Shelter Mutual Insurance Co continued to hold its stake in Ensco PLC (NYSE:ESV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,100 shares of the offshore drilling services provider’s stock at the end of the second quarter. Shelter Mutual Insurance Co’s holdings in Ensco PLC were worth $816,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. BlackRock Fund Advisors increased its stake 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 during the period. Prudential Financial Inc. increased its stake in Ensco PLC by 78.9% in the first quarter. Prudential Financial Inc. now owns 8,143,320 shares of the offshore drilling services provider’s stock worth $84,446,000 after buying an additional 3,592,260 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake 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 during the period. Adage Capital Partners GP L.L.C. increased its stake in Ensco PLC by 1.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,221,454 shares of the offshore drilling services provider’s stock worth $54,146,000 after buying an additional 96,400 shares during the period. Finally, Norges Bank bought a new stake in Ensco PLC during the fourth quarter worth about $44,067,000. Institutional investors and hedge funds own 85.81% of the company’s stock.
Shares of Ensco PLC (NYSE:ESV) traded up 1.43% during trading on Friday, reaching $8.50. The company’s stock had a trading volume of 9,204,084 shares. The stock’s market capitalization is $2.56 billion. Ensco PLC has a 12-month low of $6.50 and a 12-month high of $18.93. The firm’s 50-day moving average is $7.74 and its 200-day moving average is $9.58.
Ensco PLC (NYSE:ESV) last announced its quarterly 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 firm had revenue of $910 million for the quarter, compared to analyst estimates of $746.55 million. Ensco PLC had a positive return on equity of 10.06% and a negative net margin of 39.67%. The business’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 earnings per share. Equities analysts expect that Ensco PLC will post $1.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.47%. Ensco PLC’s dividend payout ratio is currently -0.60%.
ESV has been the subject of a number of research analyst reports. Howard Weil initiated coverage on shares of Ensco PLC in a report on Wednesday, September 14th. They set an “outperform” rating and a $10.00 price objective for the company. Zacks Investment Research upgraded shares of Ensco PLC from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Goldman Sachs Group Inc. upgraded shares of Ensco PLC from a “neutral” rating to a “buy” rating and set a $10.50 price objective for the company in a report on Wednesday, September 21st. Jefferies Group reiterated a “hold” rating on shares of Ensco PLC in a research report on Sunday, July 10th. Finally, Clarkson Capital upgraded shares of Ensco PLC from a “sell” rating to a “neutral” rating in a research report on Thursday, September 22nd. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company 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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