25,000 Shares in Transocean Ltd. (NYSE:RIG) Purchased by Mariner Investment Group LLC

Mariner Investment Group LLC acquired a new stake in Transocean Ltd. (NYSE:RIG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 25,000 shares of the offshore drilling services provider’s stock, valued at approximately $94,000.

A number of other institutional investors have also recently bought and sold shares of RIG. Primecap Management Co. CA raised its position in shares of Transocean by 0.4% in the third quarter. Primecap Management Co. CA now owns 56,342,169 shares of the offshore drilling services provider’s stock valued at $239,454,000 after buying an additional 222,680 shares in the last quarter. State Street Corp increased its stake in Transocean by 11.0% during the 3rd quarter. State Street Corp now owns 19,594,121 shares of the offshore drilling services provider’s stock worth $83,275,000 after acquiring an additional 1,944,723 shares during the period. Pilgrim Global Advisors LLC acquired a new position in Transocean in the 3rd quarter valued at $77,473,000. Geode Capital Management LLC lifted its position in shares of Transocean by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 17,245,298 shares of the offshore drilling services provider’s stock valued at $73,307,000 after acquiring an additional 680,242 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Transocean by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,606,320 shares of the offshore drilling services provider’s stock worth $49,327,000 after purchasing an additional 826,229 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

RIG has been the subject of a number of analyst reports. StockNews.com raised Transocean to a “sell” rating in a research note on Tuesday, November 12th. Benchmark restated a “hold” rating on shares of Transocean in a research report on Tuesday, December 3rd. Barclays upgraded shares of Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 price target on the stock in a research report on Wednesday, December 18th. Susquehanna lowered their price objective on shares of Transocean from $7.00 to $6.50 and set a “positive” rating for the company in a research report on Friday, November 1st. Finally, Evercore ISI downgraded Transocean from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $6.00 to $5.00 in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.94.

Insider Transactions at Transocean

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 $929,863.80. This represents a 8.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.16% of the company’s stock.

Transocean Stock Performance

Shares of RIG stock opened at $3.85 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.64. Transocean Ltd. has a twelve month low of $3.40 and a twelve month high of $6.88. The stock’s fifty day simple moving average is $3.99 and its 200 day simple moving average is $4.44.

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.