136,387 Shares in Transocean Ltd. $RIG Purchased by Diversified Trust Co

Diversified Trust Co bought a new position in Transocean Ltd. (NYSE:RIG) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 136,387 shares of the offshore drilling services provider’s stock, valued at approximately $904,000.

Several other hedge funds and other institutional investors have also bought and sold shares of RIG. Fruth Investment Management raised its holdings in shares of Transocean by 2.8% during the fourth quarter. Fruth Investment Management now owns 90,378 shares of the offshore drilling services provider’s stock valued at $373,000 after purchasing an additional 2,500 shares during the last quarter. Annandale Capital LLC grew its position in Transocean by 17.7% in the 4th quarter. Annandale Capital LLC now owns 16,600 shares of the offshore drilling services provider’s stock worth $69,000 after purchasing an additional 2,500 shares during the period. Townsend & Associates Inc raised its stake in Transocean by 16.0% during the 4th quarter. Townsend & Associates Inc now owns 29,000 shares of the offshore drilling services provider’s stock valued at $126,000 after buying an additional 4,000 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Transocean by 20.0% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 24,175 shares of the offshore drilling services provider’s stock valued at $75,000 after buying an additional 4,026 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Transocean by 19.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 24,497 shares of the offshore drilling services provider’s stock valued at $101,000 after buying an additional 4,043 shares during the period. Institutional investors own 67.73% of the company’s stock.

Transocean Trading Down 4.8%

Shares of RIG stock opened at $5.04 on Thursday. Transocean Ltd. has a 1 year low of $2.51 and a 1 year high of $7.66. The firm has a fifty day moving average price of $6.25 and a 200-day moving average price of $5.69. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.54 and a quick ratio of 1.20. The company has a market cap of $5.62 billion, a price-to-earnings ratio of -1.69 and a beta of 1.28.

Transocean (NYSE:RIG) last announced its earnings results on Monday, May 4th. The offshore drilling services provider reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Transocean had a positive return on equity of 0.88% and a negative net margin of 66.79%.Transocean’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.10) earnings per share. As a group, equities analysts predict that Transocean Ltd. will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

RIG has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Transocean in a report on Tuesday, April 21st. TD Cowen increased their target price on Transocean from $5.50 to $6.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Clarkson Capital cut Transocean from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Barclays upgraded Transocean from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $6.00 to $8.00 in a research note on Thursday, May 7th. Finally, Susquehanna upped their price target on shares of Transocean from $7.50 to $8.00 and gave the company a “positive” rating in a research report on Tuesday, April 7th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.96.

Transocean Profile

Transocean Ltd. is a leading international provider of offshore contract drilling services for the oil and gas industry. The company specializes in the operation of mobile drilling units, including ultra-deepwater drillships, semisubmersible rigs and high-specification jackup rigs. Transocean’s fleet is designed to meet complex drilling requirements, from ultra-deepwater well construction to shelf exploration and development projects.

The company’s core services encompass the full spectrum of offshore drilling operations, including project and engineering management, marine operations, drilling supervision, and maintenance support.