State of Alaska Department of Revenue boosted its stake in shares of Atwood Oceanics, Inc. (NYSE:ATW) by 77.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,660 shares of the offshore driller’s stock after buying an additional 6,400 shares during the period. State of Alaska Department of Revenue’s holdings in Atwood Oceanics were worth $119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Atwood Oceanics by 69.1% in the first quarter. Bank of New York Mellon Corp now owns 1,991,238 shares of the offshore driller’s stock valued at $18,977,000 after buying an additional 813,666 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of Atwood Oceanics by 24.9% in the first quarter. Eqis Capital Management Inc. now owns 17,121 shares of the offshore driller’s stock valued at $163,000 after buying an additional 3,416 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Atwood Oceanics by 26.0% in the first quarter. Great West Life Assurance Co. Can now owns 100,337 shares of the offshore driller’s stock valued at $956,000 after buying an additional 20,697 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Atwood Oceanics by 5.3% in the first quarter. Canada Pension Plan Investment Board now owns 501,200 shares of the offshore driller’s stock valued at $4,776,000 after buying an additional 25,200 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Atwood Oceanics by 19.6% in the first quarter. Wells Fargo & Company MN now owns 906,017 shares of the offshore driller’s stock valued at $8,634,000 after buying an additional 148,563 shares during the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

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

Atwood Oceanics (NYSE:ATW) last released its quarterly earnings data 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. Atwood Oceanics had a negative net margin of 3.06% and a positive return on equity of 2.25%. The business had revenue of $117.20 million during the quarter, compared to analyst estimates of $125.89 million. During the same quarter last year, the business earned $1.53 earnings per share. Atwood Oceanics’s quarterly revenue was down 48.6% compared to the same quarter last year. Equities analysts anticipate that Atwood Oceanics, Inc. will post ($0.29) earnings per share for the current year.

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Several brokerages have commented on ATW. ValuEngine raised shares of Atwood Oceanics from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Seaport Global Securities raised shares of Atwood Oceanics from a “sell” rating to a “neutral” rating in a report on Friday, June 2nd. Wood & Company raised shares of Atwood Oceanics from an “underperform” rating to a “market perform” rating in a report on Wednesday, May 31st. Raymond James Financial, Inc. raised shares of Atwood Oceanics from an “underperform” rating to a “market perform” rating in a report on Wednesday, May 31st. Finally, Barclays PLC reissued an “underweight” rating and issued a $10.00 price target (up from $7.00) on shares of Atwood Oceanics in a report on Wednesday, May 31st. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $11.40.

Atwood Oceanics Company Profile

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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