547,367 Shares in Transocean Ltd. $RIG Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp bought a new position in Transocean Ltd. (NYSE:RIG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 547,367 shares of the offshore drilling services provider’s stock, valued at approximately $1,708,000. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Transocean at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Moors & Cabot Inc. increased its holdings in Transocean by 14.7% in the 2nd quarter. Moors & Cabot Inc. now owns 27,350 shares of the offshore drilling services provider’s stock worth $71,000 after buying an additional 3,500 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in shares of Transocean by 34.5% in the 2nd quarter. HBK Sorce Advisory LLC now owns 16,134 shares of the offshore drilling services provider’s stock worth $42,000 after purchasing an additional 4,139 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of Transocean by 40.2% in the second quarter. Wedbush Securities Inc. now owns 15,350 shares of the offshore drilling services provider’s stock worth $40,000 after buying an additional 4,400 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Transocean by 78.0% during the second quarter. SBI Securities Co. Ltd. now owns 10,729 shares of the offshore drilling services provider’s stock valued at $28,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Transocean by 23.2% in the 2nd quarter. Yousif Capital Management LLC now owns 26,081 shares of the offshore drilling services provider’s stock worth $68,000 after buying an additional 4,915 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Transocean

In related news, EVP Roderick James Mackenzie sold 35,000 shares of Transocean stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $4.48, for a total value of $156,800.00. Following the completion of the sale, the executive vice president owned 212,072 shares in the company, valued at approximately $950,082.56. This trade represents a 14.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederik Wilhelm Mohn purchased 1,500,000 shares of the company’s stock in a transaction on Monday, November 24th. The stock was acquired at an average price of $4.02 per share, with a total value of $6,030,000.00. Following the purchase, the director owned 96,574,894 shares of the company’s stock, valued at approximately $388,231,073.88. This represents a 1.58% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders sold 712,970 shares of company stock worth $3,152,132. Insiders own 12.27% of the company’s stock.

Transocean Stock Performance

Shares of RIG stock opened at $4.98 on Friday. Transocean Ltd. has a 52-week low of $1.97 and a 52-week high of $5.17. The stock has a market cap of $5.48 billion, a PE ratio of -1.52 and a beta of 1.36. The business has a 50-day simple moving average of $4.31 and a 200-day simple moving average of $3.65. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 0.60.

Transocean (NYSE:RIG) last announced its quarterly earnings results on Wednesday, October 29th. The offshore drilling services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm had revenue of ($1,894.00) million during the quarter, compared to analyst estimates of $1.01 billion. Transocean had a positive return on equity of 0.45% and a negative net margin of 75.71%.The business’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts expect that Transocean Ltd. will post 0.14 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on RIG. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Transocean in a research note on Thursday, January 22nd. Citigroup increased their price target on Transocean from $4.25 to $4.50 and gave the company a “neutral” rating in a report on Thursday, December 11th. Susquehanna raised their price objective on shares of Transocean from $4.50 to $5.00 and gave the stock a “positive” rating in a research note on Wednesday, January 7th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Transocean in a research note on Wednesday, December 10th. Finally, Barclays boosted their price target on Transocean from $4.00 to $4.50 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.38.

About Transocean

Transocean Ltd. is a leading international provider of offshore contract drilling services for the oil and gas industry. The company specializes in the operation of mobile drilling units, including ultra-deepwater drillships, semisubmersible rigs and high-specification jackup rigs. Transocean’s fleet is designed to meet complex drilling requirements, from ultra-deepwater well construction to shelf exploration and development projects.

The company’s core services encompass the full spectrum of offshore drilling operations, including project and engineering management, marine operations, drilling supervision, and maintenance support.