A Former Oceaneering CEO Sold Some Stock. Here's What Long-Term Investors Should Know
McEvoy disposed of $143,760 in stock as Oceaneering's share price delivered a 113% return over the prior 12 months.
Overview
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 value based on SEC Form 4 weighted average sale price ($47.92); post-transaction value based on July 30, 2026 market close ($47.64).
Details
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.
Source
Originally published at www.fool.com.