Transocean Ltd. (NYSE:RIG) Shares Purchased by Southern Capital Advisors LLC

Southern Capital Advisors LLC grew its position in shares of Transocean Ltd. (NYSE:RIG) by 27.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 23,001 shares of the offshore drilling services provider’s stock after buying an additional 5,000 shares during the period. Southern Capital Advisors LLC’s holdings in Transocean were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of RIG. Primecap Management Co. CA boosted its position in shares of Transocean by 0.4% during the 3rd quarter. Primecap Management Co. CA now owns 56,342,169 shares of the offshore drilling services provider’s stock valued at $239,454,000 after acquiring an additional 222,680 shares during the last quarter. State Street Corp grew its stake in shares of Transocean by 11.0% in the third quarter. State Street Corp now owns 19,594,121 shares of the offshore drilling services provider’s stock worth $83,275,000 after acquiring an additional 1,944,723 shares in the last quarter. Pilgrim Global Advisors LLC acquired a new stake in Transocean in the 3rd quarter valued at about $77,473,000. Geode Capital Management LLC increased its position in shares of Transocean by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 17,245,298 shares of the offshore drilling services provider’s stock valued at $73,307,000 after purchasing an additional 680,242 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Transocean by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,606,320 shares of the offshore drilling services provider’s stock worth $49,327,000 after acquiring an additional 826,229 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at Transocean

In other Transocean news, EVP Roderick James Mackenzie sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $4.29, for a total value of $85,800.00. Following the transaction, the executive vice president now directly owns 310,857 shares of the company’s stock, valued at $1,333,576.53. This trade represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 13.16% of the company’s stock.

Transocean Price Performance

Shares of RIG stock opened at $3.91 on Friday. Transocean Ltd. has a 1-year low of $3.40 and a 1-year high of $6.88. The firm’s 50-day simple moving average is $3.96 and its 200-day simple moving average is $4.41. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RIG shares. Benchmark restated a “hold” rating on shares of Transocean in a research note on Tuesday, December 3rd. Barclays raised Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 price target for the company in a report on Wednesday, December 18th. Susquehanna reduced their price target on shares of Transocean from $7.00 to $6.50 and set a “positive” rating for the company in a research report on Friday, November 1st. Evercore ISI downgraded shares of Transocean from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $6.00 to $5.00 in a report on Wednesday, January 15th. Finally, TD Cowen reduced their price objective on Transocean from $6.50 to $5.50 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Transocean has a consensus rating of “Hold” and a consensus price target of $5.94.

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.