ENSCO PLC (ESV) Stake Increased by Nationwide Fund Advisors
Nationwide Fund Advisors grew its holdings in ENSCO PLC (NYSE:ESV) by 35.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 739,902 shares of the offshore drilling services provider’s stock after buying an additional 192,371 shares during the quarter. Nationwide Fund Advisors owned 0.24% of ENSCO PLC worth $3,818,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of ESV. Sei Investments Co. increased its position in shares of ENSCO PLC by 563.2% in the first quarter. Sei Investments Co. now owns 84,657 shares of the offshore drilling services provider’s stock valued at $757,000 after buying an additional 71,893 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of ENSCO PLC by 24.6% in the first quarter. Ameriprise Financial Inc. now owns 1,046,542 shares of the offshore drilling services provider’s stock valued at $9,367,000 after buying an additional 206,424 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of ENSCO PLC by 20.5% in the first quarter. Envestnet Asset Management Inc. now owns 37,896 shares of the offshore drilling services provider’s stock valued at $339,000 after buying an additional 6,436 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of ENSCO PLC in the first quarter valued at approximately $393,000. Finally, Neuberger Berman Group LLC increased its position in shares of ENSCO PLC by 2.3% in the first quarter. Neuberger Berman Group LLC now owns 19,304 shares of the offshore drilling services provider’s stock valued at $173,000 after buying an additional 436 shares in the last quarter. Institutional investors and hedge funds own 91.56% of the company’s stock.
A number of research firms have recently commented on ESV. Jefferies Group LLC set a $9.00 price objective on ENSCO PLC and gave the company a “hold” rating in a research report on Saturday, July 1st. Seaport Global Securities cut ENSCO PLC from a “neutral” rating to a “sell” rating and cut their price objective for the company from $6.50 to $4.00 in a research report on Wednesday, June 21st. BidaskClub cut ENSCO PLC from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. BMO Capital Markets restated a “hold” rating and issued a $4.75 price objective on shares of ENSCO PLC in a research report on Tuesday, July 11th. Finally, ValuEngine upgraded ENSCO PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. ENSCO PLC presently has an average rating of “Hold” and an average price target of $9.47.
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Shares of ENSCO PLC (NYSE:ESV) opened at 5.68 on Monday. ENSCO PLC has a 52 week low of $4.10 and a 52 week high of $12.04. The stock has a 50 day moving average price of $5.02 and a 200-day moving average price of $6.24. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 35.50 and a beta of 1.74.
ENSCO PLC (NYSE:ESV) last released its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. ENSCO PLC had a return on equity of 0.77% and a net margin of 2.68%. The firm had revenue of $457.50 million during the quarter, compared to the consensus estimate of $453.48 million. During the same period last year, the business posted $2.04 EPS. ENSCO PLC’s quarterly revenue was down 49.7% on a year-over-year basis. On average, analysts anticipate that ENSCO PLC will post ($0.38) EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Monday, September 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, September 8th. ENSCO PLC’s payout ratio is currently 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.
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