Transocean Ltd. (NYSE:RIG) Stock Holdings Decreased by MML Investors Services LLC

MML Investors Services LLC lessened its stake in Transocean Ltd. (NYSE:RIG) by 28.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,796 shares of the offshore drilling services provider’s stock after selling 6,617 shares during the quarter. MML Investors Services LLC’s holdings in Transocean were worth $71,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of RIG. Charles Schwab Investment Management Inc. increased its holdings in shares of Transocean by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,606,320 shares of the offshore drilling services provider’s stock valued at $49,327,000 after acquiring an additional 826,229 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Transocean by 335.3% in 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. MetLife Investment Management LLC increased its stake 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 valued at $1,764,000 after purchasing an additional 231,334 shares during the last quarter. State Street Corp grew its position in shares of Transocean by 11.0% during the 3rd quarter. State Street Corp now owns 19,594,121 shares of the offshore drilling services provider’s stock valued at $83,275,000 after buying an additional 1,944,723 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Transocean by 214.3% during the second quarter. The Manufacturers Life Insurance Company now owns 382,362 shares of the offshore drilling services provider’s stock worth $2,046,000 after acquiring an additional 260,710 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, EVP Roderick James Mackenzie sold 20,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $4.29, for a total transaction of $85,800.00. Following the completion of the sale, the executive vice president now owns 310,857 shares in the company, valued at approximately $1,333,576.53. This represents a 6.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 13.16% of the stock is currently owned by corporate insiders.

Transocean Price Performance

Shares of NYSE:RIG opened at $3.53 on Friday. Transocean Ltd. has a 1 year low of $3.40 and a 1 year high of $6.88. The business has a fifty day simple moving average of $4.11 and a 200 day simple moving average of $4.62. 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 firm has a market cap of $3.09 billion, a price-to-earnings ratio of -4.71 and a beta of 2.75.

Wall Street Analyst Weigh In

Several research firms have recently commented on RIG. Morgan Stanley upped their target price on Transocean from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Thursday, October 3rd. DNB Markets upgraded shares of Transocean from a “hold” rating to a “buy” rating in a report on Tuesday, September 3rd. Benchmark reiterated a “hold” rating on shares of Transocean in a research note on Tuesday, December 3rd. Barclays raised shares of Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 price target for the company in a report on Wednesday, December 18th. Finally, StockNews.com raised Transocean to a “sell” rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Transocean presently has an average rating of “Hold” and a consensus target price of $6.25.

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.