ProShare Advisors LLC Acquires New Holdings in Transocean Ltd. $RIG

Posted by George Bondi on Nov 9th, 2026

ProShare Advisors LLC bought a new position in shares of Transocean Ltd. (NYSE:RIG – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 124,091 shares of the offshore drilling services provider’s stock, valued at approximately $650,000.

Several other institutional investors and hedge funds have also bought and sold shares of RIG. Assenagon Asset Management S.A. bought a new position in Transocean in the 2nd quarter valued at $37,477,000. Elliott Investment Management L.P. bought a new position in shares of Transocean in the first quarter worth $103,606,000. Arlington Capital Management Inc. bought a new position in shares of Transocean in the second quarter worth $2,613,000. Dimensional Fund Advisors LP raised its position in shares of Transocean by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 48,819,576 shares of the offshore drilling services provider’s stock worth $323,682,000 after buying an additional 5,349,264 shares in the last quarter. Finally, Ninepoint Partners LP purchased a new stake in shares of Transocean in the second quarter worth $34,230,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Transocean in a research note on Thursday, October 15th. Fearnley Fonds upgraded Transocean from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Barclays lowered their price target on Transocean from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. Wall Street Zen downgraded Transocean from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Research upgraded Transocean from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Transocean has a consensus rating of “Hold” and an average price target of $6.68.

Check Out Our Latest Stock Report on RIG

Transocean Price Performance

Shares of NYSE:RIG opened at $5.25 on Monday. The company’s fifty day moving average price is $5.74 and its 200-day moving average price is $5.87. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 3.83 and a beta of 1.44. Transocean Ltd. has a one year low of $3.68 and a one year high of $7.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.53 and a quick ratio of 1.24.

Transocean (NYSE:RIG – Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The offshore drilling services provider reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The company had revenue of $937.00 million for the quarter, compared to analysts’ expectations of $943.99 million. Transocean had a return on equity of 1.84% and a net margin of 7.25%. Transocean’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period last year, the firm posted ($2.00) EPS. On average, equities research analysts anticipate that Transocean Ltd. will post 0.18 earnings per share for the current fiscal year.

About Transocean

(Free Report)

Transocean Ltd. is an offshore contract drilling company that provides drilling services to oil and gas companies around the world. Its work focuses on offshore exploration and development, particularly in deepwater and harsh-environment locations.

The company owns and operates a fleet of offshore drilling rigs, including drillships and semisubmersible rigs. It contracts these rigs to customers and provides the crews and related services needed to conduct offshore drilling operations.

Transocean serves customers across multiple offshore regions worldwide.