Christopher Dyer Sells 1,200 Shares of Oceaneering International (NYSE:OII) Stock

Oceaneering International, Inc. (NYSE:OII) SVP Christopher Dyer sold 1,200 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $47.65, for a total value of $57,180.00. Following the sale, the senior vice president owned 14,702 shares of the company’s stock, valued at approximately $700,550.30. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Oceaneering International Trading Up 2.4%

Shares of OII opened at $48.77 on Friday. Oceaneering International, Inc. has a twelve month low of $20.79 and a twelve month high of $53.98. The firm has a market capitalization of $4.85 billion, a P/E ratio of 14.01 and a beta of 1.15. The company has a current ratio of 2.18, a quick ratio of 1.90 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $40.83 and its 200 day simple moving average is $36.78.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Leuthold Group LLC purchased a new stake in shares of Oceaneering International in the fourth quarter worth about $3,548,000. Vanguard Group Inc. grew its stake in shares of Oceaneering International by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,371,147 shares of the oil and gas company’s stock valued at $297,279,000 after buying an additional 187,707 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Oceaneering International during the 4th quarter valued at about $5,489,000. Fifth Third Bancorp raised its holdings in shares of Oceaneering International by 6,782.5% during the 1st quarter. Fifth Third Bancorp now owns 29,526 shares of the oil and gas company’s stock valued at $1,047,000 after buying an additional 29,097 shares during the period. Finally, CenterBook Partners LP lifted its position in Oceaneering International by 506.8% during the 4th quarter. CenterBook Partners LP now owns 100,220 shares of the oil and gas company’s stock worth $2,408,000 after acquiring an additional 83,705 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

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.