Oceaneering International, Inc. (NYSE:OII – Get Free Report) SVP Christopher J. Dyer sold 4,800 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $21.49, for a total transaction of $103,152.00. Following the transaction, the senior vice president now directly owns 12,601 shares in the company, valued at approximately $270,795.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Oceaneering International Stock Up 1.3 %
Oceaneering International stock opened at $21.12 on Wednesday. The company has a market capitalization of $2.13 billion, a P/E ratio of 33.00 and a beta of 2.86. The firm’s fifty day simple moving average is $19.76 and its 200-day simple moving average is $18.91. The company has a current ratio of 2.24, a quick ratio of 1.90 and a debt-to-equity ratio of 1.27. Oceaneering International, Inc. has a 1-year low of $7.25 and a 1-year high of $23.81.
Oceaneering International (NYSE:OII – Get Free Report) last released its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.12). The business had revenue of $597.91 million for the quarter, compared to the consensus estimate of $600.33 million. Oceaneering International had a net margin of 2.89% and a return on equity of 10.40%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. Sell-side analysts forecast that Oceaneering International, Inc. will post 1 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
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Institutional Trading of Oceaneering International
Institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd boosted its position in Oceaneering International by 250.1% in the second quarter. Point72 Hong Kong Ltd now owns 2,804 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 2,003 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Oceaneering International during the fourth quarter worth approximately $31,000. Chilton Capital Management LLC bought a new stake in shares of Oceaneering International during the first quarter worth approximately $35,000. Quadrant Capital Group LLC raised its stake in shares of Oceaneering International by 156.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,030 shares of the oil and gas company’s stock worth $36,000 after buying an additional 1,237 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its stake in shares of Oceaneering International by 111.6% during the first quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the oil and gas company’s stock worth $47,000 after buying an additional 1,635 shares during the last quarter. 92.53% of the stock is currently owned by institutional investors and hedge funds.
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. The company's Subsea Robotics segment provides remotely operated vehicles (ROVs) for drill support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair.
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