Metropolitan Life Insurance Co. NY increased its position in shares of Atwood Oceanics, Inc. (NYSE:ATW) by 20.6% during the first quarter, Holdings Channel reports. The fund owned 53,841 shares of the offshore driller’s stock after buying an additional 9,187 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Atwood Oceanics were worth $513,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Atwood Oceanics during the fourth quarter worth about $13,233,000. Teachers Advisors LLC increased its position in shares of Atwood Oceanics by 14.6% in the fourth quarter. Teachers Advisors LLC now owns 141,784 shares of the offshore driller’s stock valued at $1,862,000 after buying an additional 18,077 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Atwood Oceanics by 3.8% in the first quarter. Capstone Asset Management Co. now owns 35,099 shares of the offshore driller’s stock valued at $334,000 after buying an additional 1,270 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Atwood Oceanics during the first quarter valued at $360,000. Finally, Louisiana State Employees Retirement System increased its position in shares of Atwood Oceanics by 26.0% in the first quarter. Louisiana State Employees Retirement System now owns 30,500 shares of the offshore driller’s stock valued at $291,000 after buying an additional 6,300 shares during the last quarter. 91.97% of the stock is owned by institutional investors.

Atwood Oceanics, Inc. (NYSE:ATW) traded up 4.90% during midday trading on Friday, reaching $6.64. The company’s stock had a trading volume of 5,401,246 shares. Atwood Oceanics, Inc. has a 1-year low of $6.12 and a 1-year high of $15.37. The company has a 50 day moving average of $7.83 and a 200-day moving average of $9.07. The company’s market capitalization is $534.24 million.

Atwood Oceanics (NYSE:ATW) last posted its earnings results on Thursday, August 3rd. The offshore driller reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The company had revenue of $117.20 million during the quarter, compared to analyst estimates of $125.89 million. Atwood Oceanics had a positive return on equity of 2.25% and a negative net margin of 3.06%. The business’s revenue was down 48.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.53 earnings per share. Equities research analysts anticipate that Atwood Oceanics, Inc. will post ($0.29) earnings per share for the current fiscal year.

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ATW has been the subject of several research analyst reports. Barclays PLC reduced their target price on Atwood Oceanics from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Friday. Piper Jaffray Companies downgraded Atwood Oceanics from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $15.00 to $10.00 in a research note on Monday, June 19th. Zacks Investment Research raised Atwood Oceanics from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a research note on Tuesday, July 25th. Wood & Company raised Atwood Oceanics from an “underperform” rating to a “market perform” rating in a research note on Wednesday, May 31st. Finally, Raymond James Financial, Inc. raised Atwood Oceanics from an “underperform” rating to a “market perform” rating in a research note on Wednesday, May 31st. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $11.40.

About Atwood Oceanics

Atwood Oceanics, Inc is an offshore drilling company engaged in the drilling and completion of exploration and development wells for the global oil and gas industry. The Company owns various types of drilling rigs, such as Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. Its Ultra-deepwater Rigs and Deepwater Semisubmersibles include Atwood Achiever, Atwood Archer, Atwood Admiral, Atwood Advantage, Atwood Condor, Atwood Eagle and Atwood Osprey.

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Institutional Ownership by Quarter for Atwood Oceanics (NYSE:ATW)

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