Stifel Financial Corp Has $647,000 Stake in Transocean Ltd. (NYSE:RIG)

Stifel Financial Corp grew its holdings in shares of Transocean Ltd. (NYSE:RIG) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,149 shares of the offshore drilling services provider’s stock after purchasing an additional 5,636 shares during the period. Stifel Financial Corp’s holdings in Transocean were worth $647,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Primecap Management Co. CA grew its position in Transocean by 0.4% during the third quarter. Primecap Management Co. CA now owns 56,342,169 shares of the offshore drilling services provider’s stock worth $239,454,000 after buying an additional 222,680 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Transocean by 19.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,725,995 shares of the offshore drilling services provider’s stock valued at $196,484,000 after acquiring an additional 5,856,414 shares during the period. Pilgrim Global Advisors LLC acquired a new stake in shares of Transocean during the 3rd quarter worth $77,473,000. Bank of New York Mellon Corp increased its position in shares of Transocean by 18.3% in the second quarter. Bank of New York Mellon Corp now owns 16,858,264 shares of the offshore drilling services provider’s stock worth $90,192,000 after purchasing an additional 2,606,017 shares during the period. Finally, American Century Companies Inc. raised its stake in Transocean by 24.3% in the second quarter. American Century Companies Inc. now owns 13,437,572 shares of the offshore drilling services provider’s stock valued at $71,891,000 after purchasing an additional 2,623,615 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. DNB Markets upgraded shares of Transocean from a “hold” rating to a “buy” rating in a research note on Tuesday, September 3rd. Citigroup cut shares of Transocean from a “buy” rating to a “neutral” rating in a research note on Thursday, September 12th. Barclays upgraded shares of Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 price objective for the company in a research report on Wednesday, December 18th. JPMorgan Chase & Co. raised Transocean from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a report on Friday, December 6th. Finally, Susquehanna lowered their price target on Transocean from $7.00 to $6.50 and set a “positive” rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.25.

Insider Activity

In related news, EVP Roderick James Mackenzie sold 20,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $4.29, for a total value of $85,800.00. Following the sale, the executive vice president now owns 310,857 shares of the company’s stock, valued at $1,333,576.53. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 12.54% of the stock is currently owned by insiders.

Transocean Stock Up 1.7 %

Shares of RIG opened at $3.53 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.64. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of -4.71 and a beta of 2.75. Transocean Ltd. has a 52 week low of $3.40 and a 52 week high of $6.88. The stock has a fifty day moving average of $4.14 and a 200-day moving average of $4.65.

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.