Transocean Ltd. $RIG Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in shares of Transocean Ltd. (NYSE:RIG) by 10.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 196,743 shares of the offshore drilling services provider’s stock after selling 22,493 shares during the period. Voya Investment Management LLC’s holdings in Transocean were worth $624,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RIG. Goldman Sachs Group Inc. boosted its holdings in Transocean by 88.9% during the first quarter. Goldman Sachs Group Inc. now owns 12,151,817 shares of the offshore drilling services provider’s stock worth $38,521,000 after buying an additional 5,719,637 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Transocean during the 1st quarter valued at approximately $7,774,000. American Century Companies Inc. lifted its position in shares of Transocean by 10.9% during the 1st quarter. American Century Companies Inc. now owns 21,348,095 shares of the offshore drilling services provider’s stock valued at $67,673,000 after acquiring an additional 2,090,658 shares during the period. Keybank National Association OH grew its holdings in shares of Transocean by 14.2% in the 1st quarter. Keybank National Association OH now owns 13,480,351 shares of the offshore drilling services provider’s stock worth $42,733,000 after acquiring an additional 1,672,958 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in Transocean by 114.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 2,424,925 shares of the offshore drilling services provider’s stock valued at $7,687,000 after purchasing an additional 1,291,565 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on RIG shares. Wall Street Zen upgraded Transocean from a “sell” rating to a “hold” rating in a research report on Sunday, August 10th. Barclays lifted their price target on Transocean from $3.50 to $4.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Transocean has an average rating of “Hold” and a consensus target price of $4.26.

Transocean Stock Down 13.0%

Shares of NYSE:RIG opened at $3.17 on Friday. The company has a market capitalization of $2.98 billion, a P/E ratio of -1.70, a P/E/G ratio of 7.00 and a beta of 2.79. The stock’s fifty day simple moving average is $3.07 and its 200-day simple moving average is $2.82. Transocean Ltd. has a 52-week low of $1.97 and a 52-week high of $4.74. The company has a quick ratio of 0.99, a current ratio of 1.26 and a debt-to-equity ratio of 0.63.

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.