Oceaneering International, Inc. [NYSE: OII] Sees Decrease in Stock Value

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Oceaneering International, Inc. shares valued at $75,702 were sold by Beachy Karen H on Sep 10 ’24. At $22.94 per share, Beachy Karen H sold 3,300 shares. The insider’s holdings dropped to 28,229 shares worth approximately $0.66 million following the completion of this transaction.

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Also, Beachy Karen H purchased 3,300 shares, netting a total of over 75,702 in proceeds.

Before that, MCEVOY M KEVIN had sold 9,675 shares from its account. In a trade valued at $252,711, the Director traded Oceaneering International, Inc. shares for $26.12 each. Upon closing the transaction, the insider’s holdings decreased to 9,675 shares, worth approximately $3.29 million.

As published in their initiating research note from The Benchmark Company on January 19, 2023, Oceaneering International, Inc. [OII] has been a Buy and the price target has been revised to $25. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of February 01, 2022, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for OII. Earlier on May 05, 2021, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for OII stock which previously was a “a Neutral”.

Analyzing OII Stock Performance

During the last five days, there has been a drop of approximately -7.08%. Over the course of the year, Oceaneering International, Inc. shares have jumped approximately 9.16%. Nevertheless, trading volume fell to 0.89 million shares from 0.74 million shares the previous day.