Ensco Plc (ESV) Holdings Boosted by State Treasurer State of Michigan

State Treasurer State of Michigan raised its holdings in Ensco Plc (NYSE:ESV) by 37.1% during the fourth quarter, HoldingsChannel reports. The firm owned 156,700 shares of the offshore drilling services provider’s stock after buying an additional 42,400 shares during the period. State Treasurer State of Michigan’s holdings in Ensco were worth $926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Ensco by 87.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,734 shares of the offshore drilling services provider’s stock valued at $146,000 after purchasing an additional 11,514 shares in the last quarter. Wright Investors Service Inc. raised its position in shares of Ensco by 63.0% in the 4th quarter. Wright Investors Service Inc. now owns 27,587 shares of the offshore drilling services provider’s stock valued at $163,000 after purchasing an additional 10,660 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Ensco by 283.4% in the 4th quarter. SG Americas Securities LLC now owns 338,358 shares of the offshore drilling services provider’s stock valued at $2,000,000 after purchasing an additional 250,106 shares in the last quarter. Woodstock Corp acquired a new position in shares of Ensco in the 4th quarter valued at approximately $145,000. Finally, Unison Advisors LLC acquired a new position in shares of Ensco in the 4th quarter valued at approximately $227,000. 62.00% of the stock is currently owned by institutional investors.

ESV has been the topic of a number of recent analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $6.10 target price on shares of Ensco in a research report on Sunday, October 22nd. Cowen set a $6.00 target price on Ensco and gave the company a “hold” rating in a research report on Thursday, January 11th. Susquehanna Bancshares set a $7.00 target price on Ensco and gave the company a “hold” rating in a research report on Friday, January 12th. Jefferies Group set a $6.00 target price on Ensco and gave the company a “hold” rating in a research report on Thursday, January 4th. Finally, ValuEngine raised Ensco from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $7.52.

Shares of Ensco Plc (NYSE:ESV) opened at $4.96 on Friday. Ensco Plc has a twelve month low of $4.10 and a twelve month high of $10.68. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.58.

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Ensco 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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Institutional Ownership by Quarter for Ensco (NYSE:ESV)

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