Systematic Financial Management LP raised its holdings in Transocean Ltd. (NYSE:RIG) by 86.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 214,500 shares of the offshore drilling services provider’s stock after purchasing an additional 99,455 shares during the quarter. Systematic Financial Management LP owned 0.05% of Transocean worth $1,765,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Engineers Gate Manager LP boosted its holdings in Transocean by 821.9% in the second quarter. Engineers Gate Manager LP now owns 386,853 shares of the offshore drilling services provider’s stock valued at $3,184,000 after purchasing an additional 344,889 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Transocean in the second quarter valued at $259,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Transocean by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,052 shares of the offshore drilling services provider’s stock valued at $239,000 after purchasing an additional 175 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in 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 during the last quarter. Finally, State of Tennessee Treasury Department boosted its holdings in Transocean by 0.5% in the second quarter. State of Tennessee Treasury Department now owns 106,955 shares of the offshore drilling services provider’s stock valued at $880,000 after purchasing an additional 545 shares during the last quarter. 67.84% of the stock is currently owned by institutional investors.

Shares of Transocean Ltd. (NYSE RIG) opened at 9.24 on Friday. The stock’s 50 day moving average is $8.36 and its 200-day moving average is $9.93. The firm’s market cap is $3.61 billion. Transocean Ltd. has a one year low of $7.20 and a one year high of $16.66.

In other news, CAO Howard E. Davis acquired 40,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was acquired at an average price of $7.32 per share, with a total value of $292,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 21,793 shares in the company, valued at approximately $159,524.76. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.33% of the company’s stock.

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Several equities research analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $11.00 price target on shares of Transocean in a report on Friday, September 1st. Clarkson Capital raised shares of Transocean from a “neutral” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Friday, September 1st. Capital One Financial Corporation raised shares of Transocean from an “equal weight” rating to an “overweight” rating and set a $12.00 price target on the stock in a report on Thursday, August 31st. R. F. Lafferty set a $15.00 price target on shares of Transocean and gave the company a “buy” rating in a report on Saturday, August 26th. Finally, BidaskClub raised shares of Transocean from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Ten equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.21.

About Transocean

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.

Institutional Ownership by Quarter for Transocean (NYSE:RIG)

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