14,773 Shares in Transocean Ltd. (NYSE:RIG) Bought by Savant Capital LLC

Savant Capital LLC bought a new position in shares of Transocean Ltd. (NYSE:RIG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,773 shares of the offshore drilling services provider’s stock, valued at approximately $55,000.

Several other institutional investors have also bought and sold shares of the business. Stephens Inc. AR bought a new position in Transocean during the fourth quarter valued at $56,000. Adero Partners LLC bought a new position in Transocean during the fourth quarter valued at $38,000. Stratos Wealth Partners LTD. bought a new position in Transocean during the fourth quarter valued at $40,000. Chicago Partners Investment Group LLC bought a new position in Transocean during the fourth quarter valued at $71,000. Finally, Southern Capital Advisors LLC lifted its position in Transocean by 27.8% during the fourth quarter. Southern Capital Advisors LLC now owns 23,001 shares of the offshore drilling services provider’s stock valued at $86,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Transocean Trading Down 3.0 %

RIG stock opened at $3.45 on Thursday. The company has a market capitalization of $3.02 billion, a PE ratio of -4.59, a P/E/G ratio of 0.85 and a beta of 2.70. Transocean Ltd. has a 12 month low of $3.38 and a 12 month high of $6.88. The firm’s 50-day moving average is $3.80 and its 200 day moving average is $4.23. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.64 and a quick ratio of 1.34.

Transocean (NYSE:RIG) last posted its quarterly earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.11). The company had revenue of $952.00 million during the quarter, compared to analysts’ expectations of $962.28 million. Transocean had a negative return on equity of 1.48% and a negative net margin of 18.81%. On average, research analysts anticipate that Transocean Ltd. will post -0.13 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on RIG shares. Barclays upgraded shares of Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 price objective for the company in a research report on Wednesday, December 18th. TD Cowen lowered their price objective on shares of Transocean from $6.50 to $5.50 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Susquehanna reduced their target price on shares of Transocean from $7.00 to $6.50 and set a “positive” rating on the stock in a research note on Friday, November 1st. Benchmark reissued a “hold” rating on shares of Transocean in a research note on Tuesday, December 3rd. Finally, StockNews.com raised shares of Transocean to a “sell” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Transocean has an average rating of “Hold” and a consensus target price of $5.94.

Insider Buying and Selling

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $3.85, for a total transaction of $84,700.00. Following the transaction, the executive vice president now owns 313,072 shares of the company’s stock, valued at approximately $1,205,327.20. This trade represents a 6.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.16% of the stock is currently owned by insiders.

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.