Metropolitan Life Insurance Co. NY Increases Position in Atwood Oceanics, Inc. (ATW)
Metropolitan Life Insurance Co. NY increased its position in shares of Atwood Oceanics, Inc. (NYSE:ATW) by 20.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 owned approximately 0.07% of Atwood Oceanics worth $513,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ATW. Everence Capital Management Inc. bought a new position in shares of Atwood Oceanics during the first quarter worth approximately $104,000. Brandes Investment Partners LP bought a new position in shares of Atwood Oceanics during the first quarter worth approximately $117,000. Municipal Employees Retirement System of Michigan raised its position in shares of Atwood Oceanics by 20.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 16,640 shares of the offshore driller’s stock worth $159,000 after buying an additional 2,880 shares during the period. Eqis Capital Management Inc. raised 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 worth $163,000 after buying an additional 3,416 shares during the period. Finally, Mason Street Advisors LLC raised its position in shares of Atwood Oceanics by 32.9% in the first quarter. Mason Street Advisors LLC now owns 17,499 shares of the offshore driller’s stock worth $167,000 after buying an additional 4,329 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.
Atwood Oceanics, Inc. (NYSE:ATW) traded up 4.90% during midday trading on Friday, reaching $6.64. 5,401,246 shares of the company’s stock were exchanged. Atwood Oceanics, Inc. has a 12-month low of $6.12 and a 12-month high of $15.37. The company’s market cap is $534.24 million. The firm has a 50-day moving average price of $7.83 and a 200 day moving average price of $9.07.
Atwood Oceanics (NYSE:ATW) last released its quarterly earnings data on Thursday, August 3rd. The offshore driller reported ($0.05) earnings per share for the quarter, beating the 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 firm had revenue of $117.20 million during the quarter, compared to the consensus estimate of $125.89 million. During the same period in the previous year, the company posted $1.53 earnings per share. The firm’s quarterly revenue was down 48.6% on a year-over-year basis. On average, analysts expect that Atwood Oceanics, Inc. will post ($0.29) EPS for the current fiscal year.
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A number of research analysts have issued reports on the stock. DNB Markets upgraded shares of Atwood Oceanics from a “sell” rating to a “hold” rating in a research report on Friday, May 19th. ValuEngine upgraded shares of Atwood Oceanics from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Clarkson Capital upgraded shares of Atwood Oceanics from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Friday, May 12th. Zacks Investment Research lowered shares of Atwood Oceanics from a “hold” rating to a “sell” rating in a research report on Monday, April 17th. Finally, Jefferies Group LLC set a $10.00 target price on shares of Atwood Oceanics and gave the stock a “hold” rating in a research report on Wednesday, May 17th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Atwood Oceanics has a consensus rating of “Hold” and a consensus 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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