GuruFocus - On September 10, 2024, Karen Beachy, Director at Oceaneering International Inc (NYSE:OII), executed a sale of 3,300 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 28,229 shares of Oceaneering International Inc.
Oceaneering International Inc specializes in providing engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. The company's services and products are marketed worldwide to oil and gas companies, government agencies, and firms in the aerospace, marine engineering and construction industries.
Over the past year, the insider has sold a total of 10,900 shares and has not made any purchases. The recent transaction is part of a broader trend observed over the past year, where there have been 8 insider sells and no insider buys at Oceaneering International Inc.
Shares of Oceaneering International Inc were priced at $22.94 on the day of the sale. The company has a market cap of approximately $2.28 billion. The price-earnings ratio stands at 18.58, which is above the industry median of 10.57.
The stock's valuation metrics show a GF Value of $21.39, leading to a price-to-GF-Value ratio of 1.07, indicating that the stock is Fairly Valued.
The GF Value is calculated considering historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and stock valuation adjustments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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