Jones Financial Companies Lllp Acquires 14,065 Shares of Transocean Ltd. (NYSE:RIG)

Jones Financial Companies Lllp lifted its position in Transocean Ltd. (NYSE:RIG) by 163.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,655 shares of the offshore drilling services provider’s stock after acquiring an additional 14,065 shares during the period. Jones Financial Companies Lllp’s holdings in Transocean were worth $85,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC grew its stake in shares of Transocean by 10.0% in the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 82,500 shares of the offshore drilling services provider’s stock worth $309,000 after buying an additional 7,500 shares during the last quarter. Hosking Partners LLP grew its stake in shares of Transocean by 23.5% in the 4th quarter. Hosking Partners LLP now owns 1,706,143 shares of the offshore drilling services provider’s stock worth $6,398,000 after buying an additional 324,955 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Transocean by 11.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 76,353 shares of the offshore drilling services provider’s stock worth $286,000 after buying an additional 8,087 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of Transocean in the 4th quarter worth approximately $90,000. Finally, Transcend Capital Advisors LLC purchased a new stake in shares of Transocean in the 4th quarter worth approximately $41,000. Institutional investors own 67.73% of the company’s stock.

Transocean Price Performance

Shares of Transocean stock opened at $3.04 on Monday. Transocean Ltd. has a one year low of $2.55 and a one year high of $6.88. The stock’s fifty day moving average is $3.58 and its 200 day moving average is $3.98. The stock has a market cap of $2.67 billion, a P/E ratio of -4.16, a P/E/G ratio of 0.86 and a beta of 2.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 1.47.

Transocean (NYSE:RIG) last announced its earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.11). Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. The company had revenue of $952.00 million during the quarter, compared to the consensus estimate of $962.28 million. Sell-side analysts anticipate that Transocean Ltd. will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Evercore ISI downgraded Transocean from an “outperform” rating to an “in-line” rating and cut their target price for the company from $6.00 to $5.00 in a research note on Wednesday, January 15th. TD Cowen cut their target price on Transocean from $6.50 to $5.50 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upgraded Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a research note on Friday, December 6th. Benchmark reiterated a “hold” rating on shares of Transocean in a research note on Tuesday, December 3rd. Finally, Barclays dropped their price target on Transocean from $4.50 to $4.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.42.

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 stock was sold at an average price of $3.85, for a total transaction of $84,700.00. Following the sale, the executive vice president now directly owns 313,072 shares of the company’s stock, valued at $1,205,327.20. This trade represents a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.16% of the stock is 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.