51,559 Shares in Transocean Ltd. (NYSE:RIG) Acquired by Client 1ST Advisory Group LLC

Client 1ST Advisory Group LLC acquired a new stake in Transocean Ltd. (NYSE:RIG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 51,559 shares of the offshore drilling services provider’s stock, valued at approximately $193,000.

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

Insider Buying and Selling

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $4.05, for a total transaction of $89,100.00. Following the sale, the executive vice president now owns 229,596 shares in the company, valued at approximately $929,863.80. This represents a 8.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RIG. StockNews.com upgraded shares of Transocean to a “sell” rating in a report on Tuesday, November 12th. Barclays upgraded shares of Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 price objective for the company in a research report on Wednesday, December 18th. Benchmark reiterated a “hold” rating on shares of Transocean in a report on Tuesday, December 3rd. 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. Finally, Evercore ISI cut Transocean from an “outperform” rating to an “in-line” rating and cut their price objective for the company from $6.00 to $5.00 in a report on Wednesday, January 15th. Two equities research 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.94.

Transocean Price Performance

Shares of RIG opened at $4.06 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 twelve month low of $3.40 and a twelve month high of $6.88. The stock has a market capitalization of $3.55 billion, a P/E ratio of -5.41, a P/E/G ratio of 0.67 and a beta of 2.73. The company has a 50 day moving average of $4.03 and a 200-day moving average of $4.48.

Transocean 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.