Stevens Capital Management LP bought a new position in shares of Atwood Oceanics, Inc. (NYSE:ATW) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,081,866 shares of the offshore driller’s stock, valued at approximately $8,817,000. Stevens Capital Management LP owned 1.34% of Atwood Oceanics as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Arizona State Retirement System boosted its position in Atwood Oceanics by 0.3% during the second quarter. Arizona State Retirement System now owns 39,100 shares of the offshore driller’s stock worth $319,000 after purchasing an additional 100 shares during the period. Capstone Asset Management Co. boosted its position in Atwood Oceanics by 1.0% during the second quarter. Capstone Asset Management Co. now owns 35,449 shares of the offshore driller’s stock worth $289,000 after purchasing an additional 350 shares during the period. Texas Permanent School Fund boosted its position in Atwood Oceanics by 0.9% during the second quarter. Texas Permanent School Fund now owns 54,672 shares of the offshore driller’s stock worth $446,000 after purchasing an additional 490 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in Atwood Oceanics by 6.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 17,670 shares of the offshore driller’s stock worth $144,000 after purchasing an additional 1,030 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in Atwood Oceanics by 6.0% during the first quarter. Public Employees Retirement System of Ohio now owns 19,583 shares of the offshore driller’s stock worth $187,000 after purchasing an additional 1,104 shares during the period. 91.97% of the stock is owned by hedge funds and other institutional investors.

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Shares of Atwood Oceanics, Inc. (NYSE:ATW) traded up 1.52% on Friday, hitting $8.02. The company had a trading volume of 5,747,079 shares. The company’s market capitalization is $645.27 million. The firm has a 50-day moving average price of $7.01 and a 200 day moving average price of $8.28. Atwood Oceanics, Inc. has a 12-month low of $5.91 and a 12-month high of $15.37.

Atwood Oceanics (NYSE:ATW) last announced its quarterly earnings data on Thursday, August 3rd. The offshore driller reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $117.20 million during the quarter, compared to analysts’ expectations of $125.89 million. Atwood Oceanics had a positive return on equity of 2.25% and a negative net margin of 3.06%. The company’s quarterly revenue was down 48.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.53 EPS. Equities analysts expect that Atwood Oceanics, Inc. will post ($0.51) EPS for the current year.

A number of equities research analysts have issued reports on the company. ValuEngine raised Atwood Oceanics from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Seaport Global Securities raised Atwood Oceanics from a “sell” rating to a “neutral” rating in a research report on Friday, June 2nd. Barclays PLC reaffirmed an “underweight” rating and set a $10.00 target price (up previously from $7.00) on shares of Atwood Oceanics in a research report on Wednesday, May 31st. Wood & Company raised Atwood Oceanics from an “underperform” rating to a “market perform” rating in a research report on Wednesday, May 31st. Finally, Raymond James Financial, Inc. raised Atwood Oceanics from an “underperform” rating to a “market perform” rating in a research report on Wednesday, May 31st. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.72.

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

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