Rhumbline Advisers increased its holdings in shares of Ensco Plc (NYSE:ESV) by 30.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 804,466 shares of the offshore drilling services provider’s stock after acquiring an additional 186,265 shares during the period. Rhumbline Advisers’ holdings in Ensco were worth $4,754,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in ESV. Private Advisor Group LLC purchased a new position in shares of Ensco during the 3rd quarter valued at approximately $100,000. Bedel Financial Consulting Inc. acquired a new position in Ensco in the 4th quarter valued at $100,000. Raymond James Financial Services Advisors Inc. acquired a new position in Ensco in the 2nd quarter valued at $116,000. Crossmark Global Holdings Inc. acquired a new position in Ensco in the 3rd quarter valued at $121,000. Finally, Creative Planning raised its stake in Ensco by 70.5% in the 4th quarter. Creative Planning now owns 24,127 shares of the offshore drilling services provider’s stock valued at $143,000 after purchasing an additional 9,980 shares during the last quarter. Hedge funds and other institutional investors own 69.62% of the company’s stock.
Several research firms recently commented on ESV. Zacks Investment Research raised Ensco from a “sell” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Co reduced their price objective on Ensco from $7.00 to $6.00 and set a “market perform” rating for the company in a research note on Wednesday, February 28th. Piper Jaffray Companies downgraded Ensco from an “overweight” rating to a “neutral” rating and set a $6.00 price objective for the company. in a research note on Thursday, January 11th. Cowen set a $6.00 price objective on Ensco and gave the company a “hold” rating in a research note on Thursday, January 11th. Finally, Susquehanna Bancshares set a $7.00 price objective on Ensco and gave the company a “hold” rating in a research note on Friday, January 12th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $7.07.
Ensco (NYSE:ESV) last issued its earnings results on Tuesday, February 27th. The offshore drilling services provider reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.03. Ensco had a negative return on equity of 1.86% and a negative net margin of 16.48%. The business had revenue of $454.00 million during the quarter, compared to the consensus estimate of $453.21 million. During the same period last year, the company earned $0.10 EPS. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. research analysts predict that Ensco Plc will post -0.98 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, March 2nd. Ensco’s dividend payout ratio (DPR) is presently -4.94%.
TRADEMARK VIOLATION WARNING: “Ensco Plc (ESV) Stake Lifted by Rhumbline Advisers” was published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3255163/ensco-plc-esv-stake-lifted-by-rhumbline-advisers.html.
Ensco Company Profile
Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
Want to see what other hedge funds are holding ESV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ensco Plc (NYSE:ESV).
Receive News & Ratings for Ensco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensco and related companies with MarketBeat.com's FREE daily email newsletter.