Oceaneering International (NYSE:OII) Director Karen Beachy Sells 9,800 Shares

Oceaneering International, Inc. (NYSE:OII) Director Karen Beachy sold 9,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $37.41, for a total value of $366,618.00. Following the transaction, the director directly owned 22,816 shares in the company, valued at approximately $853,546.56. This trade represents a 30.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Oceaneering International Stock Performance

OII opened at $37.61 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. Oceaneering International, Inc. has a 12-month low of $15.46 and a 12-month high of $39.00. The business has a 50 day moving average of $29.31 and a 200-day moving average of $25.89. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 10.75 and a beta of 1.26.

Oceaneering International (NYSE:OII) last posted its quarterly earnings results on Wednesday, February 18th. The oil and gas company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Oceaneering International had a return on equity of 21.58% and a net margin of 12.71%.The business had revenue of $668.57 million for the quarter, compared to analysts’ expectations of $678.16 million. During the same quarter in the prior year, the business earned $0.37 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts expect that Oceaneering International, Inc. will post 1.78 earnings per share for the current year.

Key Headlines Impacting Oceaneering International

Here are the key news stories impacting Oceaneering International this week:

• Positive Sentiment: Oceaneering is cited in a market piece noting the stock reached a 52‑week high as part of strength in the NYSE Composite — a technical/momentum signal that can attract momentum investors and support the rally. Oceaneering International (NYSE:OII) 52-Week High Reflects Strength In NYSE Composite
• Negative Sentiment: Multiple senior executives and a board director executed large open‑market sales on Feb. 25–26 (COO Benjamin Laura, SVPs Earl Childress, Holly Kriendler, Jennifer Fremont Simons, Christopher Dyer, and Director Karen Beachy). Collectively these insiders sold roughly 111.7k shares for about $4.2M, with several transactions reducing individual holdings by 20–42%. Large, concentrated insider selling can create near‑term downward pressure and raise investor concern over insider conviction, even if some sales are for diversification or liquidity. See one Form 4 filing (Ben Laura) as an example; others were similarly disclosed. SEC Form 4 (Benjamin Laura)

Institutional Investors Weigh In On Oceaneering International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC bought a new stake in shares of Oceaneering International in the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in Oceaneering International in the 3rd quarter valued at $28,000. EverSource Wealth Advisors LLC raised its holdings in Oceaneering International by 335.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,442 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 1,111 shares in the last quarter. Quarry LP bought a new stake in shares of Oceaneering International during the 3rd quarter valued at $30,000. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Oceaneering International by 255.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,392 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 1,000 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on OII shares. Zacks Research raised shares of Oceaneering International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Wall Street Zen upgraded Oceaneering International from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Weiss Ratings raised Oceaneering International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Barclays increased their target price on Oceaneering International from $23.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, TD Cowen boosted their price target on Oceaneering International from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Oceaneering International has an average rating of “Moderate Buy” and an average price target of $28.00.

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.