Thrivent Financial For Lutherans Sells 420,117 Shares of Atwood Oceanics, Inc. (ATW)

Thrivent Financial For Lutherans reduced its holdings in shares of Atwood Oceanics, Inc. (NYSE:ATW) by 90.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,550 shares of the offshore driller’s stock after selling 420,117 shares during the period. Thrivent Financial For Lutherans owned about 0.06% of Atwood Oceanics worth $363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue grew its position in Atwood Oceanics by 77.5% during the second quarter. State of Alaska Department of Revenue now owns 14,660 shares of the offshore driller’s stock valued at $119,000 after acquiring an additional 6,400 shares during the last quarter. Municipal Employees Retirement System of Michigan grew 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 valued at $144,000 after acquiring an additional 1,030 shares during the last quarter. Mason Street Advisors LLC grew its position in Atwood Oceanics by 32.9% during the first quarter. Mason Street Advisors LLC now owns 17,499 shares of the offshore driller’s stock valued at $167,000 after acquiring an additional 4,329 shares during the last quarter. Virtu Financial LLC bought a new position in Atwood Oceanics during the second quarter valued at approximately $176,000. Finally, Public Employees Retirement System of Ohio grew 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 valued at $187,000 after acquiring an additional 1,104 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

ATW has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Atwood Oceanics from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Tuesday, July 18th. ValuEngine upgraded shares of Atwood Oceanics from a “hold” rating to a “buy” rating in a report on Friday, July 28th. TheStreet cut shares of Atwood Oceanics from a “c-” rating to a “d+” rating in a report on Monday, August 7th. Finally, Piper Jaffray Companies set a $10.00 target price on shares of Atwood Oceanics and gave the stock a “hold” rating in a report on Monday, August 21st. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $11.67.

Atwood Oceanics (NYSE:ATW) last announced its quarterly earnings data on Thursday, August 3rd. The offshore driller reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Atwood Oceanics had a positive return on equity of 2.25% and a negative net margin of 3.06%. The company had revenue of $117.20 million for the quarter, compared to the consensus estimate of $125.89 million. During the same quarter in the prior year, the company posted $1.53 EPS. Atwood Oceanics’s quarterly revenue was down 48.6% on a year-over-year basis.

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Other hedge funds and other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue grew its position in Atwood Oceanics by 77.5% during the second quarter. State of Alaska Department of Revenue now owns 14,660 shares of the offshore driller’s stock valued at $119,000 after acquiring an additional 6,400 shares during the last quarter. Municipal Employees Retirement System of Michigan grew 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 valued at $144,000 after acquiring an additional 1,030 shares during the last quarter. Mason Street Advisors LLC grew its position in Atwood Oceanics by 32.9% during the first quarter. Mason Street Advisors LLC now owns 17,499 shares of the offshore driller’s stock valued at $167,000 after acquiring an additional 4,329 shares during the last quarter. Virtu Financial LLC bought a new position in Atwood Oceanics during the second quarter valued at approximately $176,000. Finally, Public Employees Retirement System of Ohio grew 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 valued at $187,000 after acquiring an additional 1,104 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

ATW has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Atwood Oceanics from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Tuesday, July 18th. ValuEngine upgraded shares of Atwood Oceanics from a “hold” rating to a “buy” rating in a report on Friday, July 28th. TheStreet cut shares of Atwood Oceanics from a “c-” rating to a “d+” rating in a report on Monday, August 7th. Finally, Piper Jaffray Companies set a $10.00 target price on shares of Atwood Oceanics and gave the stock a “hold” rating in a report on Monday, August 21st. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $11.67.

Atwood Oceanics (NYSE:ATW) last announced its quarterly earnings data on Thursday, August 3rd. The offshore driller reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Atwood Oceanics had a positive return on equity of 2.25% and a negative net margin of 3.06%. The company had revenue of $117.20 million for the quarter, compared to the consensus estimate of $125.89 million. During the same quarter in the prior year, the company posted $1.53 EPS. Atwood Oceanics’s quarterly revenue was down 48.6% on a year-over-year basis.

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

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