Earl Childress Sells 10,000 Shares of Oceaneering International, Inc. (NYSE:OII) Stock

Oceaneering International, Inc. (NYSE:OII) SVP Earl Childress sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $25.70, for a total value of $257,000.00. Following the completion of the transaction, the senior vice president now directly owns 57,351 shares in the company, valued at $1,473,920.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Oceaneering International Stock Performance

NYSE:OII opened at $26.36 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.45 and a current ratio of 1.72. The firm’s 50-day moving average is $24.37 and its 200-day moving average is $23.14. Oceaneering International, Inc. has a 52-week low of $18.67 and a 52-week high of $30.45. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 24.87 and a beta of 2.39.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). Oceaneering International had a net margin of 4.87% and a return on equity of 15.78%. The firm had revenue of $668.81 million during the quarter, compared to analyst estimates of $656.87 million. During the same period last year, the company earned $0.18 EPS. The company’s revenue was up 11.9% on a year-over-year basis. Equities research analysts anticipate that Oceaneering International, Inc. will post 1.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

OII has been the subject of several recent analyst reports. StockNews.com downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Barclays raised their price target on Oceaneering International from $21.00 to $24.00 and gave the company an “underweight” rating in a research report on Wednesday, July 31st. Citigroup boosted their price objective on Oceaneering International from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $34.00 target price on shares of Oceaneering International in a report on Thursday, July 25th.

Institutional Investors Weigh In On Oceaneering International

A number of institutional investors have recently bought and sold shares of the business. Raymond James & Associates increased its stake in Oceaneering International by 8.3% in the fourth quarter. Raymond James & Associates now owns 62,941 shares of the oil and gas company’s stock valued at $1,339,000 after acquiring an additional 4,849 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Oceaneering International in the 4th quarter valued at approximately $1,073,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Oceaneering International by 3.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,757 shares of the oil and gas company’s stock valued at $463,000 after purchasing an additional 824 shares during the period. Wedge Capital Management L L P NC raised its holdings in shares of Oceaneering International by 4.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 62,591 shares of the oil and gas company’s stock worth $1,332,000 after buying an additional 2,763 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Oceaneering International by 18.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 63,973 shares of the oil and gas company’s stock worth $1,361,000 after buying an additional 10,074 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Oceaneering International Company Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.