Transocean Ltd. (NYSE:RIG) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of Transocean Ltd. (NYSE:RIG - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,008,596 shares of the offshore drilling services provider's stock after purchasing an additional 809,864 shares during the period. Dimensional Fund Advisors LP owned about 4.57% of Transocean worth $150,029,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Stifel Financial Corp lifted its stake in Transocean by 3.8% in the third quarter. Stifel Financial Corp now owns 152,149 shares of the offshore drilling services provider's stock worth $647,000 after acquiring an additional 5,636 shares during the period. Barclays PLC lifted its position in shares of Transocean by 60.1% in the 3rd quarter. Barclays PLC now owns 1,623,924 shares of the offshore drilling services provider's stock worth $6,902,000 after purchasing an additional 609,681 shares during the period. Franklin Resources Inc. bought a new position in shares of Transocean during the third quarter valued at approximately $157,000. Harbor Capital Advisors Inc. raised its stake in Transocean by 28.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 42,803 shares of the offshore drilling services provider's stock worth $161,000 after buying an additional 9,361 shares in the last quarter. Finally, Pallas Capital Advisors LLC raised its stake in Transocean by 25.6% in the fourth quarter. Pallas Capital Advisors LLC now owns 15,332 shares of the offshore drilling services provider's stock worth $57,000 after buying an additional 3,127 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on RIG. Barclays reduced their price target on Transocean from $4.00 to $3.50 and set an "overweight" rating for the company in a research report on Monday, April 7th. Morgan Stanley reduced their target price on shares of Transocean from $5.00 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. SEB Equity Research set a $2.80 price target on shares of Transocean in a report on Wednesday, March 5th. Citigroup reduced their price objective on shares of Transocean from $4.50 to $3.50 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Finally, Susquehanna lowered their target price on shares of Transocean from $5.00 to $4.00 and set a "positive" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $4.59.

Transocean Stock Performance

Shares of NYSE RIG traded down $0.08 during midday trading on Wednesday, reaching $2.12. The company had a trading volume of 48,665,006 shares, compared to its average volume of 24,630,785. Transocean Ltd. has a 1 year low of $1.97 and a 1 year high of $6.38. The business's 50-day simple moving average is $2.71 and its 200 day simple moving average is $3.56. The company has a current ratio of 1.47, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.87 billion, a P/E ratio of -2.90, a P/E/G ratio of 0.86 and a beta of 2.29.

Transocean (NYSE:RIG - Get Free Report) last issued its earnings results on Monday, April 28th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. The company had revenue of $906.00 million during the quarter, compared to analyst estimates of $884.92 million. Transocean had a negative return on equity of 0.52% and a negative net margin of 14.53%. The firm's quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS. On average, analysts forecast that Transocean Ltd. will post 0.14 earnings per share for the current fiscal year.

Insider Activity at Transocean

In related news, EVP Roderick James Mackenzie sold 22,000 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $3.85, for a total transaction of $84,700.00. Following the completion of the transaction, the executive vice president now directly owns 313,072 shares in the company, valued at $1,205,327.20. The trade was a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.16% of the stock is owned by insiders.

About Transocean

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.