Envestnet Asset Management Inc. Has $592,000 Position in Diamond Offshore Drilling Inc (DO)

Envestnet Asset Management Inc. grew its position in shares of Diamond Offshore Drilling Inc (NYSE:DO) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,856 shares of the offshore drilling services provider’s stock after buying an additional 3,612 shares during the period. Envestnet Asset Management Inc.’s holdings in Diamond Offshore Drilling were worth $592,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Convergence Investment Partners LLC acquired a new stake in shares of Diamond Offshore Drilling during the 3rd quarter worth approximately $1,159,000. OxFORD Asset Management LLP acquired a new stake in Diamond Offshore Drilling in the 3rd quarter valued at approximately $2,973,000. Schwab Charles Investment Management Inc. increased its position in Diamond Offshore Drilling by 6.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 477,487 shares of the offshore drilling services provider’s stock valued at $6,924,000 after acquiring an additional 28,751 shares during the period. Commonwealth Bank of Australia increased its position in Diamond Offshore Drilling by 6.0% in the 3rd quarter. Commonwealth Bank of Australia now owns 185,541 shares of the offshore drilling services provider’s stock valued at $2,687,000 after acquiring an additional 10,500 shares during the period. Finally, Schroder Investment Management Group increased its position in Diamond Offshore Drilling by 90.4% in the 3rd quarter. Schroder Investment Management Group now owns 742,900 shares of the offshore drilling services provider’s stock valued at $10,631,000 after acquiring an additional 352,700 shares during the period.

Diamond Offshore Drilling Inc (NYSE DO) opened at $18.35 on Friday. Diamond Offshore Drilling Inc has a 1-year low of $10.06 and a 1-year high of $19.95. The company has a current ratio of 3.58, a quick ratio of 3.58 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $2,417.95, a PE ratio of 10.24 and a beta of 1.29.

Diamond Offshore Drilling (NYSE:DO) last posted its quarterly earnings data on Monday, October 30th. The offshore drilling services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $366.02 million for the quarter, compared to analyst estimates of $365.38 million. Diamond Offshore Drilling had a return on equity of 6.23% and a net margin of 10.86%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. equities research analysts anticipate that Diamond Offshore Drilling Inc will post 0.88 EPS for the current year.

A number of brokerages have issued reports on DO. B. Riley reaffirmed a “neutral” rating on shares of Diamond Offshore Drilling in a research note on Wednesday, November 1st. FBR & Co raised Diamond Offshore Drilling from a “sell” rating to a “neutral” rating and set a $13.00 price target for the company in a research note on Tuesday, October 10th. Jefferies Group set a $15.00 price target on Diamond Offshore Drilling and gave the company a “hold” rating in a research note on Monday, October 30th. Royal Bank of Canada raised Diamond Offshore Drilling from an “underperform” rating to a “sector perform” rating and set a $15.00 price target for the company in a research note on Friday, August 25th. Finally, Cowen reissued a “hold” rating and set a $11.00 price objective on shares of Diamond Offshore Drilling in a research note on Tuesday, September 5th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $14.71.

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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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