Oceaneering International Inc (OII) Files Form 4 Insider Buying : David K Lawrence Buys 90 Shares

Oceaneering International Inc (OII): David K Lawrence , Sr. V.P., Gen.Counsel and Sec. of Oceaneering International Inc purchased 90 shares on Jun 30, 2016. The Insider buying transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were purchased at $30.22 per share for a total value of $2,719.71 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 30, 2016, David K Lawrence (Sr. V.P., Gen.Counsel and Sec.) purchased 90 shares at $30.22 per share price.On Jun 29, 2016, Stephen P Barrett (Sr. V.P., Subsea Products) purchased 1,000 shares at $28.91 per share price.Also, On May 31, 2016, T Jay Collins (director) sold 20,000 shares at $33.05 per share price.On Nov 12, 2015, John R Huff (director) sold 200,000 shares at $44.17 per share price.

Oceaneering International: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Oceaneering International which led to swings in the share price. The shares opened for trading at $28.72 and hit $29.75 on the upside , eventually ending the session at $29.52, with a gain of 3.14% or 0.9 points. The heightened volatility saw the trading volume jump to 18,88,740 shares. The 52-week high of the share price is $48.11 and the company has a market cap of $2,895 M . The 52-week low of the share price is at $25.33.

Oceaneering International Money Flow Index Chart

Company has been under the radar of several Street Analysts.Oceaneering International is Initiated by JP Morgan to Underweight and the brokerage firm has set the Price Target at $23. The Rating was issued on Jun 22, 2016.Oceaneering International is Upgraded by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 36 from a previous price target of $30 .Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on May 20, 2016.Oceaneering International is Reiterated by Cowen to Market Perform and the brokerage firm has raised the Price Target to $ 31 from a previous price target of $25 .The Rating was issued on May 2, 2016.Oceaneering International is Upgraded by Societe Generale to Buy. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 29, 2016.

Oceaneering International Inc. is an oilfield provider of engineered services and products to the offshore oil and gas industry with a focus on deep water applications. The Company’s business segments are contained within two businesses such as services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies). The Company’s four business segments within the Oil and Gas business includes Remotely Operated Vehicles (ROVs) Subsea Products Subsea Projects and Asset Integrity. The Company also provides remote asset management software services. The Company provides services and products such as remotely operated vehicles specialty subsea hardware engineering and project management subsea intervention services including manned diving and asset integrity and non-destructive testing services. The Company’s foreign operations are principally focused in the North Sea Africa Brazil Australia and Asia.

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