Greatmark Investment Partners Inc. reduced its position in shares of Ensco PLC (NYSE:ESV) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 146,100 shares of the offshore drilling services provider’s stock after selling 1,825 shares during the period. Greatmark Investment Partners Inc.’s holdings in Ensco PLC were worth $1,419,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Fund Advisors increased 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 in the last quarter. Renaissance Technologies LLC purchased a new position in Ensco PLC during the first quarter worth $16,163,000. Jacobs Levy Equity Management Inc. increased its position in Ensco PLC by 1,321.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,143,007 shares of the offshore drilling services provider’s stock worth $11,853,000 after buying an additional 1,062,607 shares in the last quarter. HBK Investments L P purchased a new position in Ensco PLC during the first quarter worth $7,691,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in 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 worth $74,118,000 after buying an additional 695,022 shares in the last quarter. 85.79% of the stock is currently owned by institutional investors.
Shares of Ensco PLC (NYSE:ESV) traded up 0.12% during midday trading on Monday, reaching $8.31. The company’s stock had a trading volume of 4,418,103 shares. The stock’s 50-day moving average is $7.69 and its 200-day moving average is $9.39. Ensco PLC has a one year low of $6.50 and a one year high of $18.93. The company’s market capitalization is $2.51 billion.
Ensco PLC (NYSE:ESV) last announced its earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $1.51. Ensco PLC had a positive return on equity of 10.06% and a negative net margin of 39.67%. The business earned $910 million during the quarter, compared to analysts’ expectations of $746.55 million. During the same quarter in the prior year, the firm earned $1.11 earnings per share. The business’s revenue was down 14.1% compared to the same quarter last year. On average, equities analysts expect that Ensco PLC will post $1.57 earnings per share for the current fiscal year.
A number of research analysts have weighed in on ESV shares. Jefferies Group reissued a “hold” rating and issued a $8.00 target price (down previously from $10.00) on shares of Ensco PLC in a report on Wednesday, September 28th. Goldman Sachs Group Inc. raised Ensco PLC from a “neutral” rating to a “buy” rating and set a $10.50 target price on the stock in a report on Wednesday, September 21st. Citigroup Inc. increased their target price on Ensco PLC from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, August 25th. Clarkson Capital raised Ensco PLC from a “sell” rating to a “neutral” rating in a report on Thursday, September 22nd. Finally, Howard Weil started coverage on Ensco PLC in a research note on Wednesday, September 14th. They issued an “outperform” rating and a $10.00 price objective on the stock. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $11.61.
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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