The Manufacturers Life Insurance Company grew its stake in shares of Diamond Offshore Drilling Inc (NYSE:DO) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,194 shares of the offshore drilling services provider’s stock after buying an additional 11,843 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.11% of Diamond Offshore Drilling worth $2,904,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. bought a new position in Diamond Offshore Drilling during the third quarter worth about $126,000. Wright Investors Service Inc. bought a new position in Diamond Offshore Drilling during the fourth quarter worth about $204,000. US Bancorp DE boosted its holdings in Diamond Offshore Drilling by 77.5% during the fourth quarter. US Bancorp DE now owns 11,957 shares of the offshore drilling services provider’s stock worth $222,000 after buying an additional 5,219 shares during the last quarter. Highbridge Capital Management LLC bought a new position in Diamond Offshore Drilling during the third quarter worth about $262,000. Finally, New Mexico Educational Retirement Board bought a new position in Diamond Offshore Drilling during the fourth quarter worth about $297,000.
In related news, Director Charles Fabrikant sold 1,500 shares of Diamond Offshore Drilling stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $18.55, for a total value of $27,825.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.03% of the stock is currently owned by company insiders.
Shares of Diamond Offshore Drilling Inc (NYSE DO) opened at $14.98 on Wednesday. Diamond Offshore Drilling Inc has a 1 year low of $10.06 and a 1 year high of $20.41. The stock has a market capitalization of $2,089.98, a P/E ratio of 18.57 and a beta of 1.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.97 and a quick ratio of 3.97.
Diamond Offshore Drilling (NYSE:DO) last announced its earnings results on Monday, February 12th. The offshore drilling services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. Diamond Offshore Drilling had a return on equity of 2.96% and a net margin of 1.23%. The business had revenue of $346.20 million for the quarter, compared to analyst estimates of $331.98 million. During the same quarter last year, the firm earned $0.27 EPS. Diamond Offshore Drilling’s revenue for the quarter was down 11.7% compared to the same quarter last year. equities analysts expect that Diamond Offshore Drilling Inc will post -0.3 earnings per share for the current year.
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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