Robotti Robert buys $11,270,184 stake in Atwood Oceanics (ATW)

Atwood Oceanics (ATW) : Robotti Robert scooped up 469,495 additional shares in Atwood Oceanics during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 1,226,353 shares of Atwood Oceanics which is valued at $11,270,184.Atwood Oceanics makes up approximately 3.83% of Robotti Robert’s portfolio.

Other Hedge Funds, Including , Tci Wealth Advisors added ATW to its portfolio by purchasing 65 company shares during the most recent quarter which is valued at $644.Lsv Asset Management reduced its stake in ATW by selling 38,500 shares or 3.7% in the most recent quarter. The Hedge Fund company now holds 1,003,311 shares of ATW which is valued at $10,203,673. Atwood Oceanics makes up approx 0.02% of Lsv Asset Management’s portfolio.American Century Companies Inc reduced its stake in ATW by selling 341,669 shares or 22.24% in the most recent quarter. The Hedge Fund company now holds 1,194,908 shares of ATW which is valued at $13,024,497. Atwood Oceanics makes up approx 0.01% of American Century Companies Inc’s portfolio.Capstone Asset Management Co boosted its stake in ATW in the latest quarter, The investment management firm added 160 additional shares and now holds a total of 29,989 shares of Atwood Oceanics which is valued at $357,769. Atwood Oceanics makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

Atwood Oceanics opened for trading at $8.28 and hit $8.77 on the upside on Tuesday, eventually ending the session at $8.54, with a gain of 1.30% or 0.11 points. The heightened volatility saw the trading volume jump to 26,05,679 shares. Company has a market cap of $553 M.

On the company’s financial health, Atwood Oceanics reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.66 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.87. The company had revenue of $227.80 million for the quarter, compared to analysts expectations of $228.97 million. The company’s revenue was down -31.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.73 EPS.

Many Wall Street Analysts have commented on Atwood Oceanics. Shares were Reiterated by RBC Capital Mkts on Aug 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 11 from a previous price target of $14 .Company shares were Reiterated by Deutsche Bank on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 15 from a previous price target of $11 .Seaport Global Securities Downgraded Atwood Oceanics on Jul 14, 2016 to ” Sell”, Price Target of the shares are set at $9.

Atwood Oceanics Inc. is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The Company has a fleet of approximately 13 mobile offshore drilling units located around the world. The Company’s fleet includes Ultra-Deepwater Rigs Deepwater Semisubmersibles and Jackups. Its segment Offshore Contract Drilling Services consists of mobile offshore drilling units and related equipment comprising its offshore rig fleet. Its segment conducts offshore contract drilling operations located in the United States Gulf of Mexico the Mediterranean Sea offshore West Africa offshore Southeast Asia and offshore Australia. The Company’s projects are Atwood Advantage Atwood Achiever Atwood Admiral and Atwood Archer. The Atwood Advantage Atwood Achiever Atwood Admiral and Atwood Archer are DP-3 dynamically-positioned dual derrick ultra-deepwater drillships rated to operate in water depths approximately up to 12000 feet.

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