Earl Childress Sells 12,701 Shares of Oceaneering International (NYSE:OII) Stock

Oceaneering International, Inc. (NYSE:OII) SVP Earl Childress sold 12,701 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $46.71, for a total transaction of $593,263.71. Following the completion of the sale, the senior vice president owned 22,876 shares of the company’s stock, valued at approximately $1,068,537.96. This trade represents a 35.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Oceaneering International Trading Up 2.4%

Shares of Oceaneering International stock opened at $48.77 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.90 and a current ratio of 2.18. The company has a market capitalization of $4.85 billion, a P/E ratio of 14.01 and a beta of 1.15. Oceaneering International, Inc. has a 1 year low of $20.79 and a 1 year high of $53.98. The company’s fifty day moving average is $40.83 and its two-hundred day moving average is $36.78.

Analysts Set New Price Targets

OII has been the topic of a number of research reports. Wall Street Zen raised Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Weiss Ratings raised Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. Citigroup increased their price objective on Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Barclays boosted their target price on Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Finally, 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. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Oceaneering International has a consensus rating of “Hold” and an average price target of $41.00.

Institutional Investors Weigh In On Oceaneering International

A number of hedge funds and other institutional investors have recently bought and sold shares of OII. Wilmington Savings Fund Society FSB purchased a new stake in shares of Oceaneering International during the 3rd quarter worth $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of Oceaneering International by 335.6% in 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 in the last quarter. Quarry LP purchased a new position in shares of Oceaneering International in the 3rd quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Oceaneering International in the first quarter valued at about $53,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of Oceaneering International by 248.8% in the fourth quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 1,627 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

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.