Texas Permanent School Fund cut its holdings in shares of Rowan Companies PLC (NYSE:RDC) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,801 shares of the oil and gas company’s stock after selling 6,144 shares during the period. Texas Permanent School Fund’s holdings in Rowan Companies were worth $1,203,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Northern Trust Corp grew its position in shares of Rowan Companies by 145.7% during the second quarter. Northern Trust Corp now owns 3,151,757 shares of the oil and gas company’s stock worth $32,274,000 after buying an additional 1,869,194 shares in the last quarter. State Street Corp grew its position in shares of Rowan Companies by 24.1% during the second quarter. State Street Corp now owns 5,078,230 shares of the oil and gas company’s stock worth $52,005,000 after buying an additional 986,257 shares in the last quarter. FMR LLC grew its position in shares of Rowan Companies by 140.0% during the second quarter. FMR LLC now owns 1,640,662 shares of the oil and gas company’s stock worth $16,800,000 after buying an additional 957,047 shares in the last quarter. Contrarius Investment Management Ltd acquired a new position in shares of Rowan Companies during the third quarter worth about $12,259,000. Finally, Wells Fargo & Company MN grew its position in shares of Rowan Companies by 160.5% during the third quarter. Wells Fargo & Company MN now owns 672,795 shares of the oil and gas company’s stock worth $8,646,000 after buying an additional 414,545 shares in the last quarter.
Shares of Rowan Companies PLC (NYSE RDC) opened at $12.81 on Tuesday. Rowan Companies PLC has a fifty-two week low of $9.02 and a fifty-two week high of $19.01. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.80 and a current ratio of 5.80.
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Rowan Companies Company Profile
Rowan Companies plc is a provider of offshore contract drilling services to the international oil and gas industry. The Company operates through two segments: deepwater and jack-ups. Its deepwater segment consists of drillship operations. As of December 31, 2016, the Company’s fleet consisted of 29 mobile offshore drilling units, including 25 self-elevating jack-up rigs and four ultra-deepwater drillships.
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