Harbor Capital Advisors Inc. Has $161,000 Stock Position in Transocean Ltd. (NYSE:RIG)

Harbor Capital Advisors Inc. boosted its stake in shares of Transocean Ltd. (NYSE:RIG) by 28.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,803 shares of the offshore drilling services provider’s stock after purchasing an additional 9,361 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Transocean were worth $161,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of RIG. Northwestern Mutual Wealth Management Co. boosted its holdings in Transocean by 138.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,633 shares of the offshore drilling services provider’s stock valued at $25,000 after acquiring an additional 2,693 shares during the period. Orion Portfolio Solutions LLC bought a new stake in Transocean during the 3rd quarter valued at approximately $46,000. Atria Investments Inc bought a new stake in Transocean during the 3rd quarter valued at approximately $51,000. Kovitz Investment Group Partners LLC lifted its holdings in shares of Transocean by 34.0% during the third quarter. Kovitz Investment Group Partners LLC now owns 15,877 shares of the offshore drilling services provider’s stock worth $62,000 after buying an additional 4,027 shares during the last quarter. Finally, Abel Hall LLC bought a new stake in shares of Transocean in the third quarter valued at approximately $65,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Transocean news, EVP Roderick James Mackenzie sold 20,000 shares of Transocean stock in a transaction on Monday, November 18th. The stock was sold at an average price of $4.29, for a total value of $85,800.00. Following the completion of the transaction, the executive vice president now owns 310,857 shares in the company, valued at approximately $1,333,576.53. The trade was a 6.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 13.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on RIG. Evercore ISI cut shares of Transocean from an “outperform” rating to an “in-line” rating and cut their target price for the company from $6.00 to $5.00 in a research note on Wednesday. Morgan Stanley boosted their price objective on shares of Transocean from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. TD Cowen reduced their target price on shares of Transocean from $6.50 to $5.50 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Barclays upgraded Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 price target on the stock in a research note on Wednesday, December 18th. Finally, Benchmark reiterated a “hold” rating on shares of Transocean in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.94.

Transocean Stock Up 5.2 %

Shares of NYSE:RIG opened at $4.28 on Thursday. The company has a market capitalization of $3.75 billion, a PE ratio of -5.71 and a beta of 2.73. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.64. The company’s fifty day moving average is $4.06 and its 200-day moving average is $4.50. Transocean Ltd. has a 52 week low of $3.40 and a 52 week high of $6.88.

Transocean Company Profile

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.