Transocean Ltd. (NYSE:RIG) Shares Sold by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors reduced its holdings in Transocean Ltd. (NYSE:RIG) by 31.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,200 shares of the offshore drilling services provider’s stock after selling 20,500 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Transocean were worth $287,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RIG. Private Trust Co. NA raised its holdings in Transocean by 1,489.8% during the 4th quarter. Private Trust Co. NA now owns 8,537 shares of the offshore drilling services provider’s stock worth $54,000 after buying an additional 8,000 shares during the period. Csenge Advisory Group purchased a new stake in shares of Transocean in the third quarter valued at $83,000. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Transocean in the third quarter worth $87,000. Southern Capital Advisors LLC purchased a new position in shares of Transocean during the fourth quarter valued at $83,000. Finally, Vicus Capital purchased a new stake in Transocean in the 4th quarter worth about $88,000. Institutional investors own 67.73% of the company’s stock.

Transocean Stock Performance

NYSE RIG traded down $0.61 on Tuesday, hitting $5.22. 51,837,669 shares of the stock traded hands, compared to its average volume of 18,230,176. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of -4.11 and a beta of 2.77. The business’s fifty day moving average is $5.73 and its two-hundred day moving average is $5.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.22 and a current ratio of 1.52. Transocean Ltd. has a 12 month low of $4.45 and a 12 month high of $8.88.

Transocean (NYSE:RIG) last issued its earnings results on Monday, April 29th. The offshore drilling services provider reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.10. The business had revenue of $767.00 million for the quarter, compared to analysts’ expectations of $781.86 million. Transocean had a negative net margin of 33.69% and a negative return on equity of 7.13%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.38) EPS. As a group, equities analysts anticipate that Transocean Ltd. will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RIG shares. Morgan Stanley cut their price objective on Transocean from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Benchmark restated a “buy” rating and issued a $8.00 target price on shares of Transocean in a research note on Tuesday. Susquehanna upgraded shares of Transocean from a “neutral” rating to a “positive” rating and raised their price target for the stock from $5.50 to $9.00 in a research note on Monday, April 8th. StockNews.com raised Transocean to a “sell” rating in a report on Tuesday, February 20th. Finally, Bank of America raised their price target on Transocean from $5.50 to $6.00 and gave the company an “underperform” rating in a report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Transocean currently has an average rating of “Hold” and an average target price of $7.78.

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.