Check Capital Management Inc. CA lifted its position in shares of Ensco Plc (NYSE:ESV) by 10.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,735 shares of the offshore drilling services provider’s stock after buying an additional 2,700 shares during the period. Check Capital Management Inc. CA’s holdings in Ensco Plc were worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swiss National Bank increased its holdings in shares of Ensco Plc by 0.8% during the 1st quarter. Swiss National Bank now owns 499,438 shares of the offshore drilling services provider’s stock worth $4,470,000 after buying an additional 4,100 shares during the last quarter. Nationwide Fund Advisors increased its holdings in shares of Ensco Plc by 3.0% during the 1st quarter. Nationwide Fund Advisors now owns 547,531 shares of the offshore drilling services provider’s stock worth $4,900,000 after buying an additional 15,777 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Ensco Plc by 20.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 37,896 shares of the offshore drilling services provider’s stock worth $339,000 after buying an additional 6,436 shares during the last quarter. Contrarius Investment Management Ltd increased its holdings in shares of Ensco Plc by 114.5% during the 2nd quarter. Contrarius Investment Management Ltd now owns 7,638,005 shares of the offshore drilling services provider’s stock worth $39,412,000 after buying an additional 4,077,861 shares during the last quarter. Finally, RidgeWorth Capital Management LLC acquired a new stake in shares of Ensco Plc during the 1st quarter worth approximately $24,001,000. Institutional investors and hedge funds own 91.56% of the company’s stock.
A number of analysts have recently issued reports on the stock. ValuEngine downgraded shares of Ensco Plc from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Seaport Global Securities cut shares of Ensco Plc from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $6.50 to $4.00 in a research report on Wednesday, June 21st. BidaskClub raised shares of Ensco Plc from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Jefferies Group LLC set a $9.00 price objective on shares of Ensco Plc and gave the stock a “hold” rating in a research report on Wednesday, May 24th. Finally, Clarkson Capital raised shares of Ensco Plc from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Tuesday, May 30th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. Ensco Plc has an average rating of “Hold” and a consensus target price of $9.83.
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Ensco Plc (ESV) traded down 1.18% during midday trading on Friday, hitting $5.03. 5,191,570 shares of the stock traded hands. The company’s 50-day moving average is $4.69 and its 200-day moving average is $6.64. Ensco Plc has a one year low of $4.10 and a one year high of $12.04. The company has a market cap of $1.53 billion, a PE ratio of 31.44 and a beta of 1.65.
Ensco Plc (NYSE:ESV) last posted its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. Ensco Plc had a net margin of 2.68% and a return on equity of 0.77%. The firm had revenue of $457.50 million for the quarter, compared to the consensus estimate of $453.48 million. During the same period in the prior year, the firm posted $2.04 EPS. The firm’s revenue was down 49.7% compared to the same quarter last year. Equities research analysts expect that Ensco Plc will post ($0.38) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Monday, September 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, September 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.78%. Ensco Plc’s dividend payout ratio (DPR) is 23.53%.
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. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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