Transocean Ltd. (NYSE:RIG) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC decreased its position in Transocean Ltd. (NYSE:RIG) by 36.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,100 shares of the offshore drilling services provider’s stock after selling 8,500 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Transocean were worth $96,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC raised its holdings in Transocean by 13.3% in the third quarter. LaFleur & Godfrey LLC now owns 15,300 shares of the offshore drilling services provider’s stock valued at $126,000 after acquiring an additional 1,800 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Transocean by 16.2% in the third 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 in the last quarter. 180 Wealth Advisors LLC raised its holdings in Transocean by 7.4% in the fourth quarter. 180 Wealth Advisors LLC now owns 31,496 shares of the offshore drilling services provider’s stock valued at $197,000 after acquiring an additional 2,170 shares in the last quarter. IHT Wealth Management LLC raised its holdings in Transocean by 13.7% in the fourth quarter. IHT Wealth Management LLC now owns 19,212 shares of the offshore drilling services provider’s stock valued at $88,000 after acquiring an additional 2,317 shares in the last quarter. Finally, Snowden Capital Advisors LLC raised its holdings in Transocean by 6.4% in the first quarter. Snowden Capital Advisors LLC now owns 41,657 shares of the offshore drilling services provider’s stock valued at $265,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Transocean Stock Down 2.3 %

Shares of RIG opened at $5.91 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.22 and a current ratio of 1.52. The company’s 50 day simple moving average is $5.60 and its 200-day simple moving average is $6.10. Transocean Ltd. has a 12-month low of $4.45 and a 12-month high of $8.88.

Transocean (NYSE:RIG) last announced its earnings results on Monday, February 19th. The offshore drilling services provider reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.12. The business had revenue of $741.00 million for the quarter, compared to analyst estimates of $779.17 million. Transocean had a negative net margin of 33.69% and a negative return on equity of 7.13%. During the same period last year, the firm posted ($0.49) earnings per share. Sell-side analysts expect that Transocean Ltd. will post 0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on RIG shares. Susquehanna upgraded shares of Transocean from a “neutral” rating to a “positive” rating and increased their price target for the company from $5.50 to $9.00 in a research note on Monday, April 8th. Bank of America increased their price target on shares of Transocean from $5.50 to $6.00 and gave the company an “underperform” rating in a research note on Monday. Barclays dropped their price target on shares of Transocean from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 22nd. Morgan Stanley dropped their price target on shares of Transocean from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Finally, StockNews.com upgraded shares of Transocean to a “sell” rating in a research note on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.22.

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.