(GuruFocus, June 3, 2009)Investment Guru PRIMECAP Management added 27.5% to its position of Oceaneering International Inc. (OII, Financial) on May 31, 2009. The Trading price is $51.42 per share. After the trade, PRIMECAP Management owns 2,823,800 shares of the underwater services contractor company.
PRIMECAP Management started to own OII in 1Q08 with a small position of 337,300 shares. It increased its position gradually during the past four quarters. OII share price, however, dropped from $80 during the summer of 2008 to a low of $20 per share in early December 2008. It has since recovered to the current of $51.42 per share.
Oceaneering International Inc. (OII) is an applied technology company that provides engineered services and hardware to customers who operate in marine space and other harsh environments. The company is one of the world's largest underwater services contractors. Oceaneering International Inc. has a market cap of $2.78 billion; its shares were traded at around $50.83 with a P/E ratio of 13.9 and P/S ratio of 1.4. Oceaneering International Inc. had an annual average earning growth of 38.8% over the past 10 years. GuruFocus rated Oceaneering International Inc. the business predictability rank of 3.5-star.
On April 30, 2009, Oceaneering International, Inc. ( OII ) reported record first quarter earnings for the period ended March 31, 2009. On revenue of $435 million, Oceaneering generated net income of $44.3 million, or $0.80 per share. During the corresponding period in 2008, Oceaneering reported revenue of $436 millionand net income of $41.3 million, or $0.73 per share as restated.
Besides PRIMECAP Management, Kenneth Fisher also owns 1,154,463 shares as of 03/31/2009, which accounts for 0.21% of the $20.33 billion portfolio of Fisher Asset Management, LLC.
Insiders, however, has been selling the company’s shares: Recently President, CEO T Jay Collins sold 56,037 shares of OII stock on 05/12/2009 at the average price of $50; Sr VP; CFO Marvin J Migura sold 7,333 shares of OII stock on 05/20/2009 at the average price of $50.33, and he sold 15,417 more shares of OII stock on 05/12/2009 at the average price of $49.94. Several directors also sold stocks. For details, go to Insider Buys/Sells Information at GuruFocus
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PRIMECAP Management started to own OII in 1Q08 with a small position of 337,300 shares. It increased its position gradually during the past four quarters. OII share price, however, dropped from $80 during the summer of 2008 to a low of $20 per share in early December 2008. It has since recovered to the current of $51.42 per share.
Oceaneering International Inc. (OII) is an applied technology company that provides engineered services and hardware to customers who operate in marine space and other harsh environments. The company is one of the world's largest underwater services contractors. Oceaneering International Inc. has a market cap of $2.78 billion; its shares were traded at around $50.83 with a P/E ratio of 13.9 and P/S ratio of 1.4. Oceaneering International Inc. had an annual average earning growth of 38.8% over the past 10 years. GuruFocus rated Oceaneering International Inc. the business predictability rank of 3.5-star.
On April 30, 2009, Oceaneering International, Inc. ( OII ) reported record first quarter earnings for the period ended March 31, 2009. On revenue of $435 million, Oceaneering generated net income of $44.3 million, or $0.80 per share. During the corresponding period in 2008, Oceaneering reported revenue of $436 millionand net income of $41.3 million, or $0.73 per share as restated.
Besides PRIMECAP Management, Kenneth Fisher also owns 1,154,463 shares as of 03/31/2009, which accounts for 0.21% of the $20.33 billion portfolio of Fisher Asset Management, LLC.
Insiders, however, has been selling the company’s shares: Recently President, CEO T Jay Collins sold 56,037 shares of OII stock on 05/12/2009 at the average price of $50; Sr VP; CFO Marvin J Migura sold 7,333 shares of OII stock on 05/20/2009 at the average price of $50.33, and he sold 15,417 more shares of OII stock on 05/12/2009 at the average price of $49.94. Several directors also sold stocks. For details, go to Insider Buys/Sells Information at GuruFocus
GuruFocus provides Real Time Guru Picks and Insider Buys/Sells information for Premium Member. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.Â
