Strs Ohio cut its stake in Ensco PLC (NYSE:ESV) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 386,000 shares of the offshore drilling services provider’s stock after selling 5,521 shares during the period. Strs Ohio’s holdings in Ensco PLC were worth $3,748,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sigma Planning Corp purchased a new position in shares of Ensco PLC during the second quarter valued at about $101,000. Eqis Capital Management Inc. purchased a new position in shares of Ensco PLC during the second quarter valued at about $122,000. Advisor Partners LLC purchased a new position in shares of Ensco PLC during the first quarter valued at about $139,000. Creative Planning boosted its position in shares of Ensco PLC by 4.0% in the second quarter. Creative Planning now owns 14,783 shares of the offshore drilling services provider’s stock valued at $144,000 after buying an additional 572 shares during the period. Finally, LS Investment Advisors LLC boosted its position in shares of Ensco PLC by 129.7% in the second quarter. LS Investment Advisors LLC now owns 18,466 shares of the offshore drilling services provider’s stock valued at $179,000 after buying an additional 10,426 shares during the period. 85.81% of the stock is owned by institutional investors and hedge funds.
Shares of Ensco PLC (NYSE:ESV) traded up 0.36% during midday trading on Friday, hitting $8.37. 5,519,686 shares of the stock traded hands. The company’s 50 day moving average price is $7.66 and its 200-day moving average price is $9.46. The stock’s market cap is $2.52 billion. Ensco PLC has a 12-month low of $6.50 and a 12-month high of $18.93.
Ensco PLC (NYSE:ESV) last posted its earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share for the quarter, beating the 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 negative net margin of 39.67% and a positive return on equity of 10.06%. The business’s quarterly revenue was down 14.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. On average, equities research analysts expect that Ensco PLC will post $1.57 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a $0.01 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.48%. Ensco PLC’s dividend payout ratio is currently -0.60%.
Several research analysts have issued reports on ESV shares. Johnson Rice raised shares of Ensco PLC from a “hold” rating to an “accumulate” rating in a report on Monday, June 13th. Evercore ISI reaffirmed a “buy” rating on shares of Ensco PLC in a report on Wednesday, June 29th. Zephirin Group raised shares of Ensco PLC from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Monday, September 19th. Goldman Sachs Group Inc. raised shares of Ensco PLC from a “neutral” rating to a “buy” rating and set a $10.50 price objective for the company in a report on Wednesday, September 21st. Finally, Jefferies Group reissued a “hold” rating on shares of Ensco PLC in a report on Sunday, July 10th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.98.
About Ensco PLC
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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