Legal & General Group Plc lifted its holdings in shares of Diamond Offshore Drilling, Inc. (NYSE:DO) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,738 shares of the offshore drilling services provider’s stock after purchasing an additional 671 shares during the period. Legal & General Group Plc owned about 0.15% of Diamond Offshore Drilling worth $2,175,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Treasurer State of Michigan increased its holdings in Diamond Offshore Drilling by 0.8% in the 1st quarter. State Treasurer State of Michigan now owns 26,200 shares of the offshore drilling services provider’s stock worth $438,000 after acquiring an additional 200 shares during the last quarter. Advantus Capital Management Inc increased its holdings in Diamond Offshore Drilling by 3.0% in the 1st quarter. Advantus Capital Management Inc now owns 8,254 shares of the offshore drilling services provider’s stock worth $138,000 after acquiring an additional 242 shares during the last quarter. Stephens Inc. AR increased its holdings in Diamond Offshore Drilling by 0.5% in the 1st quarter. Stephens Inc. AR now owns 55,534 shares of the offshore drilling services provider’s stock worth $928,000 after acquiring an additional 264 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Diamond Offshore Drilling by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 22,573 shares of the offshore drilling services provider’s stock worth $377,000 after acquiring an additional 300 shares during the last quarter. Finally, Mason Street Advisors LLC increased its holdings in Diamond Offshore Drilling by 1.2% in the 1st quarter. Mason Street Advisors LLC now owns 30,457 shares of the offshore drilling services provider’s stock worth $509,000 after acquiring an additional 368 shares during the last quarter.

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Shares of Diamond Offshore Drilling, Inc. (NYSE:DO) opened at 13.27 on Friday. The company has a 50-day moving average price of $11.91 and a 200-day moving average price of $13.02. Diamond Offshore Drilling, Inc. has a 52-week low of $10.06 and a 52-week high of $22.65. The company has a market cap of $1.82 billion, a P/E ratio of 10.79 and a beta of 1.13.

Diamond Offshore Drilling (NYSE:DO) last released its quarterly earnings results on Monday, July 31st. The offshore drilling services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.21. The business had revenue of $399.30 million during the quarter, compared to analysts’ expectations of $381.50 million. Diamond Offshore Drilling had a return on equity of 5.77% and a net margin of 11.19%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. On average, equities analysts predict that Diamond Offshore Drilling, Inc. will post $0.93 EPS for the current year.

Several equities research analysts recently weighed in on DO shares. Jefferies Group LLC set a $14.00 price objective on Diamond Offshore Drilling and gave the stock a “hold” rating in a report on Saturday, July 1st. Clarkson Capital raised Diamond Offshore Drilling from a “neutral” rating to a “buy” rating in a report on Friday, September 1st. Seaport Global Securities reissued a “sell” rating on shares of Diamond Offshore Drilling in a report on Monday, July 31st. Cowen and Company reissued a “hold” rating and issued a $11.00 price objective on shares of Diamond Offshore Drilling in a report on Tuesday, September 5th. Finally, Pareto Securities raised Diamond Offshore Drilling from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Friday, August 18th. Nine investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Diamond Offshore Drilling presently has a consensus rating of “Hold” and a consensus price target of $14.79.

Diamond Offshore Drilling Company Profile

Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig. Its fleet enables it to offer a range of services, primarily in the floater market, including ultra-deepwater, deepwater and mid-water.

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Institutional Ownership by Quarter for Diamond Offshore Drilling (NYSE:DO)

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