Dimensional Fund Advisors LP Has $150.03 Million Holdings in Transocean Ltd. (NYSE:RIG)

Dimensional Fund Advisors LP lifted its holdings in Transocean Ltd. (NYSE:RIG - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,008,596 shares of the offshore drilling services provider's stock after acquiring an additional 809,864 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.57% of Transocean worth $150,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RIG. Charles Schwab Investment Management Inc. grew its holdings in Transocean by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,465,534 shares of the offshore drilling services provider's stock worth $46,746,000 after acquiring an additional 859,214 shares during the last quarter. Hosking Partners LLP raised its position in Transocean by 23.5% in the 4th quarter. Hosking Partners LLP now owns 1,706,143 shares of the offshore drilling services provider's stock worth $6,398,000 after purchasing an additional 324,955 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Transocean by 33.9% during the 4th quarter. Van ECK Associates Corp now owns 15,393,873 shares of the offshore drilling services provider's stock worth $57,727,000 after buying an additional 3,895,880 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Transocean by 25.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 499,801 shares of the offshore drilling services provider's stock valued at $1,874,000 after buying an additional 100,691 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Transocean by 899.8% during the fourth quarter. Prudential Financial Inc. now owns 495,675 shares of the offshore drilling services provider's stock worth $1,859,000 after acquiring an additional 446,100 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Roderick James Mackenzie sold 22,000 shares of Transocean stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $2.23, for a total transaction of $49,060.00. Following the completion of the sale, the executive vice president now owns 362,841 shares of the company's stock, valued at approximately $809,135.43. The trade was a 5.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 13.16% of the stock is owned by corporate insiders.

Transocean Stock Down 4.5 %

Shares of RIG traded down $0.11 during midday trading on Tuesday, hitting $2.21. The stock had a trading volume of 39,434,730 shares, compared to its average volume of 35,876,527. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.47 and a quick ratio of 1.34. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -3.02, a price-to-earnings-growth ratio of 0.86 and a beta of 2.29. The company has a 50 day simple moving average of $2.76 and a two-hundred day simple moving average of $3.58. Transocean Ltd. has a twelve month low of $1.97 and a twelve month high of $6.38.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RIG. TD Cowen lowered their price objective on Transocean from $6.50 to $5.50 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Citigroup dropped their price target 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. Evercore ISI cut shares of Transocean from an "outperform" rating to an "in-line" rating and reduced their price objective for the company from $6.00 to $5.00 in a research note on Wednesday, January 15th. Morgan Stanley dropped their target price on shares of Transocean from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Finally, Barclays reduced their price target on Transocean from $4.00 to $3.50 and set an "overweight" rating on the stock in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Transocean presently has a consensus rating of "Hold" and an average target price of $4.59.

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.