LaFleur & Godfrey LLC Trims Stock Holdings in Transocean Ltd. (NYSE:RIG)

LaFleur & Godfrey LLC reduced its stake in Transocean Ltd. (NYSE:RIG) by 19.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,300 shares of the offshore drilling services provider’s stock after selling 3,000 shares during the period. LaFleur & Godfrey LLC’s holdings in Transocean were worth $46,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its position 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 valued at $25,000 after buying an additional 2,693 shares during the period. Orion Portfolio Solutions LLC bought a new stake in shares of Transocean during the 3rd quarter valued at $46,000. Atria Investments Inc purchased a new stake in shares of Transocean in the 3rd quarter worth $51,000. Pallas Capital Advisors LLC raised its holdings in Transocean by 25.6% in the 4th quarter. Pallas Capital Advisors LLC now owns 15,332 shares of the offshore drilling services provider’s stock worth $57,000 after purchasing an additional 3,127 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its position in Transocean by 34.0% during the third quarter. Kovitz Investment Group Partners LLC now owns 15,877 shares of the offshore drilling services provider’s stock valued at $62,000 after purchasing an additional 4,027 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Transocean Stock Down 1.1 %

Shares of NYSE:RIG opened at $4.06 on Monday. Transocean Ltd. has a 12-month low of $3.40 and a 12-month high of $6.88. The business has a 50-day moving average price of $4.03 and a 200 day moving average price of $4.48. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.64 and a quick ratio of 1.34.

Insiders Place Their Bets

In related news, EVP Roderick James Mackenzie sold 22,000 shares of Transocean stock in a transaction that occurred on Friday, January 10th. The shares were 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 owns 229,596 shares in the company, valued at $929,863.80. The trade was a 8.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. TD Cowen dropped their price objective 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. StockNews.com upgraded Transocean to a “sell” rating in a report on Tuesday, November 12th. Benchmark reiterated a “hold” rating on shares of Transocean in a research report on Tuesday, December 3rd. Barclays raised shares of Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 price target for the company in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. raised Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Transocean currently has a consensus rating of “Hold” and a consensus target price of $5.94.

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.