Schroder Investment Management Group boosted its position in Transocean Ltd. (NYSE:RIG) by 420.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,205,411 shares of the offshore drilling services provider’s stock after acquiring an additional 973,967 shares during the period. Schroder Investment Management Group owned 0.31% of Transocean worth $12,766,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in Transocean by 12.1% in the second quarter. BlackRock Inc. now owns 25,538,929 shares of the offshore drilling services provider’s stock worth $210,185,000 after acquiring an additional 2,756,207 shares in the last quarter. State Street Corp lifted its holdings in shares of Transocean by 7.5% in the second quarter. State Street Corp now owns 22,918,962 shares of the offshore drilling services provider’s stock valued at $188,616,000 after purchasing an additional 1,593,179 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Transocean by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 12,593,894 shares of the offshore drilling services provider’s stock valued at $103,650,000 after purchasing an additional 210,390 shares in the last quarter. Contrarius Investment Management Ltd lifted its holdings in shares of Transocean by 10.3% in the third quarter. Contrarius Investment Management Ltd now owns 10,742,267 shares of the offshore drilling services provider’s stock valued at $115,587,000 after purchasing an additional 1,002,237 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Transocean by 129.6% in the second quarter. Thompson Siegel & Walmsley LLC now owns 6,299,461 shares of the offshore drilling services provider’s stock valued at $51,844,000 after purchasing an additional 3,556,281 shares in the last quarter. Institutional investors and hedge funds own 73.09% of the company’s stock.

Shares of Transocean Ltd. (NYSE RIG) traded down $0.05 during midday trading on Friday, hitting $10.06. The stock had a trading volume of 6,362,600 shares, compared to its average volume of 13,798,341. The stock has a market capitalization of $3,955.17, a PE ratio of 12.64 and a beta of 1.80. Transocean Ltd. has a one year low of $7.20 and a one year high of $16.66. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.13 and a current ratio of 2.36.

Transocean (NYSE:RIG) last announced its quarterly earnings results on Wednesday, November 1st. The offshore drilling services provider reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.20. The company had revenue of $808.00 million during the quarter, compared to analysts’ expectations of $703.13 million. Transocean had a positive return on equity of 2.10% and a negative net margin of 84.09%. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share. analysts predict that Transocean Ltd. will post -0.34 EPS for the current fiscal year.

RIG has been the topic of a number of recent research reports. Clarkson Capital upgraded Transocean from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Friday, September 1st. R. F. Lafferty set a $15.00 target price on Transocean and gave the company a “buy” rating in a report on Saturday, August 26th. Royal Bank Of Canada raised their target price on Transocean from $11.00 to $13.00 and gave the company a “sector perform” rating in a report on Tuesday, November 14th. ValuEngine upgraded Transocean from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded Transocean from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Tuesday, October 3rd. Eleven research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the stock. Transocean presently has a consensus rating of “Hold” and a consensus price target of $12.31.

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Transocean Profile

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units.

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Institutional Ownership by Quarter for Transocean (NYSE:RIG)

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