Sargent Investment Group LLC Has $93,000 Stake in Transocean Ltd. (NYSE:RIG)

Sargent Investment Group LLC reduced its stake in shares of Transocean Ltd. (NYSE:RIG) by 41.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,655 shares of the offshore drilling services provider’s stock after selling 15,715 shares during the quarter. Sargent Investment Group LLC’s holdings in Transocean were worth $93,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Transocean by 138.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,633 shares of the offshore drilling services provider’s stock worth $25,000 after purchasing an additional 2,693 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of 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 buying an additional 4,826 shares in the last quarter. R Squared Ltd bought a new position in shares of Transocean in the fourth quarter valued at approximately $41,000. Orion Portfolio Solutions LLC acquired a new position in shares of Transocean in the 3rd quarter worth approximately $46,000. Finally, Atria Investments Inc bought a new stake in Transocean during the 3rd quarter worth approximately $51,000. 67.73% of the stock is owned by institutional investors.

Transocean Stock Down 0.6 %

NYSE:RIG opened at $3.87 on Thursday. Transocean Ltd. has a 12-month low of $3.40 and a 12-month high of $6.88. The stock’s fifty day simple moving average is $3.92 and its 200-day simple moving average is $4.36. The company has a quick ratio of 1.34, a current ratio of 1.64 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $3.38 billion, a P/E ratio of -5.15, a P/E/G ratio of 0.79 and a beta of 2.71.

Wall Street Analyst Weigh In

RIG has been the topic of a number of recent analyst reports. Benchmark reissued a “hold” rating on shares of Transocean in a research note on Tuesday, December 3rd. Evercore ISI lowered shares of Transocean from an “outperform” rating to an “in-line” rating and decreased their price objective for the stock from $6.00 to $5.00 in a report on Wednesday, January 15th. Barclays upgraded shares of Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 target price on the stock in a research report on Wednesday, December 18th. TD Cowen lowered their price target on shares of Transocean from $6.50 to $5.50 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.94.

Insider Activity

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $4.05, for a total value of $89,100.00. Following the completion of the transaction, the executive vice president now directly owns 229,596 shares of the company’s stock, valued at approximately $929,863.80. The trade was a 8.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.54% of the stock is currently owned by company insiders.

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.