support the rally. Oceaneering International (NYSE:OII) 52-Week High Reflects Strength In NYSE Composite
• Negative Sentiment: Multiple senior executives and a board director executed large open‑market sales on Feb. 25–26 (COO Benjamin Laura, SVPs Earl Childress, Holly Kriendler, Jennifer Fremont Simons, Christopher Dyer, and Director Karen Beachy). Collectively these insiders sold roughly 111.7k shares for about $4.2M, with several transactions reducing individual holdings by 20–42%. Large, concentrated insider selling can create near‑term downward pressure and raise investor concern over insider conviction, even if some sales are for diversification or liquidity. See one Form 4 filing (Ben Laura) as an example; others were similarly disclosed. SEC Form 4 (Benjamin Laura)

Wall Street Analyst Weigh In

A number of analysts recently issued reports on OII shares. Weiss Ratings raised shares of Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. TD Cowen boosted their target price on Oceaneering International from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Monday, November 3rd. Barclays increased their price target on Oceaneering International from $23.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday. Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Oceaneering International currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Oceaneering International Company Profile

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.