Madison Investment Advisors LLC Invests $11.16 Million in Transocean Ltd. (NYSE:RIG)

Madison Investment Advisors LLC bought a new position in shares of Transocean Ltd. (NYSE:RIG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,975,000 shares of the offshore drilling services provider's stock, valued at approximately $11,156,000. Madison Investment Advisors LLC owned approximately 0.34% of Transocean as of its most recent filing with the Securities & Exchange Commission.

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

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Transocean Stock Down 2.8 %

Shares of RIG stock traded down $0.09 on Tuesday, hitting $3.14. The stock had a trading volume of 39,572,825 shares, compared to its average volume of 21,798,261. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34. The business has a 50 day moving average of $3.46 and a 200 day moving average of $3.92. Transocean Ltd. has a 12-month low of $2.55 and a 12-month high of $6.88. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of -4.30, a price-to-earnings-growth ratio of 0.86 and a beta of 2.72.

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

Insider Buying and Selling at Transocean

In other news, EVP Roderick James Mackenzie sold 22,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $3.85, for a total transaction of $84,700.00. Following the completion of the transaction, the executive vice president now directly owns 313,072 shares of the company's stock, valued at $1,205,327.20. This represents a 6.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.16% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. TD Cowen reduced their price target on shares of Transocean from $6.50 to $5.50 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Benchmark reiterated a "hold" rating on shares of Transocean in a research note on Tuesday, December 3rd. Evercore ISI downgraded Transocean from an "outperform" rating to an "in-line" rating and dropped their price objective for the stock from $6.00 to $5.00 in a research report on Wednesday, January 15th. Barclays decreased their target price on Transocean from $4.50 to $4.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 25th. Finally, Citigroup dropped their target price on shares of Transocean from $4.50 to $3.50 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $5.23.

Transocean 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.