ExodusPoint Capital Management LP Has $186,000 Holdings in Transocean Ltd. (NYSE:RIG)

ExodusPoint Capital Management LP trimmed its position in Transocean Ltd. (NYSE:RIG - Free Report) by 86.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,543 shares of the offshore drilling services provider's stock after selling 307,745 shares during the period. ExodusPoint Capital Management LP's holdings in Transocean were worth $186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of RIG. Charles Schwab Investment Management Inc. grew its position in Transocean by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,465,534 shares of the offshore drilling services provider's stock valued at $46,746,000 after buying an additional 859,214 shares during the period. Hosking Partners LLP raised its position in shares of Transocean by 23.5% during the 4th quarter. Hosking Partners LLP now owns 1,706,143 shares of the offshore drilling services provider's stock worth $6,398,000 after purchasing an additional 324,955 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Transocean by 4.1% during the third 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 acquiring an additional 680,242 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Transocean by 33.9% in the 4th quarter. Van ECK Associates Corp now owns 15,393,873 shares of the offshore drilling services provider's stock valued at $57,727,000 after purchasing an additional 3,895,880 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in Transocean by 25.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 499,801 shares of the offshore drilling services provider's stock worth $1,874,000 after acquiring an additional 100,691 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RIG. Evercore ISI lowered 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 research report on Wednesday, January 15th. Citigroup decreased their price target on Transocean from $4.50 to $3.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. TD Cowen lowered their price objective on shares of Transocean from $6.50 to $5.50 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Barclays decreased their price target on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating for the company in a research report on Monday, April 7th. Finally, Susquehanna reduced their price objective on Transocean from $5.00 to $4.00 and set a "positive" rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $4.59.

Insider Buying and Selling at Transocean

In other news, EVP Roderick James Mackenzie sold 22,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $2.23, for a total value of $49,060.00. Following the completion of the transaction, the executive vice president now owns 362,841 shares of the company's stock, valued at approximately $809,135.43. This represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 13.16% of the stock is owned by insiders.

Transocean Stock Performance

Shares of RIG stock traded up $0.12 during trading hours on Friday, reaching $2.28. 44,828,532 shares of the company's stock were exchanged, compared to its average volume of 24,116,913. The company's 50 day moving average is $2.96 and its two-hundred day moving average is $3.69. The company has a market cap of $2.01 billion, a P/E ratio of -3.12, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34. Transocean Ltd. has a 1 year low of $1.97 and a 1 year high of $6.38.

Transocean (NYSE:RIG - Get Free Report) last released its earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.11). Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. The business had revenue of $952.00 million for the quarter, compared to analysts' expectations of $962.28 million. Equities research analysts anticipate that Transocean Ltd. will post 0.14 EPS for the current fiscal year.

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.