Kohmann Bosshard Financial Services LLC Has $309,000 Stock Holdings in Transocean Ltd. (NYSE:RIG)

Kohmann Bosshard Financial Services LLC raised its stake in Transocean Ltd. (NYSE:RIG) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 82,500 shares of the offshore drilling services provider’s stock after buying an additional 7,500 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Transocean were worth $309,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RIG. International Assets Investment Management LLC increased its stake in 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 buying an additional 151,507 shares during the period. Murphy Pohlad Asset Management LLC increased its stake in shares of Transocean by 8.4% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 106,950 shares of the offshore drilling services provider’s stock worth $455,000 after purchasing an additional 8,300 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Transocean by 19.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 33,442 shares of the offshore drilling services provider’s stock worth $142,000 after purchasing an additional 5,344 shares during the last quarter. Atria Investments Inc acquired a new position in shares of Transocean during the 3rd quarter worth $51,000. Finally, Kailix Advisors LLC increased its stake in shares of Transocean by 59.9% during the 3rd quarter. Kailix Advisors LLC now owns 6,620,451 shares of the offshore drilling services provider’s stock worth $28,137,000 after purchasing an additional 2,481,059 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Transocean Stock Performance

NYSE:RIG opened at $2.96 on Friday. Transocean Ltd. has a 1 year low of $2.95 and a 1 year high of $6.88. The firm’s fifty day simple moving average is $3.74 and its 200 day simple moving average is $4.13. 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 firm has a market capitalization of $2.60 billion, a PE ratio of -4.05, a PEG ratio of 0.86 and a beta of 2.70.

Transocean (NYSE:RIG) last issued 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). Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. The company had revenue of $952.00 million during the quarter, compared to the consensus estimate of $962.28 million. On average, sell-side analysts anticipate that Transocean Ltd. will post 0.14 EPS for the current year.

Insider Buying and Selling at Transocean

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $3.85, for a total value of $84,700.00. Following the completion of the sale, the executive vice president now directly owns 313,072 shares of the company’s stock, valued at $1,205,327.20. This represents a 6.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 13.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on RIG shares. TD Cowen dropped their price target on shares of Transocean from $6.50 to $5.50 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Barclays dropped their price target on shares of Transocean from $4.50 to $4.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. Benchmark restated a “hold” rating on shares of Transocean in a research note on Tuesday, December 3rd. StockNews.com upgraded shares of Transocean to a “sell” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upgraded shares of Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research note on Friday, December 6th. 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.75.

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.