Goehring & Rozencwajg Associates LLC Sells 13,456 Shares of Transocean Ltd. (NYSE:RIG)

Goehring & Rozencwajg Associates LLC lessened its holdings in shares of Transocean Ltd. (NYSE:RIG) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 857,304 shares of the offshore drilling services provider’s stock after selling 13,456 shares during the quarter. Goehring & Rozencwajg Associates LLC owned approximately 0.10% of Transocean worth $3,103,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Creative Planning raised its holdings in shares of Transocean by 3.5% during the 2nd quarter. Creative Planning now owns 178,481 shares of the offshore drilling services provider’s stock valued at $955,000 after purchasing an additional 6,084 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Transocean by 138.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,633 shares of the offshore drilling services provider’s stock valued at $25,000 after acquiring an additional 2,693 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Transocean in the second quarter worth $412,000. SG Americas Securities LLC boosted its holdings in Transocean by 404.7% during the third quarter. SG Americas Securities LLC now owns 60,459 shares of the offshore drilling services provider’s stock valued at $257,000 after acquiring an additional 48,479 shares during the period. Finally, CWM LLC boosted its stake in Transocean by 36.1% during the 3rd quarter. CWM LLC now owns 17,065 shares of the offshore drilling services provider’s stock valued at $73,000 after purchasing an additional 4,529 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Transocean Stock Performance

RIG opened at $3.59 on Friday. The company has a fifty day moving average price of $3.89 and a two-hundred day moving average price of $4.34. Transocean Ltd. has a 52 week low of $3.40 and a 52 week high of $6.88. The company has a quick ratio of 1.34, a current ratio of 1.64 and a debt-to-equity ratio of 0.64.

Analyst Ratings Changes

Several analysts have issued reports on RIG shares. Benchmark restated a “hold” rating on shares of Transocean in a research report on Tuesday, December 3rd. Susquehanna lowered their price target on Transocean from $7.00 to $6.50 and set a “positive” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. raised shares of Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a report on Friday, December 6th. Evercore ISI downgraded shares of Transocean from an “outperform” rating to an “in-line” rating and reduced their price target for the stock from $6.00 to $5.00 in a research report on Wednesday, January 15th. Finally, TD Cowen dropped 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Transocean has a consensus rating of “Hold” and a consensus price target of $5.94.

Insider Buying and Selling

In other news, EVP Roderick James Mackenzie sold 20,000 shares of Transocean stock in a transaction on Monday, November 18th. The shares were sold at an average price of $4.29, for a total transaction of $85,800.00. Following the transaction, the executive vice president now directly owns 310,857 shares of the company’s stock, valued at $1,333,576.53. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.16% of the stock is owned by insiders.

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.