Keybank National Association OH Has $44.28 Million Stock Holdings in Transocean Ltd. (NYSE:RIG)

Keybank National Association OH raised its stake in Transocean Ltd. (NYSE:RIG) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,807,393 shares of the offshore drilling services provider’s stock after buying an additional 43,155 shares during the quarter. Keybank National Association OH owned 1.35% of Transocean worth $44,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Transocean by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,465,534 shares of the offshore drilling services provider’s stock valued at $46,746,000 after buying an additional 859,214 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Transocean by 163.7% in the 4th quarter. Jones Financial Companies Lllp now owns 22,655 shares of the offshore drilling services provider’s stock valued at $85,000 after purchasing an additional 14,065 shares during the period. Kohmann Bosshard Financial Services LLC lifted its position in shares of Transocean by 10.0% during the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 82,500 shares of the offshore drilling services provider’s stock valued at $309,000 after acquiring an additional 7,500 shares during the period. Hosking Partners LLP raised its holdings in shares of Transocean by 23.5% during the 4th quarter. Hosking Partners LLP now owns 1,706,143 shares of the offshore drilling services provider’s stock worth $6,398,000 after buying an additional 324,955 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Transocean by 11.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 76,353 shares of the offshore drilling services provider’s stock worth $286,000 after buying an additional 8,087 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Activity at Transocean

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

Transocean Stock Down 9.5 %

RIG opened at $2.67 on Tuesday. The company has a market cap of $2.35 billion, a P/E ratio of -3.66, a P/E/G ratio of 0.86 and a beta of 2.70. The business’s 50-day moving average price is $3.72 and its 200-day moving average price is $4.11. 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 12 month low of $2.65 and a 12 month high of $6.88.

Transocean (NYSE:RIG) last posted its quarterly earnings data 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). Transocean had a negative net margin of 14.53% and a negative return on equity of 0.52%. The firm had revenue of $952.00 million for the quarter, compared to the consensus estimate of $962.28 million. On average, equities analysts expect that Transocean Ltd. will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RIG. StockNews.com raised Transocean to a “sell” rating in a report on Tuesday, November 12th. Benchmark reissued a “hold” rating on shares of Transocean in a research note on Tuesday, December 3rd. TD Cowen decreased their price target on Transocean from $6.50 to $5.50 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Evercore ISI lowered Transocean from an “outperform” rating to an “in-line” rating and cut their target price for the company from $6.00 to $5.00 in a research report on Wednesday, January 15th. Finally, Barclays cut their target price on Transocean from $4.50 to $4.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.75.

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.