Silver Oak Securities Incorporated Sells 8,000 Shares of Transocean Ltd. (NYSE:RIG)

Silver Oak Securities Incorporated trimmed its position in Transocean Ltd. (NYSE:RIG) by 33.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,727 shares of the offshore drilling services provider’s stock after selling 8,000 shares during the period. Silver Oak Securities Incorporated’s holdings in Transocean were worth $58,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RIG. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Transocean by 138.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,633 shares of the offshore drilling services provider’s stock valued at $25,000 after acquiring an additional 2,693 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Transocean in the 2nd quarter valued at $412,000. SG Americas Securities LLC increased its position in shares of Transocean by 404.7% during the 3rd quarter. SG Americas Securities LLC now owns 60,459 shares of the offshore drilling services provider’s stock valued at $257,000 after purchasing an additional 48,479 shares during the last quarter. CWM LLC raised its stake in shares of Transocean by 36.1% during the 3rd quarter. CWM LLC now owns 17,065 shares of the offshore drilling services provider’s stock worth $73,000 after purchasing an additional 4,529 shares during the period. Finally, Creative Planning raised its stake in shares of Transocean by 63.0% during the 3rd quarter. Creative Planning now owns 290,993 shares of the offshore drilling services provider’s stock worth $1,237,000 after purchasing an additional 112,512 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Transocean Price Performance

Transocean stock opened at $3.59 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.64 and a quick ratio of 1.34. Transocean Ltd. has a one year low of $3.40 and a one year high of $6.88. The firm has a market capitalization of $3.14 billion, a P/E ratio of -4.78, a PEG ratio of 0.75 and a beta of 2.70. The business has a fifty day moving average price of $3.89 and a 200-day moving average price of $4.33.

Insiders Place Their Bets

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $4.05, for a total value of $89,100.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of Transocean to a “sell” rating in a report on Tuesday, November 12th. TD Cowen decreased their price target on shares of Transocean from $6.50 to $5.50 and set a “hold” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upgraded Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a research note on Friday, December 6th. Benchmark reissued a “hold” rating on shares of Transocean in a research report on Tuesday, December 3rd. Finally, Susquehanna dropped their price target on Transocean from $7.00 to $6.50 and set a “positive” rating on the stock in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.