First Midwest Bank Trust Division cut its position in Atwood Oceanics, Inc. (NYSE:ATW) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,246 shares of the offshore driller’s stock after selling 2,814 shares during the period. First Midwest Bank Trust Division’s holdings in Atwood Oceanics were worth $124,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. increased its position in Atwood Oceanics by 1.0% in the second quarter. Capstone Asset Management Co. now owns 35,449 shares of the offshore driller’s stock worth $289,000 after buying an additional 350 shares during the period. Public Employees Retirement System of Ohio increased its position in Atwood Oceanics by 6.0% in the first quarter. Public Employees Retirement System of Ohio now owns 19,583 shares of the offshore driller’s stock worth $187,000 after buying an additional 1,104 shares during the period. Mutual of America Capital Management LLC increased its position in Atwood Oceanics by 0.8% in the first quarter. Mutual of America Capital Management LLC now owns 242,108 shares of the offshore driller’s stock worth $2,307,000 after buying an additional 1,803 shares during the period. Ingalls & Snyder LLC increased its position in Atwood Oceanics by 7.9% in the first quarter. Ingalls & Snyder LLC now owns 30,125 shares of the offshore driller’s stock worth $287,000 after buying an additional 2,200 shares during the period. Finally, Alliancebernstein L.P. increased its position in Atwood Oceanics by 2.3% in the first quarter. Alliancebernstein L.P. now owns 102,800 shares of the offshore driller’s stock worth $980,000 after buying an additional 2,300 shares during the period. Institutional investors own 91.97% of the company’s stock.

Shares of Atwood Oceanics, Inc. (NYSE ATW) traded up 4.90% on Friday, hitting $6.64. The 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 stock’s market cap is $534.24 million. The firm’s 50-day moving average is $7.83 and its 200 day moving average is $9.07.

Atwood Oceanics (NYSE:ATW) last announced its quarterly earnings data on Thursday, August 3rd. The offshore driller reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. Atwood Oceanics had a positive return on equity of 2.25% and a negative net margin of 3.06%. The company had revenue of $117.20 million during the quarter, compared to the consensus estimate of $125.89 million. During the same quarter last year, the company earned $1.53 EPS. The company’s quarterly revenue was down 48.6% on a year-over-year basis. Equities analysts forecast that Atwood Oceanics, Inc. will post ($0.29) EPS for the current year.

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A number of equities analysts have recently commented on the company. Jefferies Group LLC set a $10.00 price objective on Atwood Oceanics and gave the stock a “hold” rating in a report on Wednesday, May 17th. Barclays PLC cut their price objective on Atwood Oceanics from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Friday. ValuEngine upgraded Atwood Oceanics from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Atwood Oceanics from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Wednesday, July 12th. Finally, TheStreet downgraded Atwood Oceanics from a “c-” rating to a “d+” rating in a report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Atwood Oceanics currently 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.

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

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