Insider Selling: Oceaneering International (NYSE:OII) SVP Sells $768,234.25 in Stock

Oceaneering International, Inc. (NYSE:OII) SVP Jennifer Fremont Simons sold 29,155 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $26.35, for a total transaction of $768,234.25. Following the completion of the transaction, the senior vice president owned 52,344 shares in the company, valued at $1,379,264.40. The trade was a 35.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Oceaneering International Stock Performance

NYSE:OII opened at $26.90 on Friday. Oceaneering International, Inc. has a twelve month low of $15.46 and a twelve month high of $27.77. The firm’s fifty day simple moving average is $24.62 and its 200 day simple moving average is $23.52. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.68 billion, a P/E ratio of 11.74 and a beta of 1.24.

Oceaneering International (NYSE:OII) last released its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.13. The company had revenue of $742.90 million for the quarter, compared to analyst estimates of $709.48 million. Oceaneering International had a return on equity of 22.94% and a net margin of 8.21%.The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. As a group, research analysts predict that Oceaneering International, Inc. will post 1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

OII has been the subject of several research reports. Wall Street Zen raised shares of Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. TD Cowen boosted their price target on shares of Oceaneering International from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Oceaneering International in a research note on Monday, December 29th. Finally, Barclays lifted their target price on Oceaneering International from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Oceaneering International has an average rating of “Hold” and a consensus target price of $25.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OII. CSM Advisors LLC lifted its holdings in shares of Oceaneering International by 3.1% during the third quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock worth $359,000 after purchasing an additional 428 shares during the period. Smartleaf Asset Management LLC grew its stake in Oceaneering International by 15.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,464 shares of the oil and gas company’s stock valued at $87,000 after acquiring an additional 469 shares during the period. Profund Advisors LLC raised its position in shares of Oceaneering International by 3.4% during the 2nd quarter. Profund Advisors LLC now owns 17,032 shares of the oil and gas company’s stock worth $353,000 after purchasing an additional 559 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Oceaneering International by 47.5% in the third quarter. Bessemer Group Inc. now owns 1,952 shares of the oil and gas company’s stock worth $48,000 after acquiring an additional 629 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in Oceaneering International by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 93,342 shares of the oil and gas company’s stock valued at $1,934,000 after acquiring an additional 634 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

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.