Steven A. Webster Purchases 25,000 Shares of Oceaneering International, Inc. (NYSE:OII) Stock

Oceaneering International, Inc. (NYSE:OIIGet Rating) Director Steven A. Webster acquired 25,000 shares of the stock in a transaction that occurred on Thursday, June 23rd. The stock was acquired at an average cost of $8.72 per share, for a total transaction of $218,000.00. Following the completion of the transaction, the director now directly owns 99,208 shares in the company, valued at approximately $865,093.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

OII traded down $0.62 during mid-day trading on Thursday, reaching $8.83. 2,389,507 shares of the company traded hands, compared to its average volume of 1,010,821. The stock has a market capitalization of $885.24 million, a P/E ratio of -14.58 and a beta of 2.99. The company has a quick ratio of 2.11, a current ratio of 2.46 and a debt-to-equity ratio of 1.40. The company’s fifty day moving average price is $12.07 and its 200-day moving average price is $13.24. Oceaneering International, Inc. has a 52-week low of $8.56 and a 52-week high of $18.20.

Oceaneering International (NYSE:OIIGet Rating) last announced its earnings results on Wednesday, April 27th. The oil and gas company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The business had revenue of $446.16 million during the quarter, compared to analyst estimates of $416.05 million. Oceaneering International had a negative net margin of 3.15% and a positive return on equity of 1.42%. During the same period in the previous year, the business earned $0.03 EPS. As a group, sell-side analysts forecast that Oceaneering International, Inc. will post 0.47 earnings per share for the current fiscal year.

OII has been the topic of several analyst reports. Cowen set a $15.00 price objective on Oceaneering International in a research report on Monday. StockNews.com lowered shares of Oceaneering International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Finally, Piper Sandler boosted their target price on shares of Oceaneering International from $22.50 to $25.00 and gave the company an “overweight” rating in a research note on Monday, April 18th.

Large investors have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Oceaneering International in the 4th quarter worth $27,000. MCF Advisors LLC purchased a new stake in shares of Oceaneering International in the 1st quarter worth $44,000. Advisor Group Holdings Inc. increased its stake in shares of Oceaneering International by 111.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 1,635 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Oceaneering International in the 4th quarter worth $90,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Oceaneering International in the 4th quarter worth $147,000. Hedge funds and other institutional investors own 87.15% of the company’s stock.

Oceaneering International Company Profile (Get Rating)

Oceaneering International, Inc provides engineered services, 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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