Stratos Wealth Partners LTD. Purchases Shares of 12,248 Transocean Ltd. $RIG

Stratos Wealth Partners LTD. purchased a new stake in shares of Transocean Ltd. (NYSE:RIG) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,248 shares of the offshore drilling services provider’s stock, valued at approximately $32,000.

Several other institutional investors have also recently made changes to their positions in the stock. Essex LLC raised its holdings in shares of Transocean by 18.1% during the second quarter. Essex LLC now owns 119,366 shares of the offshore drilling services provider’s stock valued at $309,000 after purchasing an additional 18,255 shares during the period. Harbour Investments Inc. raised its holdings in shares of Transocean by 111.8% during the second quarter. Harbour Investments Inc. now owns 23,490 shares of the offshore drilling services provider’s stock valued at $61,000 after purchasing an additional 12,400 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Transocean during the second quarter valued at about $30,000. Sequoia Financial Advisors LLC acquired a new position in shares of Transocean during the second quarter valued at about $38,000. Finally, Yousif Capital Management LLC raised its holdings in shares of Transocean by 23.2% during the second quarter. Yousif Capital Management LLC now owns 26,081 shares of the offshore drilling services provider’s stock valued at $68,000 after purchasing an additional 4,915 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity at Transocean

In other Transocean news, Director Frederik Wilhelm Mohn acquired 4,000,000 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The stock was bought at an average cost of $3.05 per share, with a total value of $12,200,000.00. Following the acquisition, the director owned 95,074,894 shares in the company, valued at approximately $289,978,426.70. This represents a 4.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director (Cyprus) Ltd Perestroika acquired 4,000,000 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The stock was acquired at an average cost of $3.05 per share, with a total value of $12,200,000.00. Following the completion of the acquisition, the director owned 95,074,894 shares in the company, valued at $289,978,426.70. This trade represents a 4.39% increase in their position. The disclosure for this purchase can be found here. 12.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RIG shares. Barclays upped their price objective on shares of Transocean from $3.50 to $4.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of Transocean from a “sell” rating to a “hold” rating in a report on Sunday, August 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Transocean in a report on Saturday. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Transocean has a consensus rating of “Hold” and a consensus target price of $4.26.

Transocean Stock Up 0.2%

Transocean stock opened at $3.90 on Monday. Transocean Ltd. has a twelve month low of $1.97 and a twelve month high of $4.74. The firm has a 50 day moving average price of $3.24 and a 200-day moving average price of $2.87. The company has a market capitalization of $3.67 billion, a P/E ratio of -2.09 and a beta of 2.68. The company has a quick ratio of 0.99, a current ratio of 1.26 and a debt-to-equity ratio of 0.63.

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.