Dividend Flows Coverage: $0.36 dividends are within arm’s reach for Transocean Partners LLC (NYSE:RIGP) shareholders.

Dividend Flows Coverage: $0.36 dividends are within arm's reach for Transocean Partners LLC (NYSE:RIGP) shareholders.

Transocean Partners LLC (NYSE:RIGP) is expected to pay $0.36 on Nov 22, 2016. The indicated annual dividend is $1.45. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Transocean Partners LLC’s current price of $11.47, the dividend is 3.16%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 4, 2016. The stock increased 0.88% or $0.1 during the last trading session, hitting $11.47. Transocean Partners LLC (NYSE:RIGP) has risen 30.69% since April 5, 2016 and is uptrending. It has outperformed by 28.73% the S&P500.

Transocean Partners LLC a limited liability company. The company has a market cap of $768.22 million. The Firm is formed by Transocean Partners Holdings Limited and a subsidiary of Transocean Ltd. , to own, operate and acquire advanced offshore drilling rigs. It currently has negative earnings. The Company’s assets consist of over 50% ownership interest in each of the entities that owns and operates over three ultra-deepwater drilling rigs that are operating in the U.S.

Insitutional Activity: The institutional sentiment decreased to 1.22 in 2016 Q2. Its down 0.78, from 2 in 2016Q1. The ratio worsened, as 6 funds sold all Transocean Partners LLC shares owned while 17 reduced positions. 8 funds bought stakes while 20 increased positions. They now own 9.82 million shares or 10.31% less from 10.95 million shares in 2016Q1.
State Bank Of New York Mellon has invested 0% of its portfolio in Transocean Partners LLC (NYSE:RIGP). Moreover, Blackrock Fund Advsrs has 0% invested in Transocean Partners LLC (NYSE:RIGP) for 6,981 shares. The Germany-based Deutsche Fincl Bank Ag has invested 0% in Transocean Partners LLC (NYSE:RIGP). Lpl Ltd Com last reported 0% of its portfolio in the stock. New York State Common Retirement Fund has invested 0% of its portfolio in Transocean Partners LLC (NYSE:RIGP). Van Eck Corporation holds 0.03% of its portfolio in Transocean Partners LLC (NYSE:RIGP) for 460,358 shares. The Switzerland-based Swiss Natl Bank has invested 0% in Transocean Partners LLC (NYSE:RIGP). Wells Fargo And Co Mn owns 9,162 shares or 0% of their US portfolio. Moreover, Renaissance Techs Ltd Liability Com has 0% invested in Transocean Partners LLC (NYSE:RIGP) for 32,600 shares. Millennium Mgmt Limited Liability Company last reported 0.01% of its portfolio in the stock. Creative Planning has 300 shares for 0% of their US portfolio. Athena Glob Invsts Limited Company holds 6,007 shares or 0.12% of its portfolio. Citigroup Incorporated accumulated 0% or 90,459 shares. Schroder Mgmt Group holds 0.02% or 592,916 shares in its portfolio. Clinton Gru accumulated 22,363 shares or 0.01% of the stock.

Transocean Partners LLC (NYSE:RIGP) Ratings Coverage

Out of 3 analysts covering Transocean Partners LLC (NYSE:RIGP), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Transocean Partners LLC has been the topic of 4 analyst reports since January 12, 2016 according to StockzIntelligence Inc. The stock of Transocean Partners LLC (NYSE:RIGP) earned “Neutral” rating by Citigroup on Monday, July 11. The company was downgraded on Tuesday, July 26 by Morgan Stanley. The stock of Transocean Partners LLC (NYSE:RIGP) earned “Buy” rating by Sidoti on Friday, January 15.

More notable recent Transocean Partners LLC (NYSE:RIGP) news were published by: Fool.com which released: “Transocean Partners LLC Soars on Buyout” on August 01, 2016, also Globenewswire.com with their article: “Transocean Partners LLC Announces Distribution for the Quarter Ending …” published on November 03, 2016, Marketwatch.com published: “/quotes/zigman/3870025/realtime” on July 31, 2014. More interesting news about Transocean Partners LLC (NYSE:RIGP) were released by: Fool.com and their article: “Why Shares of Transocean LTD and Transocean Partners LLC Plunged in December” published on January 10, 2016 as well as Seekingalpha.com‘s news article titled: “Transocean Partners: Too Good To Be True?” with publication date: March 30, 2016.

RIGP Company Profile

Transocean Partners LLC, incorporated on February 6, 2014, is a limited liability company. The Firm is formed by Transocean Partners Holdings Limited and a subsidiary of Transocean Ltd. (Transocean), to own, operate and acquire advanced offshore drilling rigs. The Company’s assets consist of over 50% ownership interest in each of the entities that owns and operates over three ultra-deepwater drilling rigs that are operating in the U.S. Gulf of Mexico (RigCo and collectively, the RigCos). The Firm generates revenue through contract drilling services, which involves contracting its mobile offshore drilling fleet, related equipment and work crews on a day-rate basis to large international energy companies to drill gas and oil wells.

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