Oceaneering International (NYSE:OII) CEO Roderick Larson Sells 5,000 Shares of Stock

Oceaneering International, Inc. (NYSE:OII) CEO Roderick Larson sold 5,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $38.27, for a total transaction of $191,350.00. Following the completion of the transaction, the chief executive officer directly owned 397,279 shares of the company’s stock, valued at $15,203,867.33. This represents a 1.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Oceaneering International Trading Down 1.4%

Shares of Oceaneering International stock opened at $37.99 on Wednesday. The company has a market capitalization of $3.79 billion, a P/E ratio of 11.27 and a beta of 1.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.79 and a current ratio of 2.08. The company has a fifty day moving average of $36.51 and a 200 day moving average of $30.87. Oceaneering International, Inc. has a fifty-two week low of $18.45 and a fifty-two week high of $40.12.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, April 22nd. The oil and gas company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). The firm had revenue of $692.43 million during the quarter, compared to the consensus estimate of $671.35 million. Oceaneering International had a return on equity of 18.35% and a net margin of 12.12%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. On average, sell-side analysts anticipate that Oceaneering International, Inc. will post 1.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barclays upped their target price on shares of Oceaneering International from $32.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Wall Street Zen downgraded shares of Oceaneering International from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Citigroup increased their price objective on shares of Oceaneering International from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, March 10th. Zacks Research downgraded shares of Oceaneering International from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Finally, TD Cowen increased their price objective on shares of Oceaneering International from $34.00 to $36.00 and gave the company a “hold” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Oceaneering International presently has a consensus rating of “Hold” and an average price target of $36.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lido Advisors LLC boosted its holdings in shares of Oceaneering International by 2.8% during the 4th quarter. Lido Advisors LLC now owns 12,142 shares of the oil and gas company’s stock valued at $299,000 after purchasing an additional 335 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Oceaneering International by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 54,458 shares of the oil and gas company’s stock valued at $1,307,000 after buying an additional 380 shares in the last quarter. CSM Advisors LLC raised its position in shares of Oceaneering International by 3.1% during the 3rd quarter. CSM Advisors LLC now owns 14,455 shares of the oil and gas company’s stock valued at $359,000 after buying an additional 428 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Oceaneering International by 15.7% during 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 buying an additional 469 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Oceaneering International by 2.9% during the 4th quarter. NewEdge Advisors LLC now owns 19,560 shares of the oil and gas company’s stock valued at $470,000 after buying an additional 545 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

About Oceaneering International

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.