ENSCO PLC (ESV) Stake Raised by Commonwealth Bank of Australia
Commonwealth Bank of Australia increased its holdings in ENSCO PLC (NYSE:ESV) by 59.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 224,490 shares of the offshore drilling services provider’s stock after purchasing an additional 83,700 shares during the period. Commonwealth Bank of Australia owned 0.07% of ENSCO PLC worth $1,158,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. ZWJ Investment Counsel Inc. grew its position in shares of ENSCO PLC by 1.6% in the first quarter. ZWJ Investment Counsel Inc. now owns 11,635 shares of the offshore drilling services provider’s stock valued at $104,000 after purchasing an additional 180 shares during the period. HRT Financial LLC purchased a new stake in shares of ENSCO PLC in the first quarter valued at $126,000. Hellman Jordan Management Co. Inc. MA purchased a new stake in shares of ENSCO PLC in the second quarter valued at $126,000. LS Investment Advisors LLC grew its position in shares of ENSCO PLC by 19.5% in the second quarter. LS Investment Advisors LLC now owns 24,804 shares of the offshore drilling services provider’s stock valued at $128,000 after purchasing an additional 4,039 shares during the period. Finally, Teacher Retirement System of Texas grew its position in shares of ENSCO PLC by 3.9% in the second quarter. Teacher Retirement System of Texas now owns 25,029 shares of the offshore drilling services provider’s stock valued at $129,000 after purchasing an additional 937 shares during the period. 91.56% of the stock is owned by institutional investors and hedge funds.
ESV has been the subject of a number of research reports. Piper Jaffray Companies raised ENSCO PLC from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $9.20 to $8.00 in a research report on Monday, June 19th. BidaskClub raised ENSCO PLC from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Jefferies Group LLC set a $9.00 price target on ENSCO PLC and gave the company a “hold” rating in a research report on Wednesday, May 24th. Bank of America Corporation downgraded ENSCO PLC from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $7.00 to $5.00 in a research report on Friday, June 30th. Finally, ValuEngine raised ENSCO PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $9.83.
ENSCO PLC (NYSE ESV) opened at 5.18 on Friday. ENSCO PLC has a 52 week low of $4.10 and a 52 week high of $12.04. The firm’s 50 day moving average price is $4.68 and its 200-day moving average price is $6.60. The firm has a market cap of $1.57 billion, a PE ratio of 32.38 and a beta of 1.65.
ENSCO PLC (NYSE:ESV) last posted its earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $457.50 million for the quarter, compared to the consensus estimate of $453.48 million. ENSCO PLC had a net margin of 2.68% and a return on equity of 0.77%. The business’s quarterly revenue was down 49.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.04 earnings per share. On average, analysts forecast that ENSCO PLC will post ($0.38) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Monday, September 11th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, September 8th. ENSCO PLC’s payout ratio is 23.53%.
ENSCO PLC 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.
Want to see what other hedge funds are holding ESV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ENSCO PLC (NYSE:ESV).
Receive News & Stock Ratings for ENSCO PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ENSCO PLC and related stocks with our FREE daily email newsletter.