Oceaneering International Inc (NYSE:OII), a provider of technical services and products primarily for the offshore oil and gas industry with a focus on deepwater applications, has reported an insider sale, according to a recent SEC filing. The company’s Senior Vice President and Chief Financial Officer, Alan Curtis, sold 21,070 shares on August 15, 2024. Following this transaction, the insider now owns 154,144 shares of the company.

Over the past year, Alan Curtis has sold a total of 52,081 shares and purchased no shares. This latest transaction continues a trend of insider selling at Oceaneering International Inc., with a total of six insider sales and no insider purchases reported over the past year.

Oceaneering International Inc. shares were trading at $27.32 on the day of the sale. The company has a market capitalization of around $2.75 billion. The stock’s price-to-earnings ratio is 22.40, which is higher than both the industry median of 10.97 and the company’s historical median.

The GF Value of the stock is estimated at $21.31, which suggests that the stock is slightly overvalued with a Price to GF Value ratio of 1.28.

The GF value is calculated based on historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, adjusted by a GuruFocus factor that takes into account past earnings and growth as well as Morningstar analyst estimates of future business performance.

This insider sale may be of interest to current and potential investors, as insider transactions can provide valuable insight into a company’s financial health and future prospects.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.