Transocean Ltd. (NYSE:RIG) is at least 22.54% than its current record low price of $5.28. There was a 5.37% gain on 7/10/2019 that led the price to move at $6.47. At a recent session, the prices were hovering between $6.25 and $6.5. This company shares are 84.23% off its target price of $11.92 and the current market capitalization stands at $3.9B. The recent change has given its price a -3.16% deficit over SMA 50 and -55.29% deficit over its 52-week high. The stock witnessed 8.56% gains, -28.11% declines and -23.16% 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 3.47% and during a month it has been found around 4.68%.

What Does Transocean Ltd. (RIG) Do?

The company describes itself in regulatory filings as, “Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. The company was founded in 1954 and is headquartered in Steinhausen, Switzerland.” [Text can be found here: https://www.marketwatch.com/investing/stock/RIG/profile under company description.]

Transocean Ltd. (RIG) Top Holders

Institutional investors currently hold around $2.7 billion or 73.3% in RIG stock. Look at its top three institutional owners: Vanguard Group Inc owns $316.55 million in Transocean Ltd., which represents roughly 8.12% of the company’s market cap and approximately 11.74% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 47,148,891 shares of the stock are valued at $289.49 million. The third largest holder is Primecap Management Co/Ca/, which currently holds $208.3 million worth of this stock and that ownership represents nearly 5.34% of its market capitalization.

Transocean Ltd. 13F Filings

At the end of March reporting period, 194 institutional holders increased their position in Transocean Ltd. (NYSE:RIG) by some 44,647,691 shares, 194 decreased positions by 74,670,312 and 100 held positions by 319,815,470. That puts total institutional holdings at 439,133,473 shares, according to SEC filings. The stock grabbed 54 new institutional investments totaling 5,702,146 shares while 52 institutional investors sold out their entire positions totaling 23,843,501 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 sold 98,049 shares of Transocean Ltd. (RIG) in the trading session dated Jun. 28, 2019. These shares are worth $619,670 and were traded at $6.32 each. The SEC filing shows that DAVIS HOWARD E performed a purchase of 98,049 shares. The EVP, CAO & CIO added these shares by way of transaction on Jun. 28, 2019. The company’s shares were assimilated at $6.35 per share worth to an investment of some $622,611 to the account of DAVIS HOWARD E.

Director, CHANG VANESSA C L, purchased 4,300 common shares of Transocean Ltd. (RIG) in the open market. In a transaction dated Jun. 06, 2019, the shares were bought at an average price of $5.92, giving away a sum of $25,456. After this purchase, 14,000 common shares of RIG are directly owned by the insider, with total stake valued at $90,580.

In the transaction dated May. 07, 2019, a great number of shares acquired came courtesy the Director; INTRIERI VINCENT J added a total of 10,000 shares at an average price of $7.35, amounting to approximately $73,500. The insider now directly owns 20,000 shares worth $129,400.

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 7 of them predict the stock is a hold. Also, there are 15 buy, 3 sell and 0 strong sell ratings, collectively assigning a 2.23 average brokerage recommendation [T1].