Transocean Ltd. $RIG Stock Holdings Increased by HighTower Advisors LLC

Posted by George Bondi on May 27th, 2026

HighTower Advisors LLC boosted its position in Transocean Ltd. (NYSE:RIG – Free Report) by 33.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,085,842 shares of the offshore drilling services provider’s stock after buying an additional 523,528 shares during the quarter. HighTower Advisors LLC’s holdings in Transocean were worth $8,615,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RIG. Dalal Street LLC bought a new stake in Transocean in the third quarter valued at about $76,260,000. Ghisallo Capital Management LLC bought a new stake in Transocean in the third quarter valued at about $57,720,000. Vanguard Group Inc. raised its stake in Transocean by 19.3% during the third quarter. Vanguard Group Inc. now owns 94,519,248 shares of the offshore drilling services provider’s stock worth $294,900,000 after acquiring an additional 15,315,289 shares during the period. Zimmer Partners LP acquired a new stake in Transocean during the third quarter worth about $30,262,000. Finally, Ninepoint Partners LP acquired a new stake in Transocean during the third quarter worth about $18,720,000. 67.73% of the stock is owned by institutional investors.

Insider Activity at Transocean

In other Transocean news, EVP Roderick James Mackenzie sold 78,370 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $6.36, for a total value of $498,433.20. Following the sale, the executive vice president owned 268,025 shares in the company, valued at approximately $1,704,639. This trade represents a 22.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

RIG has been the topic of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Transocean in a research note on Tuesday, April 21st. Pareto Securities lowered shares of Transocean from a “hold” rating to a “sell” rating and set a $5.25 price objective on the stock. in a research note on Tuesday, February 10th. TD Cowen increased their price objective on shares of Transocean from $5.50 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Susquehanna increased their price objective on shares of Transocean from $7.50 to $8.00 and gave the stock a “positive” rating in a research note on Tuesday, April 7th. Finally, Morgan Stanley increased their price objective on shares of Transocean from $5.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.96.

View Our Latest Analysis on RIG

Transocean Price Performance

Shares of NYSE:RIG opened at $6.48 on Wednesday. The firm’s 50 day moving average is $6.56 and its two-hundred day moving average is $5.44. Transocean Ltd. has a 52 week low of $2.47 and a 52 week high of $7.66. The firm has a market capitalization of $7.23 billion, a P/E ratio of -2.17 and a beta of 1.34. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

Transocean (NYSE:RIG – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The offshore drilling services provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.10). Transocean had a negative net margin of 66.79% and a positive return on equity of 0.88%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business posted ($0.10) EPS. Transocean’s revenue for the quarter was up 19.3% compared to the same quarter last year. Analysts anticipate that Transocean Ltd. will post 0.19 earnings per share for the current year.

Transocean Company Profile

(Free Report)

Transocean Ltd. is a leading international provider of offshore contract drilling services for the oil and gas industry. The company specializes in the operation of mobile drilling units, including ultra-deepwater drillships, semisubmersible rigs and high-specification jackup rigs. Transocean’s fleet is designed to meet complex drilling requirements, from ultra-deepwater well construction to shelf exploration and development projects.

The company’s core services encompass the full spectrum of offshore drilling operations, including project and engineering management, marine operations, drilling supervision, and maintenance support.