Parametric Portfolio Associates LLC decreased its stake in Transocean Ltd. (NYSE:RIG) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,108,841 shares of the offshore drilling services provider’s stock after selling 17,532 shares during the period. Parametric Portfolio Associates LLC owned about 0.28% of Transocean worth $9,126,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Transocean by 0.6% in the 2nd 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. Thrivent Financial For Lutherans lifted its stake in Transocean by 2.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 14,840 shares of the offshore drilling services provider’s stock valued at $122,000 after purchasing an additional 350 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Transocean by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 24,300 shares of the offshore drilling services provider’s stock valued at $200,000 after purchasing an additional 400 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Transocean by 1.7% in the 1st quarter. Teacher Retirement System of Texas now owns 31,059 shares of the offshore drilling services provider’s stock valued at $387,000 after purchasing an additional 508 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Transocean by 4.1% during the first quarter. Neuberger Berman Group LLC now owns 13,315 shares of the offshore drilling services provider’s stock valued at $166,000 after acquiring an additional 521 shares during the last quarter. 67.81% of the stock is owned by institutional investors and hedge funds.

Transocean Ltd. (RIG) opened at 10.86 on Friday. Transocean Ltd. has a 1-year low of $7.20 and a 1-year high of $16.66. The company’s market capitalization is $4.25 billion. The firm has a 50 day moving average of $9.54 and a 200-day moving average of $9.55.

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In other Transocean news, CAO Howard E. Davis bought 40,000 shares of Transocean stock in a transaction dated Thursday, August 17th. The shares were purchased at an average cost of $7.32 per share, with a total value of $292,800.00. Following the transaction, the chief accounting officer now directly owns 21,793 shares of the company’s stock, valued at $159,524.76. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is owned by corporate insiders.

Several equities analysts have recently issued reports on RIG shares. BidaskClub downgraded shares of Transocean from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Jefferies Group LLC set a $12.00 price target on shares of Transocean and gave the company a “hold” rating in a research note on Saturday, July 1st. Sanford C. Bernstein downgraded shares of Transocean from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $16.50 to $9.00 in a research note on Thursday, July 6th. Credit Suisse Group reaffirmed a “buy” rating on shares of Transocean in a research note on Wednesday, July 19th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Transocean in a research note on Saturday, July 22nd. Ten analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the stock. Transocean presently has an average rating of “Hold” and an average price target of $12.67.

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.

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Institutional Ownership by Quarter for Transocean (NYSE:RIG)

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