Dimensional Fund Advisors LP Buys 6,719,483 Shares of Transocean Ltd. (NYSE:RIG)

Dimensional Fund Advisors LP lifted its stake in Transocean Ltd. (NYSE:RIG - Free Report) by 23.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,690,620 shares of the offshore drilling services provider's stock after acquiring an additional 6,719,483 shares during the period. Dimensional Fund Advisors LP owned approximately 4.41% of Transocean worth $226,641,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RIG. B. Riley Wealth Advisors Inc. boosted its stake in Transocean by 16.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 14,371 shares of the offshore drilling services provider's stock worth $118,000 after purchasing an additional 2,000 shares during the period. 180 Wealth Advisors LLC boosted its position in shares of Transocean by 7.4% in the fourth quarter. 180 Wealth Advisors LLC now owns 31,496 shares of the offshore drilling services provider's stock valued at $197,000 after acquiring an additional 2,170 shares during the period. Fisher Asset Management LLC grew its stake in Transocean by 11.0% during the fourth quarter. Fisher Asset Management LLC now owns 27,714 shares of the offshore drilling services provider's stock valued at $176,000 after acquiring an additional 2,743 shares in the last quarter. Barclays PLC increased its holdings in Transocean by 0.6% during the 3rd quarter. Barclays PLC now owns 570,199 shares of the offshore drilling services provider's stock worth $4,680,000 after acquiring an additional 3,573 shares during the period. Finally, VisionPoint Advisory Group LLC purchased a new stake in Transocean in the 4th quarter worth approximately $28,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Transocean Trading Up 0.5 %

Shares of Transocean stock traded up $0.03 during trading on Wednesday, reaching $6.04. The company's stock had a trading volume of 14,630,658 shares, compared to its average volume of 17,976,828. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.65. Transocean Ltd. has a 52-week low of $4.45 and a 52-week high of $8.88. The firm's 50-day moving average is $5.90 and its two-hundred day moving average is $5.86. The company has a market cap of $4.95 billion, a price-to-earnings ratio of -11.56 and a beta of 2.83.

Transocean (NYSE:RIG - Get Free Report) last posted its quarterly earnings results on Monday, April 29th. The offshore drilling services provider reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.10. The business had revenue of $767.00 million during the quarter, compared to analyst estimates of $781.86 million. Transocean had a negative net margin of 13.27% and a negative return on equity of 4.67%. The company's revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.38) earnings per share. On average, sell-side analysts anticipate that Transocean Ltd. will post 0.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on RIG. StockNews.com upgraded shares of Transocean to a "sell" rating in a research report on Tuesday, February 20th. Morgan Stanley lowered their price target on Transocean from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Monday, February 26th. Barclays dropped their price target on Transocean from $7.00 to $6.00 and set an "equal weight" rating for the company in a research report on Thursday, February 22nd. Evercore ISI decreased their price objective on shares of Transocean from $9.00 to $7.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 1st. Finally, Citigroup dropped their target price on shares of Transocean from $9.00 to $7.00 and set a "buy" rating for the company in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $7.70.

Transocean Company 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.