OppenheimerFunds Inc. Boosts Position in Atwood Oceanics, Inc. (NYSE:ATW)

OppenheimerFunds Inc. raised its position in shares of Atwood Oceanics, Inc. (NYSE:ATW) by 53.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,656 shares of the offshore driller’s stock after buying an additional 24,335 shares during the period. OppenheimerFunds Inc.’s holdings in Atwood Oceanics were worth $663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New York State Teachers Retirement System increased its position in Atwood Oceanics by 0.6% in the fourth quarter. New York State Teachers Retirement System now owns 158,195 shares of the offshore driller’s stock worth $2,077,000 after buying an additional 900 shares in the last quarter. Capstone Asset Management Co. increased its position in Atwood Oceanics by 3.8% in the first quarter. Capstone Asset Management Co. now owns 35,099 shares of the offshore driller’s stock worth $334,000 after buying an additional 1,270 shares in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Institutional investors own 91.69% of the company’s stock.

Shares of Atwood Oceanics, Inc. (ATW) opened at 7.70 on Wednesday. The stock’s 50 day moving average is $8.92 and its 200-day moving average is $10.26. Atwood Oceanics, Inc. has a 1-year low of $6.12 and a 1-year high of $15.37. The stock has a market cap of $620.00 million, a PE ratio of 6.22 and a beta of 2.37.

Atwood Oceanics (NYSE:ATW) last announced its quarterly earnings data on Monday, May 8th. The offshore driller reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.66. Atwood Oceanics had a net margin of 11.40% and a return on equity of 4.35%. The firm had revenue of $167.71 million during the quarter, compared to analysts’ expectations of $130.51 million. During the same quarter last year, the business earned $1.89 earnings per share. The business’s revenue for the quarter was down 43.4% compared to the same quarter last year. On average, analysts predict that Atwood Oceanics, Inc. will post ($0.30) EPS for the current fiscal year.

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A number of research firms recently issued reports on ATW. Jefferies Group LLC set a $10.00 target price on shares of Atwood Oceanics and gave the company a “hold” rating in a research report on Wednesday, May 17th. ValuEngine upgraded shares of Atwood Oceanics from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Seaport Global Securities upgraded shares of Atwood Oceanics from a “sell” rating to a “neutral” rating in a research report on Friday, June 2nd. Piper Jaffray Companies downgraded shares of Atwood Oceanics from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $15.00 to $10.00 in a research report on Monday, June 19th. Finally, Wood & Company upgraded shares of Atwood Oceanics from an “accumulate” rating to a “buy” rating in a research report on Friday, April 28th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $11.81.

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.

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

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