Transocean Ltd. (NYSE:RIG) EVP Roderick James Mackenzie Sells 22,000 Shares

Transocean Ltd. (NYSE:RIG) EVP Roderick James Mackenzie sold 22,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $3.85, for a total transaction of $84,700.00. Following the transaction, the executive vice president now directly owns 313,072 shares in the company, valued at approximately $1,205,327.20. This represents a 6.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Roderick James Mackenzie also recently made the following trade(s):

• On Friday, January 10th, Roderick James Mackenzie sold 22,000 shares of Transocean stock. The stock was sold at an average price of $4.05, for a total transaction of $89,100.00.
• On Monday, November 18th, Roderick James Mackenzie sold 20,000 shares of Transocean stock. The stock was sold at an average price of $4.29, for a total transaction of $85,800.00.

Transocean Stock Performance

NYSE RIG opened at $3.64 on Friday. Transocean Ltd. has a 52-week low of $3.40 and a 52-week high of $6.88. The company has a 50-day simple moving average of $3.85 and a 200 day simple moving average of $4.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.64.

Analyst Upgrades and Downgrades

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

Institutional Trading of Transocean

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Transocean by 4.1% during the third quarter. Geode Capital Management LLC now owns 17,245,298 shares of the offshore drilling services provider’s stock worth $73,307,000 after purchasing an additional 680,242 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Transocean by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,606,320 shares of the offshore drilling services provider’s stock worth $49,327,000 after purchasing an additional 826,229 shares during the period. Barclays PLC boosted its position in Transocean by 60.1% during the third quarter. Barclays PLC now owns 1,623,924 shares of the offshore drilling services provider’s stock worth $6,902,000 after purchasing an additional 609,681 shares during the period. International Assets Investment Management LLC boosted its position in Transocean by 335.3% during the third quarter. International Assets Investment Management LLC now owns 196,699 shares of the offshore drilling services provider’s stock worth $836,000 after purchasing an additional 151,507 shares during the period. Finally, MetLife Investment Management LLC boosted its position in Transocean by 125.9% during the third quarter. MetLife Investment Management LLC now owns 415,031 shares of the offshore drilling services provider’s stock worth $1,764,000 after purchasing an additional 231,334 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

About Transocean

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.