Atwood Oceanics, Inc. (ATW) Shares Sold by Frontier Wealth Management LLC
Frontier Wealth Management LLC lessened its stake in Atwood Oceanics, Inc. (NYSE:ATW) by 23.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,203 shares of the offshore driller’s stock after selling 5,457 shares during the quarter. Frontier Wealth Management LLC’s holdings in Atwood Oceanics were worth $148,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. OxFORD Asset Management LLP increased its holdings in Atwood Oceanics by 5,000.9% in the 2nd quarter. OxFORD Asset Management LLP now owns 1,809,024 shares of the offshore driller’s stock worth $14,744,000 after acquiring an additional 1,773,559 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Atwood Oceanics by 40.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,416,265 shares of the offshore driller’s stock valued at $52,294,000 after buying an additional 1,860,301 shares during the period. Hancock Holding Co. bought a new stake in shares of Atwood Oceanics during the second quarter valued at about $644,000. Parametric Portfolio Associates LLC increased its position in shares of Atwood Oceanics by 5.5% during the second quarter. Parametric Portfolio Associates LLC now owns 759,533 shares of the offshore driller’s stock valued at $6,190,000 after buying an additional 39,283 shares during the period. Finally, FMR LLC increased its position in shares of Atwood Oceanics by 2.7% during the second quarter. FMR LLC now owns 11,780,701 shares of the offshore driller’s stock valued at $96,013,000 after buying an additional 310,669 shares during the period. 91.97% of the stock is currently owned by institutional investors.
Shares of Atwood Oceanics, Inc. (NYSE ATW) opened at 9.0792 on Monday. The company has a market cap of $588.38 million, a P/E ratio of 2.2199 and a beta of 2.46. Atwood Oceanics, Inc. has a 1-year low of $5.91 and a 1-year high of $15.37. The firm has a 50-day moving average price of $7.02 and a 200-day moving average price of $8.21.
Atwood Oceanics (NYSE:ATW) last issued its quarterly earnings results on Thursday, August 3rd. The offshore driller reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $117.20 million for the quarter, compared to analyst estimates of $125.89 million. Atwood Oceanics had a negative net margin of 3.06% and a positive return on equity of 2.25%. Atwood Oceanics’s quarterly revenue was down 48.6% compared to the same quarter last year. During the same period last year, the company posted $1.53 EPS. On average, equities analysts expect that Atwood Oceanics, Inc. will post ($0.51) EPS for the current year.
Several equities research analysts recently issued reports on ATW shares. ValuEngine lowered Atwood Oceanics from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Group LLC set a $10.00 target price on Atwood Oceanics and gave the stock a “hold” rating in a research note on Monday, June 19th. Piper Jaffray Companies cut shares of Atwood Oceanics from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $15.00 to $10.00 in a research note on Monday, June 19th. Finally, Zacks Investment Research upgraded shares of Atwood Oceanics from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Atwood Oceanics presently has a consensus rating of “Hold” and a consensus price target of $11.67.
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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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