Transocean LTD (Put) (RIG) Shares Declined While Wolverine Asset Management LLC Has Lifted Its Holding

October 2, 2018 - By whatsonthorold

Transocean Ltd. (NYSE:RIG) LogoInvestors sentiment decreased to 0.87 in Q2 2018. Its down 0.42, from 1.29 in 2018Q1. It turned negative, as 44 investors sold RIG shares while 122 reduced holdings. 68 funds opened positions while 76 raised stakes. 283.66 million shares or 4.25% less from 296.24 million shares in 2018Q1 were reported. Williams Jones And Associates holds 0.04% of its portfolio in Transocean Ltd. (NYSE:RIG) for 121,460 shares. Spears Abacus Advsr Limited Liability Corporation accumulated 0.76% or 435,800 shares. Cetera Advsrs Limited holds 0.09% of its portfolio in Transocean Ltd. (NYSE:RIG) for 113,346 shares. Moreover, Qs Ltd Co has 0% invested in Transocean Ltd. (NYSE:RIG). Services Automobile Association holds 619,608 shares. Thompson Davis & Inc owns 226 shares. State Of Alaska Department Of Revenue has invested 0.01% in Transocean Ltd. (NYSE:RIG). 304,531 were reported by Arizona State Retirement Systems. Lmr Prns Ltd Liability Partnership reported 0.04% of its portfolio in Transocean Ltd. (NYSE:RIG). Ubs Asset Mngmt Americas has invested 0% in Transocean Ltd. (NYSE:RIG). 33,859 were reported by Horizon Kinetics Limited Co. Guggenheim Limited Liability owns 173,228 shares or 0.02% of their US portfolio. Focused Wealth Management holds 0.08% of its portfolio in Transocean Ltd. (NYSE:RIG) for 16,469 shares. Northwestern Mutual Wealth Management holds 11,611 shares. Odey Asset Grp Inc Limited reported 2.99M shares.

Wolverine Asset Management Llc increased its stake in Transocean Ltd (Put) (RIG) by 59.67% based on its latest 2018Q2 regulatory filing with the SEC. Wolverine Asset Management Llc bought 727,900 shares as the company’s stock declined 7.45% while stock markets rallied. The hedge fund held 1.95M shares of the oil & gas production company at the end of 2018Q2, valued at $26.18 million, up from 1.22 million at the end of the previous reported quarter. Wolverine Asset Management Llc who had been investing in Transocean Ltd (Put) for a number of months, seems to be bullish on the $6.45B market cap company. The stock decreased 0.99% or $0.14 during the last trading session, reaching $13.97. About 6.56 million shares traded. Transocean Ltd. (NYSE:RIG) has risen 30.03% since October 2, 2017 and is uptrending. It has outperformed by 14.41% the S&P500.

Wolverine Asset Management Llc, which manages about $6.60B and $7.73B US Long portfolio, decreased its stake in Frontier Communications Corp (Call) by 1.02 million shares to 53,000 shares, valued at $284,000 in 2018Q2, according to the filing. It also reduced its holding in Norfolk Southern Corp (Put) (NYSE:NSC) by 1.24 million shares in the quarter, leaving it with 19,300 shares, and cut its stake in Square Inc (Put).

More notable recent Transocean Ltd. (NYSE:RIG) news were published by: Seekingalpha.com which released: “Transocean: Finally, A Strategic Win” on September 13, 2018, also Seekingalpha.com with their article: “Transocean: Mixed Emotions About The Ocean Rig Deal” published on September 06, 2018, Seekingalpha.com published: “Transocean Bags An Important Contract Extension With Petrobras” on October 01, 2018. More interesting news about Transocean Ltd. (NYSE:RIG) were released by: Seekingalpha.com and their article: “Transocean: New Contract Analysis” published on September 24, 2018 as well as Fool.com‘s news article titled: “Why Transocean, Novavax, and Steelcase Jumped Today” with publication date: September 21, 2018.

Transocean Ltd. (NYSE:RIG) Ratings Coverage

Among 10 analysts covering Transocean (NYSE:RIG), 8 have Buy rating, 1 Sell and 1 Hold. Therefore 80% are positive. Transocean had 11 analyst reports since April 4, 2018 according to SRatingsIntel. The rating was upgraded by Wells Fargo on Wednesday, September 19 to “Outperform”. As per Thursday, June 21, the company rating was maintained by Citigroup. Citigroup maintained the stock with “Buy” rating in Monday, April 30 report. The company was maintained on Thursday, August 9 by Barclays Capital. On Wednesday, April 4 the stock rating was upgraded by HSBC to “Buy”. On Wednesday, August 1 the stock rating was downgraded by Fearnleys to “Accumulate”. The stock has “Outperform” rating by RBC Capital Markets on Thursday, September 20. The stock of Transocean Ltd. (NYSE:RIG) has “Neutral” rating given on Wednesday, April 18 by Bank of America.

Transocean Ltd. (NYSE:RIG) Ratings Chart

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