Transocean Ltd. (NYSE:RIG) Shares Purchased by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors grew its position in shares of Transocean Ltd. (NYSE:RIG) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,200 shares of the offshore drilling services provider’s stock after purchasing an additional 3,000 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Transocean were worth $303,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in RIG. Murphy Pohlad Asset Management LLC increased its holdings in shares of Transocean by 1.7% in the 1st quarter. Murphy Pohlad Asset Management LLC now owns 96,150 shares of the offshore drilling services provider’s stock valued at $604,000 after acquiring an additional 1,600 shares during the period. Traynor Capital Management Inc. increased its position in Transocean by 5.2% in the 1st quarter. Traynor Capital Management Inc. now owns 33,257 shares of the offshore drilling services provider’s stock valued at $209,000 after acquiring an additional 1,650 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in Transocean by 16.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 14,371 shares of the offshore drilling services provider’s stock valued at $118,000 after acquiring an additional 2,000 shares during the last quarter. 180 Wealth Advisors LLC lifted its position in Transocean by 7.4% during the 4th quarter. 180 Wealth Advisors LLC now owns 31,496 shares of the offshore drilling services provider’s stock worth $197,000 after acquiring an additional 2,170 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of Transocean by 11.0% in the fourth quarter. Fisher Asset Management LLC now owns 27,714 shares of the offshore drilling services provider’s stock valued at $176,000 after purchasing an additional 2,743 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Transocean Price Performance

Transocean stock traded down $0.01 during trading on Friday, reaching $5.32. The company had a trading volume of 2,568,296 shares, compared to its average volume of 17,285,453. The stock’s 50 day moving average price is $5.64 and its two-hundred day moving average price is $5.69. Transocean Ltd. has a 12-month low of $4.45 and a 12-month high of $8.88. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.35 and a quick ratio of 1.04.

Transocean (NYSE:RIG) last posted its quarterly earnings results on Monday, April 29th. The offshore drilling services provider reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.10. The firm had revenue of $767.00 million during the quarter, compared to the consensus estimate of $781.86 million. Transocean had a negative return on equity of 4.67% and a negative net margin of 13.27%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.38) earnings per share. As a group, sell-side analysts forecast that Transocean Ltd. will post -0.04 earnings per share for the current year.

Insider Buying and Selling

In other Transocean news, Director (Cyprus) Ltd Perestroika purchased 2,000,000 shares of Transocean stock in a transaction on Wednesday, May 15th. The shares were purchased at an average cost of $6.01 per share, with a total value of $12,020,000.00. Following the completion of the transaction, the director now directly owns 87,574,894 shares in the company, valued at approximately $526,325,112.94. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RIG. Susquehanna upgraded shares of Transocean from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $5.50 to $9.00 in a research report on Monday, April 8th. Evercore ISI cut their price objective on Transocean from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Bank of America boosted their target price on shares of Transocean from $5.50 to $6.00 and gave the stock an “underperform” rating in a research report on Monday, April 15th. Finally, Benchmark restated a “buy” rating and set a $8.00 target price on shares of Transocean in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Transocean presently has a consensus rating of “Hold” and a consensus price target of $7.70.

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.