Point View Wealth Management Inc. Has $269,000 Stake in Transocean LTD (RIG)

Point View Wealth Management Inc. lifted its position in Transocean LTD (NYSE:RIG) by 33.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,193 shares of the offshore drilling services provider’s stock after buying an additional 6,345 shares during the period. Point View Wealth Management Inc.’s holdings in Transocean were worth $269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RIG. Thrivent Financial For Lutherans lifted its stake in shares of Transocean by 2.4% in the second quarter. Thrivent Financial For Lutherans now owns 14,840 shares of the offshore drilling services provider’s stock worth $122,000 after buying an additional 350 shares in the last quarter. FMR LLC lifted its stake in shares of Transocean by 11.2% in the second quarter. FMR LLC now owns 242,096 shares of the offshore drilling services provider’s stock worth $1,992,000 after buying an additional 24,420 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Transocean by 3.8% in the second quarter. Voya Investment Management LLC now owns 243,009 shares of the offshore drilling services provider’s stock worth $2,000,000 after buying an additional 8,877 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Transocean by 0.5% in the second quarter. Stifel Financial Corp now owns 81,518 shares of the offshore drilling services provider’s stock worth $664,000 after buying an additional 410 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Transocean by 7.5% in the second quarter. State Street Corp now owns 22,918,962 shares of the offshore drilling services provider’s stock worth $188,616,000 after buying an additional 1,593,179 shares in the last quarter. Hedge funds and other institutional investors own 74.78% of the company’s stock.

Shares of Transocean LTD (RIG) opened at $9.30 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.36 and a quick ratio of 2.13. The stock has a market cap of $4,224.38, a price-to-earnings ratio of -1.31 and a beta of 1.55. Transocean LTD has a 52 week low of $7.20 and a 52 week high of $14.33.

Several research analysts have recently issued reports on the stock. Piper Jaffray Companies set a $11.00 target price on shares of Transocean and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Cowen set a $8.00 price objective on shares of Transocean and gave the company a “hold” rating in a research report on Wednesday, October 18th. began coverage on shares of Transocean in a research report on Thursday, October 19th. They set a “hold” rating and a $12.00 price objective on the stock. TheStreet downgraded shares of Transocean from a “c-” rating to a “d” rating in a research report on Friday, November 3rd. Finally, ValuEngine downgraded shares of Transocean from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Eleven research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. Transocean has an average rating of “Hold” and a consensus price target of $12.11.

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Transocean Profile

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units.

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Institutional Ownership by Quarter for Transocean (NYSE:RIG)

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