Vontobel Holding Ltd. Buys 43,662 Shares of Transocean Ltd. $RIG

Vontobel Holding Ltd. lifted its position in shares of Transocean Ltd. (NYSE:RIG) by 18.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 284,511 shares of the offshore drilling services provider’s stock after buying an additional 43,662 shares during the quarter. Vontobel Holding Ltd.’s holdings in Transocean were worth $737,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RIG. Jump Financial LLC increased its holdings in Transocean by 156.2% in the 1st quarter. Jump Financial LLC now owns 1,489,600 shares of the offshore drilling services provider’s stock valued at $4,722,000 after buying an additional 908,219 shares during the period. Keybank National Association OH increased its stake in shares of Transocean by 14.2% in the 1st quarter. Keybank National Association OH now owns 13,480,351 shares of the offshore drilling services provider’s stock valued at $42,733,000 after purchasing an additional 1,672,958 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Transocean by 594.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 221,615 shares of the offshore drilling services provider’s stock valued at $703,000 after purchasing an additional 189,708 shares during the last quarter. Quantbot Technologies LP bought a new position in Transocean in the first quarter valued at about $688,000. Finally, Lane Generational LLC grew its position in Transocean by 11.4% in the first quarter. Lane Generational LLC now owns 1,163,302 shares of the offshore drilling services provider’s stock valued at $3,688,000 after acquiring an additional 118,673 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Transocean Stock Performance

Shares of Transocean stock opened at $3.19 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. Transocean Ltd. has a twelve month low of $1.97 and a twelve month high of $4.74. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -1.71, a P/E/G ratio of 5.93 and a beta of 2.68. The company’s fifty day moving average is $3.16 and its 200 day moving average is $2.82.

Analyst Ratings Changes

A number of research firms have issued reports on RIG. Barclays lifted their target price on Transocean from $3.50 to $4.00 and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Transocean in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Transocean from a “sell” rating to a “hold” rating in a research note on Sunday, August 10th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Transocean currently has a consensus rating of “Hold” and an average target price of $4.26.

Insider Transactions at Transocean

In related news, Director Frederik Wilhelm Mohn bought 4,000,000 shares of Transocean stock in a transaction that occurred on Friday, September 26th. The shares were acquired at an average cost of $3.05 per share, for a total transaction of $12,200,000.00. Following the completion of the acquisition, the director directly owned 95,074,894 shares of the company’s stock, valued at approximately $289,978,426.70. The trade was a 4.39% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director (Cyprus) Ltd Perestroika bought 4,000,000 shares of Transocean stock in a transaction that occurred on Friday, September 26th. The stock was bought at an average price of $3.05 per share, for a total transaction of $12,200,000.00. Following the completion of the acquisition, the director directly owned 95,074,894 shares of the company’s stock, valued at $289,978,426.70. The trade was a 4.39% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.54% 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.