Lane Generational LLC Has $3.69 Million Stake in Transocean Ltd. (NYSE:RIG)

Lane Generational LLC lifted its stake in Transocean Ltd. (NYSE:RIG - Free Report) by 11.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,163,302 shares of the offshore drilling services provider's stock after acquiring an additional 118,673 shares during the quarter. Transocean accounts for about 4.0% of Lane Generational LLC's investment portfolio, making the stock its 11th largest holding. Lane Generational LLC owned 0.13% of Transocean worth $3,688,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Transocean by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 78,811,863 shares of the offshore drilling services provider's stock valued at $295,544,000 after buying an additional 931,684 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Transocean by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 40,008,596 shares of the offshore drilling services provider's stock valued at $150,029,000 after buying an additional 809,864 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Transocean by 51.5% during the 4th quarter. American Century Companies Inc. now owns 19,257,437 shares of the offshore drilling services provider's stock valued at $72,215,000 after acquiring an additional 6,542,271 shares during the period. Keybank National Association OH increased its holdings in Transocean by 14.2% in the 1st quarter. Keybank National Association OH now owns 13,480,351 shares of the offshore drilling services provider's stock worth $42,733,000 after acquiring an additional 1,672,958 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Transocean by 7.5% during the 4th quarter. Northern Trust Corp now owns 7,470,701 shares of the offshore drilling services provider's stock worth $28,015,000 after acquiring an additional 520,053 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Transocean Stock Performance

Transocean stock traded down $0.10 during mid-day trading on Friday, reaching $2.99. The company's stock had a trading volume of 16,391,934 shares, compared to its average volume of 37,634,715. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of -3.15, a PEG ratio of 5.94 and a beta of 2.50. The business has a 50 day moving average price of $2.77 and a 200-day moving average price of $2.98. The company has a current ratio of 1.33, a quick ratio of 1.06 and a debt-to-equity ratio of 0.58. Transocean Ltd. has a twelve month low of $1.97 and a twelve month high of $5.98.

Transocean (NYSE:RIG - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. Transocean had a negative net margin of 18.79% and a negative return on equity of 0.94%. The company had revenue of $906.00 million during the quarter, compared to the consensus estimate of $884.92 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company's revenue for the quarter was up 18.7% compared to the same quarter last year. Sell-side analysts predict that Transocean Ltd. will post 0.14 EPS for the current fiscal year.

Insider Transactions at Transocean

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $2.78, for a total value of $61,160.00. Following the completion of the sale, the executive vice president directly owned 340,841 shares in the company, valued at approximately $947,537.98. The trade was a 6.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 12.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RIG. Susquehanna lowered their target price on shares of Transocean from $5.00 to $4.00 and set a "positive" rating on the stock in a report on Monday, April 14th. BTIG Research set a $5.00 target price on shares of Transocean and gave the stock a "buy" rating in a report on Monday, May 5th. Morgan Stanley lowered their target price on shares of Transocean from $4.00 to $3.50 and set an "equal weight" rating on the stock in a report on Friday, May 16th. Wall Street Zen raised Transocean from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Barclays decreased their price target on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $4.58.

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.