UBS Asset Management Americas Inc. boosted its position in Ensco PLC (NYSE:ESV) by 15.0% during the second quarter, Holdings Channel reports. The firm owned 477,424 shares of the offshore drilling services provider’s stock after buying an additional 62,170 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.16% of Ensco PLC worth $4,635,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Ensco PLC during the fourth quarter worth about $44,067,000. Texas Permanent School Fund boosted its stake in shares of Ensco PLC by 186.1% in the first quarter. Texas Permanent School Fund now owns 236,843 shares of the offshore drilling services provider’s stock worth $2,456,000 after buying an additional 154,060 shares during the period. Virginia Retirement System purchased a new stake in shares of Ensco PLC during the first quarter worth about $990,000. Check Capital Management Inc. CA boosted its stake in shares of Ensco PLC by 13.6% in the first quarter. Check Capital Management Inc. CA now owns 25,935 shares of the offshore drilling services provider’s stock worth $269,000 after buying an additional 3,100 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Ensco PLC by 108.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,200,610 shares of the offshore drilling services provider’s stock worth $12,450,000 after buying an additional 625,996 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.
Ensco PLC (NYSE:ESV) traded up 2.15% during trading on Friday, hitting $8.56. 5,057,934 shares of the company traded hands. The stock has a 50-day moving average price of $7.74 and a 200-day moving average price of $9.58. Ensco PLC has a 12-month low of $6.50 and a 12-month high of $18.93. The firm’s market capitalization is $2.58 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 the Thomson Reuters’ consensus estimate 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 had revenue of $910 million for the quarter, compared to analysts’ expectations of $746.55 million. During the same period in the prior year, the business posted $1.11 earnings per share. The firm’s revenue was down 14.1% on a year-over-year basis. Equities analysts expect that Ensco PLC will post $1.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Wednesday, August 31st. Ensco PLC’s payout ratio is -0.60%.
A number of equities research analysts have commented on ESV shares. Bank of America Corp. started coverage on shares of Ensco PLC in a report on Monday, June 13th. They set an “underperform” rating and a $9.00 price objective on the stock. Johnson Rice raised shares of Ensco PLC from a “hold” rating to an “accumulate” rating in a report on Monday, June 13th. Susquehanna raised shares of 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 investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.98.
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. The Company’s segments include Floaters, Jackups and Other. Its Floaters segment includes the Company’s 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 PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensco PLC and related companies with MarketBeat.com's FREE daily email newsletter.