XTX Topco Ltd Sells 392,664 Shares of Transocean Ltd. (NYSE:RIG)

XTX Topco Ltd decreased its position in shares of Transocean Ltd. (NYSE:RIG - Free Report) by 84.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,868 shares of the offshore drilling services provider's stock after selling 392,664 shares during the period. XTX Topco Ltd's holdings in Transocean were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in shares of Transocean during the first quarter valued at $382,000. Cetera Investment Advisers boosted its stake in shares of Transocean by 13.3% during the first quarter. Cetera Investment Advisers now owns 221,452 shares of the offshore drilling services provider's stock valued at $702,000 after purchasing an additional 26,017 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Transocean by 4.2% during the first quarter. Avantax Advisory Services Inc. now owns 111,502 shares of the offshore drilling services provider's stock valued at $353,000 after purchasing an additional 4,490 shares during the period. Wedbush Securities Inc. purchased a new stake in shares of Transocean during the first quarter valued at $35,000. Finally, Lane Generational LLC boosted its stake in shares of Transocean by 11.4% during the first quarter. Lane Generational LLC now owns 1,163,302 shares of the offshore drilling services provider's stock valued at $3,688,000 after purchasing an additional 118,673 shares during the period. Institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RIG. Barclays set a $4.00 target price on shares of Transocean and gave the company an "overweight" rating in a research note on Wednesday. BTIG Research set a $5.00 target price on shares of Transocean and gave the company a "buy" rating in a research note on Monday, May 5th. Wall Street Zen raised shares of Transocean from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Finally, Morgan Stanley dropped 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. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Transocean presently has a consensus rating of "Hold" and a consensus target price of $4.26.

Transocean Stock Down 2.0%

Transocean stock traded down $0.06 during midday trading on Friday, hitting $2.95. 14,572,539 shares of the company's stock were exchanged, compared to its average volume of 36,407,293. Transocean Ltd. has a 12 month low of $1.97 and a 12 month high of $5.26. The company has a market cap of $2.78 billion, a PE ratio of -1.59, a P/E/G ratio of 6.43 and a beta of 2.52. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 1.26. The firm has a 50-day moving average of $2.89 and a two-hundred day moving average of $2.87.

Transocean Company 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.