Transocean Ltd. (NYSE:RIG) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its position in Transocean Ltd. (NYSE:RIG) by 35.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,071 shares of the offshore drilling services provider’s stock after acquiring an additional 35,071 shares during the period. Vontobel Holding Ltd.’s holdings in Transocean were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its holdings in shares of Transocean by 8.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 22,237 shares of the offshore drilling services provider’s stock valued at $140,000 after purchasing an additional 1,767 shares during the period. Murphy Pohlad Asset Management LLC increased its holdings in Transocean by 2.6% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 98,650 shares of the offshore drilling services provider’s stock worth $528,000 after buying an additional 2,500 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Transocean by 138.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,633 shares of the offshore drilling services provider’s stock worth $25,000 after buying an additional 2,693 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Transocean by 11.0% during the 4th quarter. Fisher Asset Management LLC now owns 27,714 shares of the offshore drilling services provider’s stock valued at $176,000 after acquiring an additional 2,743 shares during the period. Finally, Vanguard Capital Wealth Advisors boosted its holdings in shares of Transocean by 6.6% in the 1st quarter. Vanguard Capital Wealth Advisors now owns 48,200 shares of the offshore drilling services provider’s stock valued at $303,000 after acquiring an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director (Cyprus) Ltd Perestroika purchased 2,000,000 shares of the stock in a transaction dated 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 completion of the purchase, the director now directly owns 89,574,894 shares of the company’s stock, valued at approximately $468,476,695.62. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Transocean news, Director (Cyprus) Ltd Perestroika purchased 2,000,000 shares of the firm’s stock in a transaction dated 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 completion of the purchase, the director now owns 89,574,894 shares in the company, valued at approximately $468,476,695.62. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Perestroika purchased 1,500,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average price of $4.13 per share, for a total transaction of $6,195,000.00. Following the completion of the transaction, the director now directly owns 91,074,894 shares of the company’s stock, valued at $376,139,312.22. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 13.16% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Transocean from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. StockNews.com raised Transocean to a “sell” rating in a report on Thursday, October 10th. Susquehanna dropped their target price on Transocean from $8.00 to $7.00 and set a “positive” rating on the stock in a report on Friday, October 11th. DNB Markets raised Transocean from a “hold” rating to a “buy” rating in a report on Tuesday, September 3rd. Finally, Citigroup cut shares of Transocean from a “buy” rating to a “neutral” rating in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Transocean currently has a consensus rating of “Hold” and an average target price of $6.88.

Transocean Trading Up 0.6 %

Shares of NYSE:RIG opened at $4.27 on Tuesday. The business’s 50 day moving average price is $4.53 and its 200-day moving average price is $5.22. Transocean Ltd. has a 1 year low of $3.85 and a 1 year high of $7.16. The company has a current ratio of 1.36, a quick ratio of 1.08 and a debt-to-equity ratio of 0.63.

Transocean (NYSE:RIG) last posted its quarterly earnings data on Wednesday, July 31st. The offshore drilling services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.07). Transocean had a negative net margin of 11.34% and a negative return on equity of 4.76%. The company had revenue of $861.00 million for the quarter, compared to analysts’ expectations of $862.25 million. During the same period in the previous year, the business earned ($0.15) earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. Research analysts anticipate that Transocean Ltd. will post -0.17 earnings per share for the current year.

Transocean 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.