Mraz Amerine & Associates Inc. increased its stake in Ensco PLC (NYSE:ESV) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,205 shares of the offshore drilling services provider’s stock after buying an additional 1 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Ensco PLC were worth $196,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of ESV. Meeder Asset Management Inc. increased its stake in shares of Ensco PLC by 69.7% in the first quarter. Meeder Asset Management Inc. now owns 36,889 shares of the offshore drilling services provider’s stock valued at $382,000 after buying an additional 15,155 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Ensco PLC during the first quarter worth approximately $593,000. Canada Pension Plan Investment Board increased its position in shares of Ensco PLC by 33.8% in the first quarter. Canada Pension Plan Investment Board now owns 160,410 shares of the offshore drilling services provider’s stock worth $1,663,000 after buying an additional 40,500 shares in the last quarter. Willis Investment Counsel increased its position in shares of Ensco PLC by 40.4% in the first quarter. Willis Investment Counsel now owns 320,548 shares of the offshore drilling services provider’s stock worth $3,324,000 after buying an additional 92,173 shares in the last quarter. Finally, Advisor Partners LLC acquired a new position in shares of Ensco PLC during the first quarter worth approximately $139,000. 85.81% of the stock is owned by institutional investors.
Ensco PLC (NYSE:ESV) traded up 12.26% during midday trading on Wednesday, hitting $8.15. The stock had a trading volume of 17,220,778 shares. The company’s market cap is $2.46 billion. The stock’s 50-day moving average is $7.75 and its 200-day moving average is $9.59. Ensco PLC has a one year low of $6.50 and a one year high of $18.93.
Ensco PLC (NYSE:ESV) last issued its earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 EPS for the quarter, beating the consensus estimate of $0.53 by $1.51. The company earned $910 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS. Equities analysts predict that Ensco PLC will post $1.54 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Wednesday, August 31st. Ensco PLC’s payout ratio is -0.60%.
A number of research analysts recently commented on ESV shares. Bank of America Corp. started coverage on Ensco PLC in a report on Monday, June 13th. They issued an “underperform” rating and a $9.00 price target for the company. Johnson Rice raised Ensco PLC from a “hold” rating to an “accumulate” rating in a report on Monday, June 13th. Susquehanna raised Ensco PLC from a “negative” rating to a “neutral” rating in a report on Tuesday, June 28th. Evercore ISI reissued a “buy” rating on shares of Ensco PLC in a report on Wednesday, June 29th. Finally, Jefferies Group reissued a “hold” rating on shares of Ensco PLC in a report on Sunday, July 10th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price 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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