US Bancorp DE maintained its stake in Atwood Oceanics, Inc. (NYSE:ATW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,960 shares of the offshore driller’s stock at the end of the second quarter. US Bancorp DE’s holdings in Atwood Oceanics were worth $105,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ATW. FMR LLC increased its stake in Atwood Oceanics by 18.0% in the first quarter. FMR LLC now owns 11,470,032 shares of the offshore driller’s stock worth $109,309,000 after buying an additional 1,750,720 shares during the last quarter. BlackRock Inc. increased its stake in Atwood Oceanics by 45,068.1% in the first quarter. BlackRock Inc. now owns 9,573,385 shares of the offshore driller’s stock worth $91,235,000 after buying an additional 9,552,190 shares during the last quarter. Vanguard Group Inc. increased its stake in Atwood Oceanics by 24.8% in the first quarter. Vanguard Group Inc. now owns 6,982,878 shares of the offshore driller’s stock worth $66,546,000 after buying an additional 1,386,267 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Atwood Oceanics by 92.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,555,964 shares of the offshore driller’s stock worth $43,418,000 after buying an additional 2,188,009 shares during the last quarter. Finally, Van Den Berg Management I Inc. increased its stake in Atwood Oceanics by 21.7% in the first quarter. Van Den Berg Management I Inc. now owns 3,211,890 shares of the offshore driller’s stock worth $30,609,000 after buying an additional 571,783 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Atwood Oceanics, Inc. (NYSE:ATW) traded down 1.91% on Thursday, reaching $6.67. The company’s stock had a trading volume of 3,043,116 shares. Atwood Oceanics, Inc. has a 52 week low of $5.91 and a 52 week high of $15.37. The stock’s 50 day moving average is $7.31 and its 200-day moving average is $8.62. The firm’s market capitalization is $536.65 million.

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 Zacks’ 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 analysts’ expectations of $125.89 million. During the same quarter in the prior year, the company earned $1.53 EPS. The firm’s quarterly revenue was down 48.6% on a year-over-year basis. Analysts predict that Atwood Oceanics, Inc. will post ($0.44) EPS for the current year.

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ATW has been the topic of several recent research reports. Barclays PLC reduced their price objective on Atwood Oceanics from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Friday, August 11th. Piper Jaffray Companies downgraded Atwood Oceanics from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $10.00 in a research report on Monday, June 19th. BidaskClub upgraded Atwood Oceanics from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Atwood Oceanics from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research report on Tuesday, July 25th. Finally, Wood & Company upgraded Atwood Oceanics from an “underperform” rating to a “market perform” rating in a research report on Wednesday, May 31st. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price 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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