Oceaneering International Inc. director M. Kevin McEvoy executed a sale of 25,678 shares of common stock on March 11, 2026, netting approximately $905,663. The disposal took place while the stock was trading near $33.28, following an 81% increase in the past year.
The shares traded at a weighted average price of $35.27, with individual sale prices recorded between $35.20 and $35.383. After completing the transaction, McEvoy retains direct ownership of 130,404 shares of Oceaneering International.
Company financial snapshot and analyst reaction
Oceaneering’s most recent quarterly results were mixed. For the fourth quarter of 2025, the company reported earnings per share of $0.45, surpassing the expected $0.29 by 55.17%. Revenue for the quarter came in at $669 million, narrowly below the $674.24 million consensus estimate.
TD Cowen adjusted its outlook in response to the quarterly figures by raising its price target on Oceaneering stock from $28 to $34 while maintaining a Hold rating. The firm highlighted resilient pricing in ADTech and subsea robotics, which it noted helped offset lower utilization of remotely operated vehicles tied to vessel support. TD Cowen also observed that the company’s fourth-quarter performance showed revenue slightly under expectations while EBITDA landed a bit ahead of forecasts.
The company is rated as having a "GREAT" financial health score in InvestingPro analysis, a designation applied across a coverage universe of more than 1,400 U.S. stocks evaluated in Pro Research Reports.
What the transaction and results mean
The director’s sale reduced his stake by the specified amount while leaving him with direct ownership of 130,404 shares. The company’s quarter combined an EPS beat with a marginal revenue miss, prompting a measured response from at least one sell-side analyst in the form of an increased price target but a maintained Hold recommendation. Observers noted particular strength in ADTech and subsea robotics pricing as a counterbalance to lower ROV utilization from vessel support during the period.
Summary
- Director M. Kevin McEvoy sold 25,678 Oceaneering shares on March 11, 2026, for about $905,663.
- Post-sale, McEvoy directly owns 130,404 shares.
- Oceaneering reported Q4 2025 EPS of $0.45 against an expected $0.29, and revenue of $669 million versus $674.24 million expected.
- TD Cowen raised its price target to $34 from $28 and kept a Hold rating, noting ADTech and subsea robotics pricing strength and slightly stronger-than-expected EBITDA.