Capstone Asset Management Co. lowered its stake in Ensco PLC (NYSE:ESV) by 2.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 19,800 shares of the offshore drilling services provider’s stock after selling 410 shares during the period. Capstone Asset Management Co.’s holdings in Ensco PLC were worth $168,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning boosted its position in shares of Ensco PLC by 206.8% in the third quarter. Creative Planning now owns 45,349 shares of the offshore drilling services provider’s stock valued at $385,000 after buying an additional 30,566 shares in the last quarter. Eqis Capital Management Inc. boosted its position in shares of Ensco PLC by 49.6% in the third quarter. Eqis Capital Management Inc. now owns 18,808 shares of the offshore drilling services provider’s stock valued at $160,000 after buying an additional 6,239 shares in the last quarter. LVM Capital Management Ltd. MI acquired a new position in shares of Ensco PLC during the third quarter valued at approximately $11,159,000. Nomura Holdings Inc. boosted its position in shares of Ensco PLC by 63.4% in the second quarter. Nomura Holdings Inc. now owns 16,500 shares of the offshore drilling services provider’s stock valued at $161,000 after buying an additional 6,402 shares in the last quarter. Finally, Mason Street Advisors LLC acquired a new position in shares of Ensco PLC during the second quarter valued at approximately $1,334,000. 85.87% of the stock is currently owned by institutional investors.
Shares of Ensco PLC (NYSE:ESV) opened at 8.35 on Friday. The company’s market capitalization is $2.52 billion. The stock’s 50 day moving average is $7.68 and its 200 day moving average is $9.40. Ensco PLC has a 52-week low of $6.50 and a 52-week high of $18.93.
Ensco PLC (NYSE:ESV) last announced its quarterly earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $1.51. The business earned $910 million during the quarter, compared to analysts’ expectations of $746.55 million. Ensco PLC had a negative net margin of 39.67% and a positive return on equity of 10.06%. The firm’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 EPS. Equities analysts expect that Ensco PLC will post $1.57 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.04 annualized dividend and a yield of 0.48%. Ensco PLC’s payout ratio is currently -0.60%.
Several research analysts have recently commented on the stock. Jefferies Group reaffirmed a “hold” rating and set a $8.00 target price (down from $10.00) on shares of Ensco PLC in a report on Wednesday, September 28th. Evercore ISI reissued a “buy” rating on shares of Ensco PLC in a research note on Thursday, September 22nd. Clarkson Capital raised shares of Ensco PLC from a “sell” rating to a “neutral” rating in a research note on Thursday, September 22nd. Goldman Sachs Group Inc. raised shares of Ensco PLC from a “neutral” rating to a “buy” rating and set a $10.50 price objective on the stock in a research note on Wednesday, September 21st. Finally, Zephirin Group raised shares of Ensco PLC from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Monday, September 19th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target 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.