Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires 2,031,208 Shares of Transocean Ltd. $RIG

Posted by on Jul 3rd, 2026

Fideuram Intesa Sanpaolo Private Banking S.P.A. boosted its holdings in Transocean Ltd. (NYSE:RIG – Free Report) by 358.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,597,366 shares of the offshore drilling services provider’s stock after acquiring an additional 2,031,208 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Transocean were worth $17,221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. raised its stake in Transocean by 22,432.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 6,309 shares of the offshore drilling services provider’s stock worth $26,000 after acquiring an additional 6,281 shares in the last quarter. Josh Arnold Investment Consultant LLC acquired a new stake in shares of Transocean in the 2nd quarter valued at approximately $26,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Transocean in the 4th quarter valued at approximately $27,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Transocean during the 3rd quarter valued at approximately $31,000. Finally, Larson Financial Group LLC increased its position in Transocean by 203.8% during the 3rd quarter. Larson Financial Group LLC now owns 11,030 shares of the offshore drilling services provider’s stock worth $34,000 after purchasing an additional 7,399 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Key Stories Impacting Transocean

Here are the key news stories impacting Transocean this week:

  • Positive Sentiment: Transocean secured a conditional agreement with Equinor for three “Cat D” harsh-environment rigs, adding over $1 billion to backlog and strengthening future revenue visibility. MarketWatch article
  • Positive Sentiment: Analysts at Zacks Research recently raised some longer-term earnings estimates for Transocean, reflecting improved expectations following the Equinor deal.
  • Neutral Sentiment: The Equinor contract remains subject to license approvals, so the full benefit is not yet finalized.
  • Negative Sentiment: Other Zacks updates trimmed near-term earnings estimates for 2026-2027, suggesting profitability may remain uneven before the new contract fully ramps.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Transocean in a research note on Tuesday, April 21st. Morgan Stanley upped their price target on shares of Transocean from $5.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Susquehanna increased their price target on Transocean from $7.50 to $8.00 and gave the company a “positive” rating in a research note on Tuesday, April 7th. TD Cowen raised their price objective on Transocean from $5.50 to $6.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Finally, Barclays upgraded Transocean from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $6.00 to $8.00 in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.96.

Get Our Latest Analysis on Transocean

Transocean Stock Up 3.8%

Shares of NYSE RIG opened at $5.05 on Friday. The company has a 50 day simple moving average of $6.13 and a 200 day simple moving average of $5.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.54 and a quick ratio of 1.20. Transocean Ltd. has a 1 year low of $2.53 and a 1 year high of $7.66. The firm has a market cap of $5.64 billion, a PE ratio of -1.70 and a beta of 1.30.

Transocean (NYSE:RIG – Get Free Report) last announced its earnings results on Monday, May 4th. The offshore drilling services provider reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.10). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. Transocean had a positive return on equity of 0.88% and a negative net margin of 66.79%.The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.10) earnings per share. On average, research analysts forecast that Transocean Ltd. will post 0.16 EPS 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.

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Institutional Ownership by Quarter for Transocean (NYSE:RIG)

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