Transocean Ltd. (NYSE:RIG) is Kailix Advisors LLC’s 5th Largest Position

Kailix Advisors LLC decreased its holdings in Transocean Ltd. (NYSE:RIG) by 49.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,357,201 shares of the offshore drilling services provider’s stock after selling 3,263,250 shares during the period. Transocean makes up approximately 10.6% of Kailix Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Kailix Advisors LLC’s holdings in Transocean were worth $12,590,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in RIG. Blue Trust Inc. boosted its position in Transocean by 96.2% during the 4th quarter. Blue Trust Inc. now owns 9,841 shares of the offshore drilling services provider’s stock valued at $37,000 after buying an additional 4,826 shares during the period. Adero Partners LLC purchased a new stake in Transocean during the 4th quarter valued at $38,000. Stratos Wealth Partners LTD. purchased a new stake in Transocean during the 4th quarter valued at $40,000. R Squared Ltd bought a new position in Transocean in the 4th quarter worth $41,000. Finally, Transcend Capital Advisors LLC bought a new position in Transocean in the 4th quarter worth $41,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Transocean Price Performance

NYSE RIG opened at $2.97 on Thursday. Transocean Ltd. has a 12 month low of $2.55 and a 12 month high of $6.88. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -4.06, a PEG ratio of 0.86 and a beta of 2.72. The company’s 50 day moving average is $3.62 and its two-hundred day moving average is $4.01. The company has a current ratio of 1.47, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

Transocean (NYSE:RIG) last released its earnings results on Monday, February 17th. The offshore drilling services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.11). The firm had revenue of $952.00 million for the quarter, compared to the consensus estimate of $962.28 million. Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. As a group, research analysts anticipate that Transocean Ltd. will post 0.14 earnings per share for the current year.

Insider Activity

In other Transocean news, EVP Roderick James Mackenzie sold 22,000 shares of Transocean stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $3.85, for a total transaction of $84,700.00. Following the completion of the transaction, the executive vice president now directly owns 313,072 shares of the company’s stock, valued at $1,205,327.20. The trade was a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 13.16% of the company’s stock.

Wall Street Analyst Weigh In

RIG has been the subject of several research reports. Benchmark restated a “hold” rating on shares of Transocean in a report on Tuesday, December 3rd. Barclays decreased their price target on shares of Transocean from $4.50 to $4.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. SEB Equity Research set a $2.80 price target on shares of Transocean in a report on Wednesday, March 5th. Evercore ISI downgraded shares of Transocean from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $6.00 to $5.00 in a report on Wednesday, January 15th. Finally, TD Cowen dropped their price target on shares of Transocean from $6.50 to $5.50 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.42.

Transocean 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.