Insider Selling: Oceaneering International (NYSE:OII) Director Sells $143,760.00 in Stock

Oceaneering International, Inc. (NYSE:OII) Director M Kevin Mcevoy sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $47.92, for a total value of $143,760.00. Following the completion of the sale, the director owned 134,133 shares in the company, valued at $6,427,653.36. The trade was a 2.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Oceaneering International Stock Down 0.0%

OII stock opened at $48.77 on Monday. The business has a 50 day moving average of $40.83 and a 200 day moving average of $36.85. The firm has a market cap of $4.85 billion, a PE ratio of 14.01 and a beta of 1.15. Oceaneering International, Inc. has a twelve month low of $20.79 and a twelve month high of $53.98. The company has a quick ratio of 1.90, a current ratio of 2.18 and a debt-to-equity ratio of 0.42.

Institutional Trading of Oceaneering International

Several institutional investors and hedge funds have recently modified their holdings of OII. Wilmington Savings Fund Society FSB bought a new stake in Oceaneering International during the third quarter valued at about $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 acquiring an additional 1,111 shares during the period. Quarry LP bought a new position in shares of Oceaneering International in the third quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Oceaneering International during the first quarter worth about $53,000. Finally, Hantz Financial Services Inc. grew its position in shares of Oceaneering International by 248.8% during the fourth quarter. Hantz Financial Services Inc. now owns 2,281 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 1,627 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OII has been the subject of several analyst reports. Weiss Ratings upgraded Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Barclays increased their price objective on shares of Oceaneering International from $39.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. TD Cowen raised their price objective on shares of Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Citigroup lifted their target price on shares of Oceaneering International from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $41.00.

About Oceaneering International

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.