Transocean Ltd. (NYSE:RIG) Stake Raised by Centiva Capital LP

Centiva Capital LP grew its holdings in shares of Transocean Ltd. (NYSE:RIG) by 101.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 201,761 shares of the offshore drilling services provider’s stock after purchasing an additional 101,761 shares during the period. Centiva Capital LP’s holdings in Transocean were worth $857,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Cetera Advisors LLC lifted its stake in Transocean by 185.0% during the first quarter. Cetera Advisors LLC now owns 76,036 shares of the offshore drilling services provider’s stock valued at $478,000 after purchasing an additional 49,356 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Transocean during the 2nd quarter valued at $108,000. Simplicity Wealth LLC bought a new stake in shares of Transocean during the 2nd quarter worth $160,000. SG Americas Securities LLC acquired a new position in shares of Transocean in the 2nd quarter worth $64,000. Finally, Mirador Capital Partners LP raised its position in shares of Transocean by 9.8% during the second quarter. Mirador Capital Partners LP now owns 155,855 shares of the offshore drilling services provider’s stock worth $834,000 after purchasing an additional 13,887 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Transocean Stock Performance

Shares of RIG opened at $4.18 on Friday. Transocean Ltd. has a 52 week low of $3.85 and a 52 week high of $6.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.64. The company has a market capitalization of $3.66 billion, a PE ratio of -5.57 and a beta of 2.75. The company’s 50 day moving average price is $4.30 and its 200 day moving average price is $4.86.

Analyst Ratings Changes

RIG has been the subject of a number of recent analyst reports. Barclays decreased their price target on Transocean from $6.00 to $4.50 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. DNB Markets raised shares of Transocean from a “hold” rating to a “buy” rating in a research report on Tuesday, September 3rd. StockNews.com upgraded shares of Transocean to a “sell” rating in a report on Tuesday, November 12th. Susquehanna decreased their price objective on shares of Transocean from $7.00 to $6.50 and set a “positive” rating for the company in a research note on Friday, November 1st. Finally, Benchmark reissued a “hold” rating on shares of Transocean in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Transocean has an average rating of “Hold” and an average price target of $6.43.

Insider Buying and Selling at Transocean

In other news, EVP Roderick James Mackenzie sold 20,000 shares of Transocean stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $4.29, for a total transaction of $85,800.00. Following the completion of the sale, the executive vice president now directly owns 310,857 shares in the company, valued at $1,333,576.53. The trade was a 6.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Perestroika purchased 1,500,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average cost of $4.13 per share, with a total value of $6,195,000.00. Following the purchase, the director now owns 91,074,894 shares in the company, valued at $376,139,312.22. This represents a 1.67 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 13.16% of the company’s stock.

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.