Sagefield Capital LP Has $6.41 Million Stock Holdings in Transocean Ltd. (NYSE:RIG)

Sagefield Capital LP grew its holdings in shares of Transocean Ltd. (NYSE:RIG - Free Report) by 42.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,710,176 shares of the offshore drilling services provider's stock after buying an additional 507,988 shares during the quarter. Sagefield Capital LP owned 0.20% of Transocean worth $6,413,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in RIG. Vanguard Group Inc. boosted its holdings in shares of Transocean by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 78,811,863 shares of the offshore drilling services provider's stock worth $295,544,000 after buying an additional 931,684 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 acquiring an additional 809,864 shares during the last quarter. American Century Companies Inc. raised its position 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 buying an additional 6,542,271 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Transocean by 33.9% during the 4th quarter. Van ECK Associates Corp now owns 15,393,873 shares of the offshore drilling services provider's stock valued at $57,727,000 after buying an additional 3,895,880 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 859,214 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. SEB Equity Research set a $2.80 target price on Transocean in a research report on Wednesday, March 5th. Citigroup reduced their target price on shares of Transocean from $4.50 to $3.50 and set a "neutral" rating for the company in a report on Wednesday, March 19th. 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. Barclays decreased their target price on shares of Transocean from $4.00 to $3.50 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Finally, BTIG Research set a $5.00 price target on Transocean and gave the stock a "buy" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $4.58.

Transocean Trading Down 2.6%

RIG traded down $0.07 during trading on Thursday, hitting $2.40. The company's stock had a trading volume of 20,321,762 shares, compared to its average volume of 26,091,660. Transocean Ltd. has a twelve month low of $1.97 and a twelve month high of $6.25. The firm's 50 day moving average price is $2.58 and its 200-day moving average price is $3.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34. The stock has a market cap of $2.12 billion, a PE ratio of -3.27, a PEG ratio of 0.86 and a beta of 2.52.

Transocean (NYSE:RIG - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. The company had revenue of $906.00 million for the quarter, compared to the consensus estimate of $884.92 million. Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. Transocean's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) EPS. On average, analysts expect that Transocean Ltd. will post 0.14 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Roderick James Mackenzie sold 22,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $2.78, for a total transaction of $61,160.00. Following the transaction, the executive vice president now owns 340,841 shares in the company, valued at approximately $947,537.98. This trade represents a 6.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.27% of the stock is owned by company insiders.

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.