Virginia Retirement Systems ET AL acquired a new position in Ensco PLC (NYSE:ESV) during the second quarter, Holdings Channel reports. The firm acquired 95,500 shares of the offshore drilling services provider’s stock, valued at approximately $927,000.
Several other large investors have also modified their holdings of ESV. Riverhead Capital Management LLC raised its stake in shares of Ensco PLC by 144.0% in the first quarter. Riverhead Capital Management LLC now owns 266,878 shares of the offshore drilling services provider’s stock worth $2,767,000 after buying an additional 157,488 shares in the last quarter. Meeder Asset Management Inc. raised 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 worth $382,000 after buying an additional 15,155 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Ensco PLC during the first quarter worth $593,000. Canada Pension Plan Investment Board raised its stake 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. Finally, Willis Investment Counsel raised its stake 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. Hedge funds and other institutional investors own 85.81% of the company’s stock.
Ensco PLC (NYSE:ESV) opened at 8.50 on Friday. The stock’s market capitalization is $2.56 billion. The stock has a 50 day moving average price of $7.74 and a 200 day moving average price of $9.56. Ensco PLC has a 12 month low of $6.50 and a 12 month high of $18.93.
Ensco PLC (NYSE:ESV) last issued its quarterly earnings data 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. Ensco PLC had a positive return on equity of 10.06% and a negative net margin of 39.67%. The firm earned $910 million during the quarter, compared to analyst estimates of $746.55 million. During the same quarter in the prior year, the business posted $1.11 EPS. The business’s revenue for the quarter was down 14.1% compared to the same quarter last year. Equities analysts predict that Ensco PLC will post $1.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were issued a dividend of $0.01 per share. The ex-dividend date of this dividend 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 presently -0.60%.
A number of equities research analysts have recently weighed in on the company. Johnson Rice upgraded Ensco PLC from a “hold” rating to an “accumulate” rating in a research report on Monday, June 13th. Bank of America Corp. assumed coverage on Ensco PLC in a research note on Monday, June 13th. They issued an “underperform” rating and a $9.00 target price for the company. DNB Markets cut Ensco PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Zacks Investment Research cut Ensco PLC from a “hold” rating to a “strong sell” rating in a research note on Monday, July 18th. Finally, Jefferies Group restated a “hold” rating on shares of Ensco PLC in a research note on Sunday, July 10th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus 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.
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