Paul Murphy, Jr. Sells 10,000 Shares of Oceaneering International (NYSE:OII) Stock

Oceaneering International, Inc. (NYSE:OII) Director Paul Murphy, Jr. sold 10,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $48.37, for a total value of $483,700.00. Following the sale, the director owned 68,916 shares in the company, valued at approximately $3,333,466.92. The trade was a 12.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Oceaneering International Trading Down 0.8%

Oceaneering International stock opened at $50.71 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 2.18 and a debt-to-equity ratio of 0.42. Oceaneering International, Inc. has a 52 week low of $21.45 and a 52 week high of $53.98. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 14.57 and a beta of 1.15. The stock has a 50-day moving average price of $42.37 and a 200 day moving average price of $37.95.

Institutional Investors Weigh In On Oceaneering International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Callan Family Office LLC purchased a new position in shares of Oceaneering International during the 2nd quarter valued at approximately $453,000. Allworth Financial LP purchased a new stake in Oceaneering International during the second quarter worth $42,000. Vise Technologies Inc. purchased a new stake in Oceaneering International during the second quarter worth $658,000. Great Lakes Advisors LLC acquired a new stake in Oceaneering International during the second quarter valued at $445,000. Finally, BlackRock Inc. acquired a new stake in Oceaneering International during the second quarter valued at $664,659,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

OII has been the topic of a number of research reports. Wall Street Zen lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays boosted their target price 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. Citigroup upped their price target on shares of Oceaneering International from $40.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday. TD Cowen increased their price target on Oceaneering International from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded Oceaneering International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Oceaneering International has a consensus rating of “Hold” and an average price target of $45.00.

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.