Director Kevin McEvoy sold 3,000 shares of Oceaneering International, Inc. (NYSE:OII) on July 30, according to a recent SEC Form 4 filing.
Transaction summary
Transaction value based on SEC Form 4 weighted average sale price ($47.92); post-transaction value based on July 30, 2026 market close ($47.64).
Key questions
What remains of the director’s total equity position following this sale?
After disposing of 3,000 shares, McEvoy retains a direct ownership stake of 134,133 shares, which represents approximately 0.1% of the company.How were the shares executed in the open market?
The shares were sold in multiple transactions at prices ranging from $47.922 to $47.945, resulting in a weighted average execution price of $47.92 per share.What is the financial context of the company at the time of this transaction?
Oceaneering International, a Houston-based provider of specialized engineering services and robotic solutions, reported trailing twelve-month revenue of $2.9 billion and net income of $350.1 million as of the current reporting period.How has the stock performed leading up to this disposal?
The transaction followed a period of appreciation where the share price delivered a 113% return over the 12 months ending July 30.
Company Overview
Company Snapshot
Oceaneering International provides specialized engineering services, innovative products, and advanced robotic solutions, with primary revenue derived from its Subsea Robotics division that deploys Remotely Operated Vehicles (ROVs) for offshore drilling operations and subsea hardware deployment.
The company operates a diversified business model serving multiple end markets, including offshore energy, defense, aerospace, manufacturing, and entertainment, generating revenue through equipment sales, robotics deployment, and specialized engineering services.
Oceaneering’s primary customers include major offshore energy operators, oil and gas exploration companies, and defense contractors, with a global client base spanning both established and emerging energy markets.
Oceaneering International, established in 1964 and headquartered in Houston, Texas, is a global leader in subsea robotics and specialized engineering services. The company maintains a competitive advantage through its proprietary ROV technology, extensive subsea expertise, and diversified service offerings across multiple high-value industrial sectors. With TTM revenue of $2.9 billion and net income of $350.1 million, Oceaneering demonstrates strong operational performance and market positioning in the specialized offshore services industry.
