Transocean Ltd. (NYSE:RIG) Shares Sold by XTX Topco Ltd

XTX Topco Ltd cut its holdings in Transocean Ltd. (NYSE:RIG - Free Report) by 28.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 467,532 shares of the offshore drilling services provider's stock after selling 185,046 shares during the period. XTX Topco Ltd owned 0.05% of Transocean worth $1,753,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Ballentine Partners LLC grew its stake in shares of Transocean by 19.4% during the 4th quarter. Ballentine Partners LLC now owns 18,247 shares of the offshore drilling services provider's stock valued at $68,000 after buying an additional 2,963 shares during the period. Pallas Capital Advisors LLC boosted its holdings in Transocean by 25.6% in the fourth quarter. Pallas Capital Advisors LLC now owns 15,332 shares of the offshore drilling services provider's stock valued at $57,000 after acquiring an additional 3,127 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Transocean by 4.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 107,012 shares of the offshore drilling services provider's stock valued at $401,000 after acquiring an additional 4,285 shares during the period. Blue Trust Inc. increased its stake in Transocean by 96.2% during the fourth quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider's stock worth $37,000 after acquiring an additional 4,826 shares during the last quarter. Finally, Southern Capital Advisors LLC raised its holdings in shares of Transocean by 27.8% in the 4th quarter. Southern Capital Advisors LLC now owns 23,001 shares of the offshore drilling services provider's stock worth $86,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Transocean

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $2.23, for a total value of $49,060.00. Following the sale, the executive vice president now owns 362,841 shares of the company's stock, valued at $809,135.43. This trade represents a 5.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. SEB Equity Research set a $2.80 target price on shares of Transocean in a research report on Wednesday, March 5th. Barclays reduced their target price on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating on the stock in a report on Monday, April 7th. Susquehanna lowered their price target on Transocean from $5.00 to $4.00 and set a "positive" rating for the company in a report on Monday. Citigroup reduced their price objective on Transocean from $4.50 to $3.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Finally, Morgan Stanley lowered their target price on Transocean from $5.00 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $4.59.

Transocean Stock Up 5.3 %

RIG stock traded up $0.12 during mid-day trading on Friday, hitting $2.28. 44,828,532 shares of the company were exchanged, compared to its average volume of 24,116,913. The firm has a fifty day simple moving average of $2.96 and a 200 day simple moving average of $3.69. The company has a market capitalization of $2.01 billion, a PE ratio of -3.12, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. Transocean Ltd. has a twelve month low of $1.97 and a twelve month high of $6.38. The company has a current ratio of 1.47, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

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

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.