Overseas Shipholding Group, Inc. is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets. OSG is a major operator of tankers and ATBs in the Jones Act industry. With the addition of this barge, OSG's 22 vessel U.S. Flag fleet consists of three crude oil tankers doing business in Alaska, two conventional ATBs, two lightering ATBs, three shuttle tankers, ten MR tankers, and two non-Jones Act MR tankers that participate in the U.S. Maritime Security Program. OSG also owns and operates two Marshall Islands flagged MR tankers which trade internationally. OSG is committed to setting high standards of excellence for its quality, safety and environmental programs and is recognized as one of the world's most customer-focused marine transportation companies. OSG is headquartered in Tampa, FL.
Company profile
Ticker
OSG
Exchange
Website
CEO
Samuel H. Norton
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Teekay • Atlas • Seaspan • Seacor • Danaos • Genco Shipping & Trading Limited • SFL • Navios Maritime • Tsakos Energy Navigation Limited • Costamare ...
SEC CIK
Corporate docs
Subsidiaries
Akun Island LLC • Alaska Tanker Company, LLC • Kiska Island LLC • Maritrans General Partner Inc. • Maritrans Operating Company L.P. • Mykonos Tanker LLC • OSG 204 LLC • OSG 205 LLC • OSG 244 LLC • OSG Alaska LLC ...
IRS number
132637623
OSG stock data
Investment data
Securities sold
Number of investors
Calendar
8 Aug 22
20 Aug 22
31 Dec 22
Financial summary
| Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 84.44M | 84.44M | 84.44M | 84.44M | 84.44M | 84.44M |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 730K | (no burn) | (no burn) |
| Cash used (since last report) | n/a | n/a | n/a | 1.23M | n/a | n/a |
| Cash remaining | n/a | n/a | n/a | 83.21M | n/a | n/a |
| Runway (months of cash) | n/a | n/a | n/a | 114.0 | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 28 Jul 22 | Susan Allan | Class A Common Stock | Payment of exercise | Dispose F | No | No | 2.05 | 13,330 | 27.33K | 201,043 |
| 28 Jul 22 | Susan Allan | Class A Common Stock | Option exercise | Acquire M | No | No | 2.05 | 54,740 | 112.22K | 214,373 |
| 28 Jul 22 | Susan Allan | RSU Class A Common Stock | Grant | Dispose A | No | No | 0 | 84,216 | 0 | 0 |
| 28 Jul 22 | Damon Mote | Class A Common Stock | Payment of exercise | Dispose F | No | No | 2.05 | 15,107 | 30.97K | 238,994 |
| 28 Jul 22 | Damon Mote | Class A Common Stock | Option exercise | Acquire M | No | No | 2.05 | 62,038 | 127.18K | 254,101 |
| 28 Jul 22 | Damon Mote | RSU Class A Common Stock | Grant | Dispose A | No | No | 0 | 95,444 | 0 | 0 |
| 28 Jul 22 | Patrick Joseph O'Halloran | Class A Common Stock | Payment of exercise | Dispose F | No | No | 2.05 | 15,107 | 30.97K | 239,080 |
| 28 Jul 22 | Patrick Joseph O'Halloran | Class A Common Stock | Option exercise | Acquire M | No | No | 2.05 | 62,038 | 127.18K | 254,187 |
| 28 Jul 22 | Patrick Joseph O'Halloran | RSU Class A Common Stock | Grant | Dispose A | No | No | 0 | 95,444 | 0 | 0 |
| 28 Jul 22 | Trueblood Richard | Class A Common Stock | Payment of exercise | Dispose F | No | No | 2.05 | 17,102 | 35.06K | 244,479 |
Institutional ownership, Q2 2022
55.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 52 |
| Opened positions | 4 |
| Closed positions | 7 |
| Increased positions | 11 |
| Reduced positions | 21 |
| 13F shares | Current |
|---|---|
| Total value | 114.29M |
| Total shares | 49.13M |
| Total puts | 0 |
| Total calls | 92.5K |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Saltchuck Resources | 15.2M | $41.35M |
| Cyrus Capital Partners | 7.35M | $15.07M |
| Paulson & Co. | 6.3M | $12.92M |
| Dimensional Fund Advisors | 3.8M | $7.79M |
| Dumac | 3.66M | $7.5M |
| Vanguard | 2.81M | $5.75M |
| Janney Montgomery Scott | 1.74M | $3.78M |
| Fuller & Thaler Asset Management | 1.2M | $2.46M |
| BLK Blackrock | 1.18M | $2.41M |
| Bridgeway Capital Management | 1.08M | $2.21M |
Financial report summary
?Competition
Euronav MI IIContent analysis
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| Negative | ||
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| Litigous | ||
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H.S. freshman Avg
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New words:
absence, approved, barrel, began, chain, experienced, fact, fall, heavier, Incentive, inflation, Israel, million, modified, open, order, overlapped, parcel, pool, rapid, repair, technical, today
Removed:
actively, Committee, confidence, consistent, contact, deemed, depart, disclose, discrete, disposition, distancing, equipment, face, foregoing, joining, LLC, lower, managing, mandating, mandatory, offer, protective, quarantine, rebound, reluctance, require, requiring, reserve, response, sanitization, seeking, social, spread, testing, visibility
Financial reports
Current reports
8-K
Overseas Shipholding Group Reports Second Quarter 2022 Results
8 Aug 22
8-K
Announces Share Repurchase Program
13 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
3 Jun 22
8-K
Overseas Shipholding Group Reports First Quarter 2022 Results
9 May 22
8-K
Overseas Shipholding Group Reports Fourth Quarter and Full Year 2021 Results
9 Mar 22
8-K
Overseas Shipholding Group Announces Charter Option Decisions for Vessels Leased from American Shipping Company
10 Dec 21
8-K
Overseas Shipholding Group Reports Third Quarter 2021 Results
9 Nov 21
8-K
Entry into a Material Definitive Agreement
4 Oct 21
8-K
Overseas Shipholding Group Announces the Continuation of Exploring Strategic Alternatives
9 Sep 21
8-K
Overseas Shipholding Group Reports Second Quarter 2021 Results
6 Aug 21
Registration and prospectus
S-8
Registration of securities for employees
8 Aug 22
S-8
Registration of securities for employees
11 May 20
S-8
Registration of securities for employees
16 Mar 20
15-15D
Suspension of duty to report
25 Jun 17
S-8 POS
Registration of securities for employees (post-effective amendment)
22 Jun 17
S-8
Registration of securities for employees
6 Jun 17
S-3/A
Shelf registration (amended)
1 Sep 16
S-3
Shelf registration
8 Aug 16
25
Voluntary exchange delisting
11 Jul 16
8-A12B
Registration of securities on exchange
22 Jun 16
Proxies
DEFA14A
Additional proxy soliciting materials
13 May 22
DEFR14A
Revised proxy
27 Apr 22
DEFR14A
Revised proxy
19 May 21
DEFA14A
Additional proxy soliciting materials
19 May 21
DEFA14A
Additional proxy soliciting materials
20 May 20
DEF 14A
Definitive proxy
16 Apr 19
DEFA14A
Additional proxy soliciting materials
30 May 18
Other
UPLOAD
Letter from SEC
9 Feb 17
CORRESP
Correspondence with SEC
6 Feb 17
UPLOAD
Letter from SEC
21 Dec 16
EFFECT
Notice of effectiveness
19 Sep 16
CORRESP
Correspondence with SEC
15 Sep 16
CORRESP
Correspondence with SEC
1 Sep 16
UPLOAD
Letter from SEC
21 Aug 16
CERTNYS
Certification of approval for NYSE listing
24 Nov 15
CERTNYS
Certification of approval for NYSE listing
1 Oct 14
UPLOAD
Letter from SEC
4 Aug 14
Ownership
4
OVERSEAS SHIPHOLDING / Richard Trueblood ownership change
2 Aug 22
4
OVERSEAS SHIPHOLDING / Patrick Joseph O'Halloran ownership change
2 Aug 22
4
OVERSEAS SHIPHOLDING / Samuel H Norton ownership change
2 Aug 22
4
OVERSEAS SHIPHOLDING / Damon Mote ownership change
2 Aug 22
4
OVERSEAS SHIPHOLDING / Susan Allan ownership change
2 Aug 22
4
OVERSEAS SHIPHOLDING / Samuel H Norton ownership change
24 Jun 22
4
OVERSEAS SHIPHOLDING / Gary Eugene Taylor ownership change
21 Jun 22
4
OVERSEAS SHIPHOLDING / DOUGLAS D WHEAT ownership change
1 Jun 22
4
OVERSEAS SHIPHOLDING / Gary Eugene Taylor ownership change
1 Jun 22
4
OVERSEAS SHIPHOLDING / JULIE SILCOCK ownership change
1 Jun 22
Transcripts
2022 Q2
Earnings call transcript
8 Aug 22
2022 Q1
Earnings call transcript
9 May 22
2021 Q4
Earnings call transcript
9 Mar 22
2021 Q3
Earnings call transcript
9 Nov 21
2021 Q2
Earnings call transcript
7 Aug 21
2021 Q1
Earnings call transcript
10 May 21
2020 Q4
Earnings call transcript
7 Apr 21
2020 Q3
Earnings call transcript
6 Nov 20
2020 Q2
Earnings call transcript
7 Aug 20
2020 Q1
Earnings call transcript
8 May 20
Reddit threads
Daily Discussion Thread - August 5th, 2022
5 Aug 22
Daily Discussion Thread - May 9th, 2022
9 May 22
Daily Discussion Thread - May 6th, 2022
6 May 22
Daily Discussion Thread - March 9th, 2022
9 Mar 22
Daily Discussion Thread - March 8th, 2022
8 Mar 22
Daily Discussion Thread - March 7th, 2022
7 Mar 22
Daily Discussion Thread - November 9th, 2021
9 Nov 21
Daily Discussion Thread - November 8th, 2021
8 Nov 21
Daily Plays October 18, 2021
17 Oct 21
Daily Plays October 13, 2021
12 Oct 21