Oceaneering International, Inc. (OII) VP Sells $51,520.00 in Stock
Oceaneering International, Inc. (NYSE:OII) VP W Cardon Gerner sold 2,000 shares of Oceaneering International stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $25.76, for a total transaction of $51,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Oceaneering International, Inc. (NYSE OII) traded down 2.75% during trading on Thursday, reaching $25.80. 1,338,465 shares of the company were exchanged. The company has a 50 day moving average price of $23.97 and a 200-day moving average price of $24.92. The stock’s market capitalization is $2.54 billion. Oceaneering International, Inc. has a one year low of $20.74 and a one year high of $32.12.
Oceaneering International (NYSE:OII) last announced its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. Oceaneering International had a positive return on equity of 1.14% and a negative net margin of 1.41%. The business had revenue of $515.04 million during the quarter, compared to the consensus estimate of $481.86 million. During the same quarter last year, the firm posted $0.23 EPS. The company’s quarterly revenue was down 17.7% on a year-over-year basis. Equities analysts predict that Oceaneering International, Inc. will post ($0.04) EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, August 23rd. Oceaneering International’s dividend payout ratio is -206.90%.
ILLEGAL ACTIVITY NOTICE: “Oceaneering International, Inc. (OII) VP Sells $51,520.00 in Stock” was reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/21/oceaneering-international-inc-oii-vp-sells-51520-00-in-stock.html.
Institutional investors have recently made changes to their positions in the business. Westpac Banking Corp acquired a new stake in Oceaneering International during the 1st quarter valued at $144,000. Pacad Investment Ltd. lifted its holdings in Oceaneering International by 231.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,300 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 3,700 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Oceaneering International by 18.4% during the 2nd quarter. LS Investment Advisors LLC now owns 7,650 shares of the oil and gas company’s stock valued at $175,000 after purchasing an additional 1,188 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in Oceaneering International by 4.0% during the 1st quarter. Teacher Retirement System of Texas now owns 7,808 shares of the oil and gas company’s stock valued at $211,000 after purchasing an additional 300 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Oceaneering International by 7.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,814 shares of the oil and gas company’s stock valued at $212,000 after purchasing an additional 560 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.
A number of analysts have issued reports on the stock. Cowen and Company set a $28.00 target price on shares of Oceaneering International and gave the company a “hold” rating in a research note on Friday, August 4th. Piper Jaffray Companies set a $26.00 target price on shares of Oceaneering International and gave the company a “buy” rating in a research note on Sunday, July 30th. Scotiabank set a $37.00 price target on shares of Oceaneering International and gave the company a “buy” rating in a research report on Friday, July 28th. Wolfe Research lowered shares of Oceaneering International from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 6th. Finally, J P Morgan Chase & Co dropped their price target on shares of Oceaneering International from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 12th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $28.55.
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).
Receive News & Ratings for Oceaneering International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oceaneering International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.