Oceaneering International (OII) VP Purchases $24,760.00 in Stock
Oceaneering International (NYSE:OII) VP Stephen P. Barrett purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was bought at an average cost of $24.76 per share, with a total value of $24,760.00. Following the completion of the purchase, the vice president now owns 32,470 shares of the company’s stock, valued at $803,957.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Oceaneering International (NYSE:OII) traded up 0.73% during midday trading on Friday, hitting $24.80. 1,162,045 shares of the stock were exchanged. The firm’s 50 day moving average price is $26.38 and its 200 day moving average price is $27.07. The company’s market cap is $2.44 billion. Oceaneering International has a 12 month low of $22.47 and a 12 month high of $35.83.
Oceaneering International (NYSE:OII) last posted its quarterly earnings data on Wednesday, April 26th. The oil and gas company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.06. The firm had revenue of $446.18 million during the quarter, compared to analyst estimates of $459.57 million. Oceaneering International had a net margin of 1.08% and a return on equity of 4.76%. Oceaneering International’s revenue was down 26.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. On average, equities research analysts forecast that Oceaneering International will post ($0.12) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, May 26th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $0.60 annualized dividend and a dividend yield of 2.42%. Oceaneering International’s dividend payout ratio (DPR) is presently 230.78%.
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A number of research firms recently issued reports on OII. Zacks Investment Research raised shares of Oceaneering International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 15th. Scotiabank reissued a “buy” rating and issued a $37.00 price target on shares of Oceaneering International in a research note on Friday, April 28th. Capital One Financial Corp. raised shares of Oceaneering International from an “equal weight” rating to an “overweight” rating in a research note on Thursday, February 9th. Jefferies Group LLC set a $25.00 price target on shares of Oceaneering International and gave the stock a “hold” rating in a research note on Wednesday, May 17th. Finally, Tudor Pickering began coverage on shares of Oceaneering International in a research note on Thursday, March 23rd. They issued a “hold” rating for the company. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.40.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Oceaneering International during the fourth quarter valued at approximately $33,883,000. Monroe Bank & Trust MI raised its position in Oceaneering International by 7.4% in the third quarter. Monroe Bank & Trust MI now owns 23,842 shares of the oil and gas company’s stock valued at $567,000 after buying an additional 1,653 shares during the period. ETRADE Capital Management LLC purchased a new position in Oceaneering International during the third quarter valued at approximately $213,000. Scout Investments Inc. raised its position in Oceaneering International by 42.5% in the third quarter. Scout Investments Inc. now owns 470,873 shares of the oil and gas company’s stock valued at $12,954,000 after buying an additional 140,399 shares during the period. Finally, Cullen Capital Management LLC purchased a new position in Oceaneering International during the third quarter valued at approximately $770,000. Hedge funds and other institutional investors own 99.96% of the company’s stock.
Oceaneering International Company Profile
Oceaneering International, Inc is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. The Company’s business segments are contained within two businesses: services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies).
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