Marshall Wace LLP trimmed its holdings in shares of Ensco Plc (NYSE:ESV) by 19.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,986,855 shares of the offshore drilling services provider’s stock after selling 714,702 shares during the period. Marshall Wace LLP’s holdings in Ensco were worth $25,209,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Arizona State Retirement System boosted its position in Ensco by 2.9% during the second quarter. Arizona State Retirement System now owns 303,474 shares of the offshore drilling services provider’s stock valued at $2,203,000 after buying an additional 8,482 shares during the period. American International Group Inc. boosted its position in Ensco by 1.0% during the third quarter. American International Group Inc. now owns 880,627 shares of the offshore drilling services provider’s stock valued at $7,432,000 after buying an additional 9,026 shares during the period. D.A. Davidson & CO. boosted its position in Ensco by 36.2% during the third quarter. D.A. Davidson & CO. now owns 35,950 shares of the offshore drilling services provider’s stock valued at $303,000 after buying an additional 9,550 shares during the period. Alps Advisors Inc. boosted its position in Ensco by 10.3% during the second quarter. Alps Advisors Inc. now owns 118,967 shares of the offshore drilling services provider’s stock valued at $864,000 after buying an additional 11,143 shares during the period. Finally, Aperio Group LLC boosted its position in Ensco by 2.3% during the second quarter. Aperio Group LLC now owns 505,341 shares of the offshore drilling services provider’s stock valued at $3,669,000 after buying an additional 11,308 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.
Several research firms have issued reports on ESV. UBS Group set a $12.00 price target on shares of Ensco and gave the company a “buy” rating in a research report on Wednesday, October 10th. Johnson Rice upgraded shares of Ensco from an “accumulate” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday, October 17th. Wells Fargo & Co upgraded shares of Ensco from a “market perform” rating to an “outperform” rating and set a $11.00 price target for the company in a research report on Tuesday, October 9th. Piper Jaffray Companies restated a “hold” rating and set a $9.00 price target on shares of Ensco in a research report on Tuesday, October 9th. Finally, Cowen began coverage on shares of Ensco in a research report on Saturday, October 13th. They set a “hold” rating and a $7.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued 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 a consensus target price of $8.74.
Shares of NYSE:ESV opened at $5.11 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.58 and a current ratio of 2.58. Ensco Plc has a 12 month low of $4.10 and a 12 month high of $9.51.
Ensco (NYSE:ESV) last issued its quarterly earnings data on Monday, October 29th. The offshore drilling services provider reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.02. The firm had revenue of $431.00 million during the quarter, compared to the consensus estimate of $424.66 million. Ensco had a negative net margin of 36.53% and a negative return on equity of 5.98%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) earnings per share. As a group, analysts forecast that Ensco Plc will post -1.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Monday, December 3rd will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, November 30th. Ensco’s dividend payout ratio (DPR) is -7.69%.
In other news, VP Steven Joseph Brady sold 4,500 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $6.22, for a total transaction of $27,990.00. Following the completion of the transaction, the vice president now directly owns 314,864 shares of the company’s stock, valued at $1,958,454.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.
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Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.
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