Transocean Ltd. (NYSE:RIG) Shares Sold by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC reduced its position in Transocean Ltd. (NYSE:RIG) by 19.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,300 shares of the offshore drilling services provider’s stock after selling 3,000 shares during the quarter. LaFleur & Godfrey LLC’s holdings in Transocean were worth $46,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Transocean by 138.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,633 shares of the offshore drilling services provider’s stock valued at $25,000 after buying an additional 2,693 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of Transocean in the third quarter valued at about $46,000. Atria Investments Inc purchased a new position in shares of Transocean during the 3rd quarter worth approximately $51,000. Pallas Capital Advisors LLC raised its position in shares of Transocean by 25.6% during the 4th quarter. Pallas Capital Advisors LLC now owns 15,332 shares of the offshore drilling services provider’s stock worth $57,000 after purchasing an additional 3,127 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in Transocean by 34.0% during the third quarter. Kovitz Investment Group Partners LLC now owns 15,877 shares of the offshore drilling services provider’s stock worth $62,000 after buying an additional 4,027 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Activity at Transocean

In other Transocean news, EVP Roderick James Mackenzie sold 20,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $4.29, for a total transaction of $85,800.00. Following the completion of the transaction, the executive vice president now directly owns 310,857 shares of the company’s stock, valued at $1,333,576.53. The trade was a 6.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 12.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Barclays raised Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 price objective for the company in a research report on Wednesday, December 18th. StockNews.com upgraded Transocean to a “sell” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. upgraded Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a report on Friday, December 6th. Evercore ISI downgraded shares of Transocean from an “outperform” rating to an “in-line” rating and lowered their price objective for the company from $6.00 to $5.00 in a research report on Wednesday, January 15th. Finally, Morgan Stanley lifted their price target on shares of Transocean from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Transocean currently has an average rating of “Hold” and an average price target of $5.94.

Transocean Stock Performance

RIG stock opened at $4.06 on Monday. The firm has a fifty day moving average price of $4.03 and a two-hundred day moving average price of $4.48. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64. Transocean Ltd. has a 1-year low of $3.40 and a 1-year high of $6.88.

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.