Transocean Ltd. (RIG) Position Maintained by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL continued to hold its position in Transocean Ltd. (NYSE:RIG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,761 shares of the offshore drilling services provider’s stock at the end of the 2nd quarter. Virginia Retirement Systems ET AL’s holdings in Transocean were worth $591,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its holdings in Transocean by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 24,300 shares of the offshore drilling services provider’s stock worth $200,000 after purchasing an additional 400 shares during the last quarter. State Treasurer State of Michigan boosted its holdings in Transocean by 0.4% in the first quarter. State Treasurer State of Michigan now owns 127,848 shares of the offshore drilling services provider’s stock worth $1,592,000 after purchasing an additional 500 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Transocean by 1.7% in the first quarter. Teacher Retirement System of Texas now owns 31,059 shares of the offshore drilling services provider’s stock worth $387,000 after purchasing an additional 508 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Transocean by 4.1% in the first quarter. Neuberger Berman Group LLC now owns 13,315 shares of the offshore drilling services provider’s stock worth $166,000 after purchasing an additional 521 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its holdings in Transocean by 1.0% in the first quarter. Mason Street Advisors LLC now owns 53,796 shares of the offshore drilling services provider’s stock worth $670,000 after purchasing an additional 542 shares during the last quarter. Hedge funds and other institutional investors own 67.81% of the company’s stock.

In other news, CAO Howard E. Davis bought 40,000 shares of Transocean stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $7.32 per share, with a total value of $292,800.00. Following the completion of the acquisition, the chief accounting officer now directly owns 21,793 shares in the company, valued at $159,524.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $11.00 target price on shares of Transocean in a report on Friday, September 1st. Clarkson Capital upgraded shares of Transocean from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Friday, September 1st. Capital One Financial Corporation upgraded shares of Transocean from an “equal weight” rating to an “overweight” rating and set a $12.00 price target on the stock in a research report on Thursday, August 31st. R. F. Lafferty set a $15.00 price target on shares of Transocean and gave the stock a “buy” rating in a research report on Saturday, August 26th. Finally, BidaskClub upgraded shares of Transocean from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Ten equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $12.21.

Transocean Ltd. (NYSE:RIG) opened at 9.32 on Friday. Transocean Ltd. has a 1-year low of $7.20 and a 1-year high of $16.66. The company’s 50 day moving average is $8.40 and its 200 day moving average is $9.81. The company’s market cap is $3.65 billion.

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Transocean Profile

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units.

Institutional Ownership by Quarter for Transocean (NYSE:RIG)

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