Transocean Ltd. (NYSE:RIG) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC raised its stake in shares of Transocean Ltd. (NYSE:RIG) by 19.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,247 shares of the offshore drilling services provider’s stock after purchasing an additional 2,963 shares during the period. Ballentine Partners LLC’s holdings in Transocean were worth $68,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of Transocean by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 17,245,298 shares of the offshore drilling services provider’s stock worth $73,307,000 after buying an additional 680,242 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Transocean by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,606,320 shares of the offshore drilling services provider’s stock worth $49,327,000 after acquiring an additional 826,229 shares during the last quarter. Barclays PLC raised its holdings in shares of Transocean by 60.1% in the 3rd quarter. Barclays PLC now owns 1,623,924 shares of the offshore drilling services provider’s stock worth $6,902,000 after purchasing an additional 609,681 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Transocean by 335.3% in the 3rd quarter. International Assets Investment Management LLC now owns 196,699 shares of the offshore drilling services provider’s stock valued at $836,000 after purchasing an additional 151,507 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Transocean by 125.9% during the 3rd quarter. MetLife Investment Management LLC now owns 415,031 shares of the offshore drilling services provider’s stock worth $1,764,000 after purchasing an additional 231,334 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Activity

In other news, EVP Roderick James Mackenzie sold 20,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $4.29, for a total value of $85,800.00. Following the sale, the executive vice president now owns 310,857 shares in the company, valued at approximately $1,333,576.53. This represents a 6.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 13.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on RIG shares. Barclays upgraded shares of Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 price target on the stock in a report on Wednesday, December 18th. Evercore ISI lowered shares of Transocean from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $6.00 to $5.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. upgraded Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a report on Friday, December 6th. StockNews.com upgraded Transocean to a “sell” rating in a research note on Tuesday, November 12th. Finally, TD Cowen lowered their target price on Transocean from $6.50 to $5.50 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.94.

Transocean Price Performance

Shares of NYSE RIG opened at $3.85 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.64 and a debt-to-equity ratio of 0.64. Transocean Ltd. has a fifty-two week low of $3.40 and a fifty-two week high of $6.88. The business has a 50 day moving average price of $3.99 and a two-hundred day moving average price of $4.44. The firm has a market cap of $3.37 billion, a PE ratio of -5.13, a price-to-earnings-growth ratio of 0.74 and a beta of 2.73.

About Transocean

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.