Oceaneering International (NYSE:OII) Shares Gap Down to $15.06

Shares of Oceaneering International, Inc. (NYSE:OIIGet Rating) gapped down prior to trading on Monday . The stock had previously closed at $15.06, but opened at $14.52. Oceaneering International shares last traded at $14.57, with a volume of 6,497 shares trading hands.

Analysts Set New Price Targets

Several brokerages have weighed in on OII. Piper Sandler boosted their price objective on Oceaneering International to $17.00 in a research report on Tuesday, November 1st. StockNews.com upgraded Oceaneering International from a “hold” rating to a “buy” rating in a report on Tuesday, November 8th. Citigroup decreased their target price on Oceaneering International from $20.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Cowen reduced their price target on Oceaneering International to $13.00 in a research note on Tuesday, August 9th. Finally, Barclays cut Oceaneering International from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $15.00 to $10.00 in a research note on Thursday, October 6th.

Oceaneering International Stock Performance

The company has a current ratio of 2.37, a quick ratio of 2.04 and a debt-to-equity ratio of 1.47. The firm has a 50-day moving average of $11.00 and a 200 day moving average of $10.60.

Insider Activity at Oceaneering International

In other Oceaneering International news, Director Steven A. Webster acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 27th. The shares were bought at an average cost of $7.67 per share, with a total value of $191,750.00. Following the completion of the transaction, the director now directly owns 124,208 shares of the company’s stock, valued at approximately $952,675.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Steven A. Webster bought 25,000 shares of the stock in a transaction on Tuesday, September 27th. The shares were bought at an average price of $7.67 per share, with a total value of $191,750.00. Following the completion of the acquisition, the director now owns 124,208 shares in the company, valued at $952,675.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Webster bought 10,731 shares of the stock in a transaction on Thursday, September 29th. The stock was purchased at an average cost of $7.77 per share, for a total transaction of $83,379.87. Following the acquisition, the director now owns 134,939 shares of the company’s stock, valued at approximately $1,048,476.03. The disclosure for this purchase can be found here. Insiders have acquired 48,331 shares of company stock valued at $374,142 over the last ninety days. Insiders own 2.01% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky bought a new position in Oceaneering International in the third quarter valued at about $224,000. Captrust Financial Advisors lifted its holdings in Oceaneering International by 4.2% in the third quarter. Captrust Financial Advisors now owns 17,412 shares of the oil and gas company’s stock valued at $139,000 after acquiring an additional 704 shares during the period. Balyasny Asset Management LLC bought a new position in Oceaneering International in the third quarter valued at about $3,679,000. Jane Street Group LLC raised its stake in shares of Oceaneering International by 23.1% in the third quarter. Jane Street Group LLC now owns 55,722 shares of the oil and gas company’s stock worth $444,000 after buying an additional 10,465 shares during the period. Finally, State Street Corp raised its stake in shares of Oceaneering International by 3.5% in the third quarter. State Street Corp now owns 4,758,759 shares of the oil and gas company’s stock worth $37,880,000 after buying an additional 161,414 shares during the period. Institutional investors own 91.67% 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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