Dimensional Fund Advisors LP Buys 5,349,264 Shares of Transocean Ltd. $RIG

Posted by Brenda Bartman on Jul 22nd, 2026

Dimensional Fund Advisors LP grew its stake in shares of Transocean Ltd. (NYSE:RIG – Free Report) by 12.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,819,576 shares of the offshore drilling services provider’s stock after buying an additional 5,349,264 shares during the period. Dimensional Fund Advisors LP’s holdings in Transocean were worth $323,682,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. S&CO Inc. bought a new stake in Transocean during the 1st quarter worth approximately $298,000. Swiss National Bank boosted its position in shares of Transocean by 0.4% in the first quarter. Swiss National Bank now owns 1,961,930 shares of the offshore drilling services provider’s stock worth $13,008,000 after purchasing an additional 8,300 shares during the period. Jag Capital Management LLC bought a new position in shares of Transocean in the first quarter worth approximately $214,000. Independent Financial Group LLC purchased a new stake in shares of Transocean in the first quarter worth $210,000. Finally, Bank of New York Mellon Corp raised its position in shares of Transocean by 67.8% during the 1st quarter. Bank of New York Mellon Corp now owns 5,698,827 shares of the offshore drilling services provider’s stock valued at $37,783,000 after purchasing an additional 2,303,297 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Transocean Price Performance

Shares of NYSE:RIG opened at $5.24 on Wednesday. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of -1.76, a P/E/G ratio of 2.94 and a beta of 1.30. The firm has a fifty day moving average price of $5.80 and a 200 day moving average price of $5.83. Transocean Ltd. has a fifty-two week low of $2.63 and a fifty-two week high of $7.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.54.

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 positive return on equity of 0.88% and a negative net margin of 66.79%.The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm earned ($0.10) EPS. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, sell-side analysts expect that Transocean Ltd. will post 0.16 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Chad C. Deaton bought 35,000 shares of Transocean stock in a transaction dated Thursday, July 2nd. The shares were purchased at an average cost of $4.95 per share, with a total value of $173,250.00. Following the completion of the acquisition, the director owned 237,421 shares of the company’s stock, valued at $1,175,233.95. This trade represents a 17.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RIG. Weiss Ratings restated a “sell (d-)” rating on shares of Transocean in a research note on Friday. Morgan Stanley raised their price target on Transocean from $5.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Barclays upgraded Transocean from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $6.00 to $8.00 in a research report on Thursday, May 7th. TD Cowen upped their price objective on Transocean from $5.50 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Finally, Susquehanna cut their target price on Transocean from $8.00 to $7.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.82.

Check Out Our Latest Research Report on RIG

Transocean 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.