Transocean Ltd. (NYSE:RIG) recovered 43.19% of its value since hitting low of $7.2. The recent move of -4.45% drop pushed the stock to close at $10.31 when trading ended on 10/18/2017. At recent session, the prices were hovering between $10.25 and $10.58. This company shares are 10.86% off its target price of $11.43 and the current market capitalization stands at $4.03B. The recent change has given its price a 12.95% lead over SMA 50 and -38.12% deficit over its 52-week high. The stock witnessed 10.27% gains, 17.83% gains and -9.4% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RIG’s volatility during a week at 3.74% and during a month it has been found around 3.9%.
Transocean Ltd. (RIG) Top Holders
Institutional investors currently hold around $2.93 billion or 71.9% in RIG stock. Look at its top three institutional owners. Vanguard Group Inc owns $411.07 million in Transocean Ltd., which represents roughly 10.2% of the company’s market cap and approximately 14.02% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 25,538,929 shares of the stock are valued at $275.57 million. The third largest holder is State Street Corp, which currently holds $247.3 million worth of this stock and that ownership represents nearly 6.14% of its market capitalization.
Transocean Ltd. 13F Filings
At the end of June reporting period, 237 institutional holders increased their position in Transocean Ltd. (NYSE:RIG) by some 40,077,961 shares, 197 decreased positions by 37,535,512 and 61 held positions by 194,141,606. That puts total institutional holdings at 271,755,079 shares, according to SEC filings. The stock grabbed 61 new institutional investments totaling 4,404,872 shares while 67 institutional investors sold out their entire positions totaling 19,364,335 shares.
Transocean Ltd. (NYSE:RIG) Insider Trades
Multiple company employees have indulged in significant insider trading. Transocean Ltd. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, CAO & CIO Davis Howard E has acquired 40,000 shares of Transocean Ltd. (RIG) in trading session dated Aug. 17, 2017. These shares are worth $292,800 and were traded at $7.32 each. The SEC filing shows that Chang Vanessa C L performed a purchase of 2,000 shares. The Director added these shares by way of transaction on Aug. 17, 2017. The company’s shares were assimilated at $7.56 per share worth to an investment of some $15,120 on account of Chang Vanessa C L.
SVP and Corporate Controller, Tonnel David A, sold 9,450 common shares of Transocean Ltd. (RIG) in the open market. In a transaction dated Apr. 27, 2017, the shares were put up for sale at an average price of $11.28, raking in a sum of $106,596. After this sale, 47,644 common shares of RIG are directly owned by the insider, with total stake valued at $491,210.
In the transaction dated Sep. 23, 2015, the great number of shares disposed came courtesy the SVP and General Counsel; Sjobring Lars disposed a total of 5,324 shares at an average price of $14.4, amounting to approximately $76,666.
Transocean Ltd. (RIG) Analyst Guide
Several analysts have released their opinion on Transocean Ltd. (NYSE:RIG), with 6 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 6 strong sell ratings, collectively assigning a 2.96 average brokerage recommendation.