Kailix Advisors LLC Acquires 2,481,059 Shares of Transocean Ltd. (NYSE:RIG)

Kailix Advisors LLC grew its stake in Transocean Ltd. (NYSE:RIG - Free Report) by 59.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,620,451 shares of the offshore drilling services provider's stock after acquiring an additional 2,481,059 shares during the quarter. Transocean comprises approximately 23.7% of Kailix Advisors LLC's portfolio, making the stock its biggest holding. Kailix Advisors LLC owned approximately 0.76% of Transocean worth $28,137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in RIG. Oppenheimer Asset Management Inc. boosted its position in shares of Transocean by 8.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 22,237 shares of the offshore drilling services provider's stock worth $140,000 after acquiring an additional 1,767 shares during the last quarter. Murphy Pohlad Asset Management LLC boosted its holdings in Transocean by 2.6% in the second quarter. Murphy Pohlad Asset Management LLC now owns 98,650 shares of the offshore drilling services provider's stock valued at $528,000 after acquiring an additional 2,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Transocean by 138.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,633 shares of the offshore drilling services provider's stock worth $25,000 after acquiring an additional 2,693 shares during the last quarter. Muhlenkamp & Co. Inc. raised its holdings in shares of Transocean by 0.4% in the 2nd quarter. Muhlenkamp & Co. Inc. now owns 1,014,269 shares of the offshore drilling services provider's stock worth $5,426,000 after purchasing an additional 3,771 shares during the period. Finally, CWM LLC grew its holdings in shares of Transocean by 36.1% during the 3rd quarter. CWM LLC now owns 17,065 shares of the offshore drilling services provider's stock worth $73,000 after purchasing an additional 4,529 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Transocean Trading Down 2.2 %

Shares of RIG stock traded down $0.10 during trading hours on Friday, hitting $4.47. 20,598,498 shares of the company were exchanged, compared to its average volume of 18,999,784. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.64. Transocean Ltd. has a one year low of $3.85 and a one year high of $6.94. The business's 50-day simple moving average is $4.31 and its two-hundred day simple moving average is $5.04.

Wall Street Analysts Forecast Growth

RIG has been the subject of several recent research reports. Benchmark lowered shares of Transocean from a "buy" rating to a "hold" rating in a research report on Tuesday, October 15th. Susquehanna reduced their price objective on Transocean from $7.00 to $6.50 and set a "positive" rating on the stock in a research note on Friday, November 1st. Morgan Stanley increased their target price on Transocean from $5.00 to $6.00 and gave the company an "equal weight" rating in a research note on Thursday, October 3rd. Citigroup cut Transocean from a "buy" rating to a "neutral" rating in a report on Thursday, September 12th. Finally, StockNews.com upgraded shares of Transocean to a "sell" rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Transocean currently has a consensus rating of "Hold" and an average target price of $6.63.

Insider Activity at Transocean

In other Transocean news, Director Perestroika acquired 1,500,000 shares of the firm's stock in a transaction on Thursday, September 12th. The stock was purchased at an average price of $4.13 per share, with a total value of $6,195,000.00. Following the completion of the acquisition, the director now directly owns 91,074,894 shares in the company, valued at $376,139,312.22. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 13.16% of the company's stock.

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.