Schroder Investment Management Group Makes New $350,000 Investment in Transocean Ltd. (NYSE:RIG)

Schroder Investment Management Group bought a new stake in shares of Transocean Ltd. (NYSE:RIG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 95,725 shares of the offshore drilling services provider’s stock, valued at approximately $350,000.

Several other large investors have also recently made changes to their positions in RIG. Twin Tree Management LP acquired a new stake in Transocean in the fourth quarter valued at approximately $27,000. Blue Trust Inc. grew its stake in Transocean by 96.2% in the 4th quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider’s stock valued at $37,000 after acquiring an additional 4,826 shares during the period. Adero Partners LLC acquired a new stake in Transocean in the 4th quarter valued at $38,000. Stratos Wealth Partners LTD. purchased a new stake in Transocean in the 4th quarter worth $40,000. Finally, R Squared Ltd acquired a new position in Transocean during the fourth quarter worth $41,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Transocean Trading Down 7.8 %

Shares of RIG stock opened at $2.19 on Wednesday. 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 Ltd. has a twelve month low of $1.97 and a twelve month high of $6.65. The company’s 50-day moving average price is $3.20 and its 200-day moving average price is $3.80. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of -2.99, a PEG ratio of 0.86 and a beta of 2.29.

Transocean (NYSE:RIG) last posted its earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.11). The firm had revenue of $952.00 million during the quarter, compared to analyst estimates of $962.28 million. Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. As a group, equities analysts predict that Transocean Ltd. will post 0.14 earnings per share for the current year.

Insider Buying and Selling

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $3.85, for a total value of $84,700.00. Following the transaction, the executive vice president now owns 313,072 shares of the company’s stock, valued at $1,205,327.20. This represents a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 13.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on RIG. TD Cowen cut their target price on shares of Transocean from $6.50 to $5.50 and set a “hold” rating for the company in a research note on Wednesday, January 8th. SEB Equity Research set a $2.80 price objective on Transocean in a research note on Wednesday, March 5th. Morgan Stanley decreased their target price on Transocean from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Citigroup dropped their price target on Transocean from $4.50 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Finally, Evercore ISI lowered Transocean from an “outperform” rating to an “in-line” rating and decreased their price objective for the company from $6.00 to $5.00 in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $4.98.

About Transocean

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.