Transocean Ltd. (NYSE:RIG) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its holdings in Transocean Ltd. (NYSE:RIG) by 51.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 634,803 shares of the offshore drilling services provider’s stock after purchasing an additional 215,729 shares during the quarter. Deutsche Bank AG owned about 0.07% of Transocean worth $2,381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC grew its holdings in Transocean by 60.1% in the 3rd quarter. Barclays PLC now owns 1,623,924 shares of the offshore drilling services provider’s stock valued at $6,902,000 after buying an additional 609,681 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of Transocean by 19.4% in the fourth quarter. Ballentine Partners LLC now owns 18,247 shares of the offshore drilling services provider’s stock valued at $68,000 after purchasing an additional 2,963 shares during the period. PFG Investments LLC increased its position in Transocean by 6.0% during the fourth quarter. PFG Investments LLC now owns 195,087 shares of the offshore drilling services provider’s stock worth $732,000 after purchasing an additional 11,000 shares during the last quarter. Blue Trust Inc. increased its position in Transocean by 96.2% during the fourth quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider’s stock worth $37,000 after purchasing an additional 4,826 shares during the last quarter. Finally, KBC Group NV raised its stake in Transocean by 31.6% during the fourth quarter. KBC Group NV now owns 31,295 shares of the offshore drilling services provider’s stock worth $117,000 after purchasing an additional 7,510 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $2.78, for a total value of $61,160.00. Following the sale, the executive vice president now owns 340,841 shares of the company’s stock, valued at $947,537.98. This trade represents a 6.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.27% of the stock is currently owned by insiders.

Transocean Stock Performance

NYSE RIG opened at $2.40 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34. The company has a market cap of $2.12 billion, a P/E ratio of -3.29, a P/E/G ratio of 0.86 and a beta of 2.52. The stock has a 50-day moving average of $2.57 and a two-hundred day moving average of $3.38. Transocean Ltd. has a 1-year low of $1.97 and a 1-year high of $6.25.

Transocean (NYSE:RIG) last announced its quarterly earnings data on Monday, April 28th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $906.00 million during the quarter, compared to analysts’ expectations of $884.92 million. Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) earnings per share. As a group, analysts anticipate that Transocean Ltd. will post 0.14 EPS for the current year.

Analyst Ratings Changes

RIG has been the subject of a number of recent analyst reports. Susquehanna cut their price target on shares of Transocean from $5.00 to $4.00 and set a “positive” rating for the company in a report on Monday, April 14th. Morgan Stanley lowered their price objective on Transocean from $4.00 to $3.50 and set an “equal weight” rating for the company in a research report on Friday, May 16th. Citigroup reduced their target price on Transocean from $4.50 to $3.50 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. SEB Equity Research set a $2.80 price target on Transocean in a research note on Wednesday, March 5th. Finally, Barclays cut their price objective on Transocean from $4.00 to $3.50 and set an “overweight” rating for the company in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $4.58.

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.