XTX Topco Ltd Buys 5,542 Shares of Transocean Ltd. (NYSE:RIG)

XTX Topco Ltd boosted its stake in shares of Transocean Ltd. (NYSE:RIG) by 5.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,545 shares of the offshore drilling services provider’s stock after buying an additional 5,542 shares during the quarter. XTX Topco Ltd’s holdings in Transocean were worth $533,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. OLD Point Trust & Financial Services N A bought a new position in Transocean during the fourth quarter valued at about $25,000. Nisa Investment Advisors LLC bought a new position in Transocean during the second quarter worth about $30,000. Fiducient Advisors LLC bought a new position in Transocean during the first quarter worth about $63,000. SG Americas Securities LLC bought a new position in Transocean during the second quarter worth about $64,000. Finally, Fermata Advisors LLC bought a new position in Transocean during the first quarter worth about $75,000. Institutional investors own 67.73% of the company’s stock.

Transocean Stock Up 0.5 %

Shares of NYSE RIG opened at $4.58 on Wednesday. Transocean Ltd. has a 52 week low of $3.85 and a 52 week high of $8.71. The company has a market cap of $4.30 billion, a price-to-earnings ratio of -8.80 and a beta of 2.79. The firm’s fifty day moving average is $4.92 and its 200 day moving average is $5.44. The company has a quick ratio of 1.08, a current ratio of 1.36 and a debt-to-equity ratio of 0.63.

Transocean (NYSE:RIG) last released its quarterly earnings results on Wednesday, July 31st. The offshore drilling services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.07). The firm had revenue of $861.00 million for the quarter, compared to the consensus estimate of $862.25 million. Transocean had a negative net margin of 11.34% and a negative return on equity of 4.76%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. On average, equities research analysts expect that Transocean Ltd. will post -0.19 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Perestroika acquired 1,500,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were bought at an average cost of $4.13 per share, with a total value of $6,195,000.00. Following the transaction, the director now owns 91,074,894 shares of the company’s stock, valued at approximately $376,139,312.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Perestroika bought 1,500,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were purchased at an average price of $4.13 per share, for a total transaction of $6,195,000.00. Following the completion of the purchase, the director now owns 91,074,894 shares in the company, valued at approximately $376,139,312.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director (Cyprus) Ltd Perestroika purchased 2,000,000 shares of Transocean stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $5.23 per share, with a total value of $10,460,000.00. Following the transaction, the director now directly owns 89,574,894 shares of the company’s stock, valued at $468,476,695.62. The disclosure for this purchase can be found here. Corporate insiders own 13.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Transocean to a “sell” rating in a research report on Monday, August 5th. DNB Markets upgraded shares of Transocean from a “hold” rating to a “buy” rating in a research report on Tuesday, September 3rd. Benchmark restated a “buy” rating and issued a $8.00 price objective on shares of Transocean in a research report on Friday, August 2nd. Morgan Stanley lowered their target price on shares of Transocean from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Finally, Citigroup downgraded shares of Transocean from a “buy” rating to a “neutral” rating in a research note on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.00.

Transocean Company Profile

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.