Nationwide Fund Advisors grew its stake in Ensco Plc (NYSE:ESV) by 35.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 739,902 shares of the offshore drilling services provider’s stock after purchasing an additional 192,371 shares during the period. Nationwide Fund Advisors owned approximately 0.24% of Ensco Plc worth $3,818,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in ESV. BlackRock Inc. increased its holdings in shares of Ensco Plc by 10,624.9% in the first quarter. BlackRock Inc. now owns 26,164,554 shares of the offshore drilling services provider’s stock valued at $234,173,000 after purchasing an additional 25,920,593 shares during the period. FMR LLC increased its holdings in shares of Ensco Plc by 969.0% in the first quarter. FMR LLC now owns 14,705,005 shares of the offshore drilling services provider’s stock valued at $131,610,000 after purchasing an additional 13,329,369 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Ensco Plc by 657.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,206,197 shares of the offshore drilling services provider’s stock valued at $55,544,000 after purchasing an additional 5,387,049 shares during the period. Contrarius Investment Management Ltd grew its holdings in Ensco Plc by 114.5% during the second quarter. Contrarius Investment Management Ltd now owns 7,638,005 shares of the offshore drilling services provider’s stock worth $39,412,000 after acquiring an additional 4,077,861 shares during the period. Finally, P Schoenfeld Asset Management LP acquired a new position in Ensco Plc during the second quarter worth $12,797,000. 91.56% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the company. Nordea Equity Research reaffirmed a “buy” rating and set a $8.00 price objective on shares of Ensco Plc in a report on Saturday, September 30th. ValuEngine lowered Ensco Plc from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Deutsche Bank AG initiated coverage on Ensco Plc in a research report on Tuesday, October 10th. They issued a “hold” rating and a $6.00 price objective on the stock. Zacks Investment Research downgraded Ensco Plc from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Finally, BMO Capital Markets set a $5.00 price objective on Ensco Plc and gave the company a “hold” rating in a research report on Tuesday. Six research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. Ensco Plc currently has a consensus rating of “Hold” and an average target price of $9.09.
Ensco Plc (NYSE:ESV) last issued its earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $457.50 million for the quarter, compared to analyst estimates of $453.48 million. Ensco Plc had a net margin of 2.68% and a return on equity of 0.77%. The company’s quarterly revenue was down 49.7% on a year-over-year basis. During the same quarter last year, the business posted $2.04 earnings per share.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Monday, September 11th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, September 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.72%. Ensco Plc’s dividend payout ratio (DPR) is presently 23.53%.
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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.
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