Stock Message Boards
Energy Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door ValueForum.com
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Transocean Ltd. (RIG) Shares Enter Oversold Territory
Friday, October 17, 3:58 PM ET, by Market News Video Staff

In trading on Friday, shares of Transocean Ltd. (RIG) entered into oversold territory, changing hands ...

HLX Makes Bullish Cross Above Critical Moving Average
Tuesday, October 21, 12:22 PM ET, by Market News Video Staff

In trading on Tuesday, shares of Helix Energy Solutions Group Inc (HLX) crossed above their ...

First Week of December 20th Options Trading For Oceaneering International (OII)
Wednesday, October 22, 10:44 AM ET, by Market News Video Staff

Investors in Oceaneering International, Inc. (OII) saw new options begin trading this week, for the ...

Oceaneering International Larger Than S&P 500 Component Gannett
Thursday, October 23, 4:36 PM ET, by Market News Video Staff

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Oceaneering ...

Reminder - Compressco Partners (GSJK) Goes Ex-Dividend Soon
Monday, October 27, 11:11 AM ET, by Market News Video Staff

On 10/29/14, Compressco Partners L.P. (GSJK) will trade ex-dividend, for its quarterly dividend of $0.46, ...

  More articles:  1 2 3 4 5 6 7 next »

Top Buys by Directors: Hughes's $312.7K Bet on OII

By Energy Stock Channel Staff, Thursday, February 28, 11:22 AM ET
Play Video: One Reason For Insiders to Buy


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $312.7K by D. Michael Hughes, Director at Oceaneering International, Inc. (NYSE:OII).

Hughes bets big on OII:

Purchased Insider Title Shares Price/Share Value
02/26/2013 D. Michael Hughes Director 5,139 $60.85 $312,683.44

Hughes's average cost works out to $60.85/share. Shares of Oceaneering International, Inc. were changing hands at $63.85 at last check, trading up about 0.8% on Thursday. The chart below shows the one year performance of OII shares, versus its 200 day moving average:

Oceaneering International, Inc. Chart

Looking at the chart above, OII's low point in its 52 week range is $43.22 per share, with $65.37 as the 52 week high point that compares with a last trade of $63.85.

According to the ETF Finder at ETF Channel, OII makes up 4.74% of the Dynamic Oil & Gas Services Portfolio ETF (AMEX:PXJ) which is trading higher by about 0.7% on the day Thursday.

See what other ETFs contain OII
See what other stocks are held by PXJ


Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial .


This Article's Word Cloud:   Definition   Director   ETFs   Hughes   Importance   Insider   International   Michael   Oceaneering   Price   Share   Shares   Special   Thursday   Value   about   average   both   business   buys   changing   chart   company   directors   earned   expect   insider   last   make   makes   maybe   open   other   over   period   point   raquo   share   stock   take   that   they   trading   unique   view   week   what   which   wise   with

Top Buys by Directors: Hughes's $312.7K Bet on OII | www.EnergyStockChannel.com | Copyright © 2010 - 2014, All Rights Reserved

Nothing in Energy Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and energy stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Energy Stock Channel; Meet Our Editorial Staff.