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OII Oceaneering International

Oceaneering International, Inc. is a global provider of engineered services and products to the offshore oil and gas industry. The Company offers services and products in remotely operated vehicles, mobile offshore production systems, engineering and product management, manned diving, and other deep water applications. Oceaneering also serves the defense and aerospace industries.

OII stock data

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Calendar

30 Jul 21
4 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 456.09M 456.09M 456.09M 456.09M 456.09M 456.09M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 2.92M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a n/a 3.42M n/a n/a
Cash remaining n/a n/a n/a 452.67M n/a n/a
Runway (months of cash) n/a n/a n/a 154.9 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Jun 21 Earl Childress Common Stock Grant Aquire A No No 0 12,899 0 57,758
23 Jun 21 Benjamin Laura Common Stock Grant Aquire A No No 0 9,213 0 43,532
3 Jun 21 Charles Davison Common Stock Payment of exercise Dispose F No No 18.2 24,949 454.07K 193,056
12 May 21 M Kevin Mcevoy Common Stock Sell Dispose S No No 15.095 30,000 452.85K 129,909
15 Mar 21 M Kevin Mcevoy Common Stock Sell Dispose S No No 14.13 38,325 541.53K 228,448
12 Mar 21 M Kevin Mcevoy Common Stock Sell Dispose S No No 14.8 6,000 88.8K 266,773

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

88.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 178 175 +1.7%
Opened positions 32 31 +3.2%
Closed positions 29 17 +70.6%
Increased positions 59 51 +15.7%
Reduced positions 65 73 -11.0%
13F shares
Current Prev Q Change
Total value 1.59B 689.28M +130.2%
Total shares 88.14M 86.66M +1.7%
Total puts 100 0 NEW
Total calls 25.6K 43.8K -41.6%
Total put/call ratio 0.0
Largest owners
Shares Value Change
BLK Blackrock 18.45M $210.65M +8.6%
Vanguard 11.12M $126.95M +2.2%
FMR 7.32M $83.63M -30.5%
STT State Street 4.1M $46.84M -4.5%
Dimensional Fund Advisors 3.71M $42.38M -7.3%
Charles Schwab Investment Management 2.62M $29.93M +158.2%
Van Eck Associates 2.42M $27.65M +23.9%
Sourcerock 2.3M $26.28M +26.9%
Sourcerock Fund 2.3M $26.28M NEW
Fisher Asset Management 2.27M $25.93M -4.8%
Largest transactions
Shares Bought/sold Change
FMR 7.32M -3.21M -30.5%
Sourcerock Fund 2.3M +2.3M NEW
Charles Schwab Investment Management 2.62M +1.61M +158.2%
BLK Blackrock 18.45M +1.45M +8.6%
Norges Bank 0 -1.41M EXIT
Lord, Abbett & Co. 890.79K +890.79K NEW
D. E. Shaw & Co. 1.34M -698.89K -34.2%
Intrinsic Edge Capital Management 569.9K +569.9K NEW
Schroder Investment Management 845.45K -533.62K -38.7%
Sourcerock 2.3M +487.98K +26.9%

Financial report summary

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Management Discussion
  • We operate in five business segments. The segments are contained within two businesses — services and products provided primarily to the oil and gas industry, and to a lesser extent, the offshore renewables and mobility solutions industries (“Energy Services and Products”) and services and products provided to non-energy industries (“Aerospace and Defense Technologies”). Our Unallocated Expenses are those not associated with a specific business segment.
  • We generate a material amount of our consolidated revenue from contracts for services in the U.S. Gulf of Mexico in our OPG segment, which is usually more active in the second and third quarters, as compared to the rest of the year. The European operations of our IMDS segment are also seasonally more active in the second and third quarters. Revenue in our Subsea Robotics segment is subject to seasonal variations in demand, with our first quarter generally being the low quarter of the year. The level of our Subsea Robotics seasonality depends on the number of Remotely Operated Vehicles (“ROVs”) we have engaged in vessel-based subsea infrastructure inspection, maintenance, repair and installation, which is more seasonal than drilling support. Revenue in each of our Manufactured Products and ADTech segments generally has not been seasonal.
  • We had operating income of $23 million, $14 million and $37 million in the three-month periods ended June 30, 2021 and March 31, 2021, and the six-month period ended June 30, 2021, respectively. We had operating losses of $5.2 million and $386 million in the three- and six-month periods ended June 30, 2020, respectively. Included in our operating income and loss for the three months ended June 30, 2021, June 30, 2020 and March 31, 2021 were certain charges of $1.4 million, $5.7 million and $1.3 million, respectively. Included in our operating income and loss for the six months ended June 30, 2021 and 2020, were certain charges of $2.7 million and $391 million, respectively. These charges were primarily due to market conditions requiring impairment of certain of our assets along with other costs we recognized as we adapted our geographic footprint and staffing levels to the conditions of the markets we serve and are summarized as follows:
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
New words: capable, complemented, conventional, core, coupled, downtime, extinguishment, flexibility, ideal, IsurusTM, lag, moderately, nonrecurring, notified, par, reclassified, solid, unpaid, unplanned, upgraded
Removed: added, aggressively, depict, execution, faithfully, fewer, fourth, implementing, led, reduced, remained, safety, slightly

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