Ensco Plc (ESV) Shares Sold by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC lowered its position in shares of Ensco Plc (NYSE:ESV) by 9.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,004,364 shares of the offshore drilling services provider’s stock after selling 221,185 shares during the period. Cornerstone Investment Partners LLC owned about 0.66% of Ensco Plc worth $17,939,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ESV. Creative Planning increased 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 worth $385,000 after buying an additional 30,566 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Ensco Plc by 6.1% in the third quarter. Nationwide Fund Advisors now owns 542,561 shares of the offshore drilling services provider’s stock worth $4,612,000 after buying an additional 31,180 shares during the last quarter. Oakbrook Investments LLC increased its position in shares of Ensco Plc by 1.7% in the third quarter. Oakbrook Investments LLC now owns 30,700 shares of the offshore drilling services provider’s stock worth $261,000 after buying an additional 500 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Ensco Plc by 9.5% in the third quarter. California Public Employees Retirement System now owns 1,096,800 shares of the offshore drilling services provider’s stock worth $9,323,000 after buying an additional 95,500 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Ensco Plc by 17.4% in the third quarter. Wells Fargo & Company MN now owns 634,244 shares of the offshore drilling services provider’s stock worth $5,391,000 after buying an additional 93,834 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Ensco Plc (NYSE:ESV)

Ensco Plc (NYSE:ESV) opened at 8.29 on Friday. The stock has a 50 day moving average of $8.79 and a 200-day moving average of $9.47. The firm has a market cap of $2.51 billion, a PE ratio of 2.65 and a beta of 1.74. Ensco Plc has a 52 week low of $6.49 and a 52 week high of $12.36.

Ensco Plc (NYSE:ESV) last issued its earnings results on Monday, February 27th. The offshore drilling services provider reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.04. The firm earned $505 million during the quarter, compared to the consensus estimate of $505.61 million. Ensco Plc had a positive return on equity of 8.58% and a negative net margin of 52.28%. The business’s quarterly revenue was down 39.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($10.64) earnings per share. Analysts expect that Ensco Plc will post ($0.20) earnings per share for the current year.

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ESV has been the topic of a number of research analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $9.50 price objective on shares of Ensco Plc in a research report on Friday, December 23rd. Bank of America Corp raised shares of Ensco Plc from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $8.00 to $14.00 in a research report on Monday, January 9th. Citigroup Inc raised shares of Ensco Plc from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $15.00 in a research report on Wednesday, January 11th. BMO Capital Markets set a $9.00 price objective on shares of Ensco Plc and gave the company a “hold” rating in a research report on Thursday, January 12th. Finally, Capital One Financial Corp. raised shares of Ensco Plc from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 17th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. Ensco Plc has an average rating of “Hold” and a consensus price target of $11.37.

Ensco Plc Company 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.

5 Day Chart for NYSE:ESV

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