Goehring & Rozencwajg Associates LLC Has $3.10 Million Holdings in Transocean Ltd. (NYSE:RIG)

Goehring & Rozencwajg Associates LLC lessened its position in Transocean Ltd. (NYSE:RIG) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 857,304 shares of the offshore drilling services provider’s stock after selling 13,456 shares during the quarter. Goehring & Rozencwajg Associates LLC’s holdings in Transocean were worth $3,103,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Adero Partners LLC bought a new stake in shares of Transocean during the 4th quarter worth approximately $38,000. Stratos Wealth Partners LTD. bought a new stake in Transocean during the fourth quarter worth $40,000. Chicago Partners Investment Group LLC bought a new position in shares of Transocean in the 4th quarter valued at about $71,000. Southern Capital Advisors LLC increased its stake in shares of Transocean by 27.8% during the 4th quarter. Southern Capital Advisors LLC now owns 23,001 shares of the offshore drilling services provider’s stock worth $86,000 after purchasing an additional 5,000 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Transocean in the 4th quarter valued at about $41,000. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at Transocean

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $4.05, for a total value of $89,100.00. Following the sale, the executive vice president now directly owns 229,596 shares of the company’s stock, valued at $929,863.80. This trade represents a 8.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 13.16% of the stock is currently owned by insiders.

Transocean Stock Down 4.4 %

Shares of RIG stock opened at $3.59 on Friday. Transocean Ltd. has a 1 year low of $3.40 and a 1 year high of $6.88. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64. The stock has a 50 day simple moving average of $3.89 and a 200 day simple moving average of $4.34.

Analyst Upgrades and Downgrades

RIG has been the topic of several research analyst reports. Benchmark restated a “hold” rating on shares of Transocean in a research note on Tuesday, December 3rd. TD Cowen reduced their price objective on shares of Transocean from $6.50 to $5.50 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Evercore ISI lowered shares of Transocean from an “outperform” rating to an “in-line” rating and dropped their price objective for the company from $6.00 to $5.00 in a research report on Wednesday, January 15th. StockNews.com raised shares of Transocean to a “sell” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upgraded shares of Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Transocean presently has a consensus rating of “Hold” and an average price target of $5.94.

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.