Transocean Ltd. (NYSE:RIG) Shares Purchased by Hosking Partners LLP

Hosking Partners LLP boosted its position in shares of Transocean Ltd. (NYSE:RIG) by 23.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,706,143 shares of the offshore drilling services provider’s stock after acquiring an additional 324,955 shares during the quarter. Hosking Partners LLP’s holdings in Transocean were worth $6,398,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RIG. Oppenheimer & Co. Inc. boosted its stake in shares of Transocean by 11.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 76,353 shares of the offshore drilling services provider’s stock valued at $286,000 after purchasing an additional 8,087 shares during the period. Thompson Davis & CO. Inc. acquired a new stake in Transocean during the 4th quarter worth approximately $90,000. Transcend Capital Advisors LLC acquired a new stake in Transocean during the 4th quarter worth approximately $41,000. Zullo Investment Group Inc. purchased a new position in Transocean in the 4th quarter valued at approximately $122,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Transocean in the fourth quarter worth $45,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Transocean

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $4.05, for a total transaction of $89,100.00. Following the transaction, the executive vice president now directly owns 229,596 shares of the company’s stock, valued at approximately $929,863.80. This trade represents a 8.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 13.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on RIG shares. StockNews.com upgraded Transocean to a “sell” rating in a research note on Tuesday, November 12th. Benchmark reaffirmed a “hold” rating on shares of Transocean in a research report on Tuesday, December 3rd. Evercore ISI cut Transocean from an “outperform” rating to an “in-line” rating and decreased their price objective for the company from $6.00 to $5.00 in a research note on Wednesday, January 15th. Susquehanna cut 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. Finally, TD Cowen decreased their price target on shares of Transocean from $6.50 to $5.50 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.75.

Transocean Stock Down 1.8 %

RIG stock opened at $3.04 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $3.75 and its two-hundred day moving average is $4.15. The stock has a market cap of $2.67 billion, a P/E ratio of -4.16, a PEG ratio of 0.86 and a beta of 2.70. Transocean Ltd. has a twelve month low of $3.03 and a twelve month high of $6.88.

Transocean (NYSE:RIG) last announced its quarterly earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 14.53% and a negative return on equity of 0.52%. Research analysts expect that Transocean Ltd. will post 0.14 earnings per share for the current fiscal year.

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.