Insider Selling: Transocean Ltd. (NYSE:RIG) EVP Sells $89,100.00 in Stock

Transocean Ltd. (NYSE:RIG) EVP Roderick James Mackenzie sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $4.05, for a total transaction of $89,100.00. Following the transaction, the executive vice president now directly owns 229,596 shares in the company, valued at $929,863.80. The trade was a 8.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Roderick James Mackenzie also recently made the following trade(s):

• On Monday, November 18th, Roderick James Mackenzie sold 20,000 shares of Transocean stock. The stock was sold at an average price of $4.29, for a total value of $85,800.00.

Transocean Stock Performance

Transocean stock opened at $4.08 on Friday. Transocean Ltd. has a 12-month low of $3.40 and a 12-month high of $6.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.64 and a quick ratio of 1.34. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of -5.43, a price-to-earnings-growth ratio of 0.67 and a beta of 2.73. The firm’s fifty day moving average price is $4.05 and its 200 day moving average price is $4.50.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RIG shares. Barclays upgraded Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 target price for the company in a research note on Wednesday, December 18th. Evercore ISI downgraded shares of Transocean from an “outperform” rating to an “in-line” rating and lowered their target price for the company from $6.00 to $5.00 in a report on Wednesday. Benchmark reiterated a “hold” rating on shares of Transocean in a report on Tuesday, December 3rd. Morgan Stanley upped their price objective on Transocean from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upgraded 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. According to MarketBeat.com, Transocean presently has a consensus rating of “Hold” and an average target price of $5.94.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in Transocean by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 17,245,298 shares of the offshore drilling services provider’s stock worth $73,307,000 after purchasing an additional 680,242 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Transocean by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,606,320 shares of the offshore drilling services provider’s stock worth $49,327,000 after buying an additional 826,229 shares during the last quarter. Barclays PLC raised its holdings in Transocean by 60.1% in the third quarter. Barclays PLC now owns 1,623,924 shares of the offshore drilling services provider’s stock valued at $6,902,000 after acquiring an additional 609,681 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Transocean by 335.3% during the 3rd quarter. International Assets Investment Management LLC now owns 196,699 shares of the offshore drilling services provider’s stock valued at $836,000 after acquiring an additional 151,507 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in Transocean by 125.9% during the 3rd quarter. MetLife Investment Management LLC now owns 415,031 shares of the offshore drilling services provider’s stock worth $1,764,000 after acquiring an additional 231,334 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

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.