Ameriprise Financial Inc. increased its position in Ensco Plc (NYSE:ESV) by 22.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 886,616 shares of the offshore drilling services provider’s stock after buying an additional 160,952 shares during the period. Ameriprise Financial Inc. owned about 0.29% of Ensco Plc worth $8,609,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Fund Advisors raised its position in Ensco Plc by 28.8% in the first quarter. BlackRock Fund Advisors now owns 8,442,218 shares of the offshore drilling services provider’s stock worth $87,546,000 after buying an additional 1,888,452 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Ensco Plc by 10.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,147,391 shares of the offshore drilling services provider’s stock valued at $74,118,000 after buying an additional 695,022 shares during the period. Adage Capital Partners GP L.L.C. raised its position in shares of Ensco Plc by 1.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,221,454 shares of the offshore drilling services provider’s stock valued at $54,146,000 after buying an additional 96,400 shares during the period. Bank of New York Mellon Corp raised its position in shares of Ensco Plc by 9.4% in the second quarter. Bank of New York Mellon Corp now owns 4,776,844 shares of the offshore drilling services provider’s stock valued at $46,384,000 after buying an additional 411,259 shares during the period. Finally, Norges Bank acquired a new position in shares of Ensco Plc during the fourth quarter valued at approximately $44,067,000. 85.81% of the stock is currently owned by institutional investors.
Ensco Plc (NYSE:ESV) traded up 5.60% during trading on Wednesday, reaching $8.49. The company had a trading volume of 5,481,567 shares. The firm’s market capitalization is $2.56 billion. The company has a 50-day moving average of $7.70 and a 200-day moving average of $9.49. Ensco Plc has a 52-week low of $6.50 and a 52-week high of $18.93.
Ensco Plc (NYSE:ESV) last announced its quarterly earnings data on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $1.51. The firm earned $910 million during the quarter, compared to analyst estimates of $746.55 million. Ensco Plc had a positive return on equity of 10.06% and a negative net margin of 39.67%. Ensco Plc’s quarterly revenue was down 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 earnings per share. Analysts expect that Ensco Plc will post $1.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, August 31st. Ensco Plc’s dividend payout ratio is currently -0.60%.
Several equities analysts have recently commented on ESV shares. Zephirin Group raised Ensco Plc from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Monday, September 19th. Howard Weil reaffirmed a “sector outperform” rating on shares of Ensco Plc in a research note on Thursday, September 15th. Citigroup Inc. upped their price target on Ensco Plc from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, August 25th. Scotiabank reaffirmed a “sector outperform” rating and issued a $10.00 price target on shares of Ensco Plc in a research note on Wednesday, September 14th. Finally, DNB Markets lowered Ensco Plc from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $11.98.
Ensco Plc Company Profile
Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company’s segments include Floaters, Jackups and Other. Its Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling.
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