Diamond Offshore Drilling, Inc. (DO) Holdings Raised by Voya Investment Management LLC

Voya Investment Management LLC raised its stake in shares of Diamond Offshore Drilling, Inc. (NYSE:DO) by 57.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,829 shares of the offshore drilling services provider’s stock after acquiring an additional 11,222 shares during the period. Voya Investment Management LLC’s holdings in Diamond Offshore Drilling were worth $334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of Diamond Offshore Drilling by 22.0% during the second quarter. BlackRock Inc. now owns 9,209,573 shares of the offshore drilling services provider’s stock valued at $99,741,000 after acquiring an additional 1,658,687 shares during the last quarter. Contrarius Investment Management Ltd increased its position in shares of Diamond Offshore Drilling by 99.0% during the second quarter. Contrarius Investment Management Ltd now owns 6,606,440 shares of the offshore drilling services provider’s stock valued at $71,548,000 after acquiring an additional 3,286,580 shares during the last quarter. Equity Investment Corp Acquisition Inc increased its position in shares of Diamond Offshore Drilling by 76.1% during the second quarter. Equity Investment Corp Acquisition Inc now owns 4,566,588 shares of the offshore drilling services provider’s stock valued at $49,456,000 after acquiring an additional 1,973,653 shares during the last quarter. State Street Corp increased its position in shares of Diamond Offshore Drilling by 5.7% during the first quarter. State Street Corp now owns 2,373,391 shares of the offshore drilling services provider’s stock valued at $39,657,000 after acquiring an additional 128,770 shares during the last quarter. Finally, Majedie Asset Management Ltd increased its position in shares of Diamond Offshore Drilling by 9.4% during the second quarter. Majedie Asset Management Ltd now owns 1,158,256 shares of the offshore drilling services provider’s stock valued at $12,544,000 after acquiring an additional 99,502 shares during the last quarter.

Shares of Diamond Offshore Drilling, Inc. (DO) opened at $17.38 on Monday. The company has a current ratio of 3.58, a quick ratio of 3.58 and a debt-to-equity ratio of 0.52. Diamond Offshore Drilling, Inc. has a 1-year low of $10.06 and a 1-year high of $22.65. The firm has a market cap of $2,385.02, a P/E ratio of 10.10 and a beta of 1.31.

Diamond Offshore Drilling (NYSE:DO) last released its quarterly earnings data on Monday, October 30th. The offshore drilling services provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Diamond Offshore Drilling had a net margin of 10.86% and a return on equity of 6.23%. The company had revenue of $366.02 million for the quarter, compared to analysts’ expectations of $365.38 million. During the same quarter last year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. sell-side analysts expect that Diamond Offshore Drilling, Inc. will post 0.9 EPS for the current year.

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Several research analysts have recently commented on DO shares. UBS AG raised shares of Diamond Offshore Drilling from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $15.00 in a research note on Monday, September 25th. Clarkson Capital raised shares of Diamond Offshore Drilling from a “neutral” rating to a “buy” rating in a research note on Friday, September 1st. Jefferies Group LLC set a $12.00 price objective on shares of Diamond Offshore Drilling and gave the company a “hold” rating in a research note on Friday, August 25th. Cowen and Company reissued a “hold” rating and issued a $11.00 price objective on shares of Diamond Offshore Drilling in a research note on Tuesday, September 5th. Finally, Seaport Global Securities reissued a “sell” rating on shares of Diamond Offshore Drilling in a research note on Monday, July 31st. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.71.

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.

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

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