Wells Fargo & Company MN cut its stake in shares of ENSCO PLC (NYSE:ESV) by 30.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 486,208 shares of the offshore drilling services provider’s stock after selling 210,986 shares during the period. Wells Fargo & Company MN’s holdings in ENSCO PLC were worth $4,352,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new stake in ENSCO PLC during the fourth quarter valued at $12,215,000. Commerzbank Aktiengesellschaft FI raised its stake in ENSCO PLC by 17.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 17,459 shares of the offshore drilling services provider’s stock valued at $170,000 after buying an additional 2,584 shares during the period. Comerica Bank raised its stake in ENSCO PLC by 6.4% in the fourth quarter. Comerica Bank now owns 247,034 shares of the offshore drilling services provider’s stock valued at $2,787,000 after buying an additional 14,874 shares during the period. State Street Corp raised its stake in ENSCO PLC by 6.8% in the fourth quarter. State Street Corp now owns 13,190,556 shares of the offshore drilling services provider’s stock valued at $128,208,000 after buying an additional 840,523 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in ENSCO PLC by 39.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 819,148 shares of the offshore drilling services provider’s stock valued at $7,962,000 after buying an additional 231,190 shares during the period. Institutional investors and hedge funds own 91.75% of the company’s stock.
ENSCO PLC (NYSE:ESV) opened at 5.98 on Monday. The company has a 50-day moving average of $7.30 and a 200-day moving average of $9.24. The company has a market cap of $1.82 billion, a P/E ratio of 2.63 and a beta of 1.64. ENSCO PLC has a 52-week low of $5.65 and a 52-week high of $12.04.
ENSCO PLC (NYSE:ESV) last released its quarterly earnings data on Thursday, April 27th. The offshore drilling services provider reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. ENSCO PLC had a net margin of 28.32% and a return on equity of 3.07%. The firm had revenue of $471.10 million for the quarter, compared to the consensus estimate of $468.78 million. On average, equities research analysts expect that ENSCO PLC will post ($0.25) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Monday, June 5th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, June 1st. This represents a $0.04 annualized dividend and a yield of 0.67%. ENSCO PLC’s payout ratio is 1.69%.
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ESV has been the topic of several analyst reports. Evercore ISI increased their target price on shares of ENSCO PLC from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, March 3rd. Credit Suisse Group set a $15.00 target price on shares of ENSCO PLC and gave the stock a “buy” rating in a report on Tuesday, February 28th. Jefferies Group LLC cut their target price on shares of ENSCO PLC from $12.00 to $11.50 and set a “hold” rating on the stock in a report on Wednesday, March 1st. Barclays PLC reiterated a “sell” rating and issued a $8.00 target price on shares of ENSCO PLC in a report on Thursday, April 27th. Finally, Scotiabank set a $13.00 target price on shares of ENSCO PLC and gave the stock a “buy” rating in a report on Wednesday, March 22nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $10.82.
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. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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