Transocean Ltd. (NYSE:RIG) Shares Purchased by Harbor Capital Advisors Inc.

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 filing with the Securities and Exchange Commission (SEC). 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 reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its position in Transocean by 10.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,170 shares of the offshore drilling services provider’s stock worth $107,000 after purchasing an additional 2,469 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 worth $25,000 after buying an additional 2,693 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in Transocean by 34.0% in the 3rd 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 in the last quarter. CWM LLC increased its position in Transocean by 36.1% in the 3rd quarter. CWM LLC now owns 17,065 shares of the offshore drilling services provider’s stock valued at $73,000 after acquiring an additional 4,529 shares during the period. Finally, nVerses Capital LLC raised its stake in Transocean by 9.3% during the 3rd quarter. nVerses Capital LLC now owns 60,100 shares of the offshore drilling services provider’s stock valued at $255,000 after acquiring an additional 5,100 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at Transocean

In related news, EVP Roderick James Mackenzie sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $4.29, for a total transaction of $85,800.00. Following the transaction, the executive vice president now directly owns 310,857 shares of the company’s stock, valued at approximately $1,333,576.53. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 13.16% of the stock is currently owned by insiders.

Transocean Trading Up 5.2 %

Shares of RIG opened at $4.28 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64. Transocean Ltd. has a 1-year low of $3.40 and a 1-year high of $6.88. The stock has a market capitalization of $3.75 billion, a P/E ratio of -5.71 and a beta of 2.73. The business’s 50-day moving average price is $4.06 and its 200 day moving average price is $4.50.

Analyst Ratings Changes

A number of brokerages have recently commented on RIG. TD Cowen lowered their price target on Transocean from $6.50 to $5.50 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Benchmark reaffirmed a “hold” rating on shares of Transocean in a research note on Tuesday, December 3rd. Morgan Stanley boosted their price objective on Transocean from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 3rd. StockNews.com raised Transocean to a “sell” rating in a report on Tuesday, November 12th. Finally, Barclays upgraded shares of Transocean from an “equal weight” rating to an “overweight” rating and set a $4.50 price target on the stock in a research report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.94.

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.