State Street Corp Reduces Position in ENSCO PLC (NYSE:ESV)

State Street Corp cut its position in shares of ENSCO PLC (NYSE:ESV) by 9.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,919,855 shares of the offshore drilling services provider’s stock after selling 1,270,701 shares during the period. State Street Corp owned about 3.93% of ENSCO PLC worth $106,679,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Tradewinds Capital Management LLC raised its stake in shares of ENSCO PLC by 0.7% in the first quarter. Tradewinds Capital Management LLC now owns 21,449 shares of the offshore drilling services provider’s stock worth $192,000 after buying an additional 149 shares during the last quarter. World Asset Management Inc raised its stake in shares of ENSCO PLC by 0.6% in the first quarter. World Asset Management Inc now owns 25,438 shares of the offshore drilling services provider’s stock worth $228,000 after buying an additional 158 shares during the last quarter. ZWJ Investment Counsel Inc. raised its stake 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 worth $104,000 after buying an additional 180 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of ENSCO PLC by 1.2% in the first quarter. LS Investment Advisors LLC now owns 20,765 shares of the offshore drilling services provider’s stock worth $186,000 after buying an additional 240 shares during the last quarter. Finally, Tyers Asset Management LLC raised its stake in shares of ENSCO PLC by 2.7% in the first quarter. Tyers Asset Management LLC now owns 13,748 shares of the offshore drilling services provider’s stock worth $123,000 after buying an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 91.48% of the company’s stock.

Shares of ENSCO PLC (NYSE:ESV) opened at 5.10 on Wednesday. The firm’s 50-day moving average price is $6.35 and its 200 day moving average price is $8.84. The firm has a market capitalization of $1.55 billion, a P/E ratio of 2.24 and a beta of 1.64. ENSCO PLC has a 12 month low of $4.75 and a 12 month high of $12.04. ENSCO PLC also saw some unusual options trading activity on Monday. Traders bought 7,997 call options on the company. This represents an increase of 363% compared to the average volume of 1,729 call options.

ENSCO PLC (NYSE:ESV) last posted its quarterly earnings data on Thursday, April 27th. The offshore drilling services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.06. The company had revenue of $471.10 million for the quarter, compared to analyst estimates of $468.78 million. ENSCO PLC had a net margin of 28.32% and a return on equity of 3.07%. Analysts anticipate that ENSCO PLC will post ($0.23) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Monday, June 5th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $0.04 dividend on an annualized basis and a yield of 0.78%. ENSCO PLC’s dividend payout ratio is presently 1.69%.

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A number of analysts recently issued reports on the company. Jefferies Group LLC set a $9.00 price target on ENSCO PLC and gave the company a “hold” rating in a report on Saturday, July 1st. Seaport Global Securities lowered ENSCO PLC from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $6.50 to $4.00 in a report on Wednesday, June 21st. BMO Capital Markets restated a “hold” rating and set a $4.75 target price on shares of ENSCO PLC in a report on Tuesday. ValuEngine lowered ENSCO PLC from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, BidaskClub lowered ENSCO PLC from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. ENSCO PLC currently has an average rating of “Hold” and a consensus price target of $9.79.

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.

Institutional Ownership by Quarter for ENSCO PLC (NYSE:ESV)

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