Murphy Capital Management Inc. cut its holdings in shares of Ensco Plc (NYSE:ESV) by 33.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,250 shares of the offshore drilling services provider’s stock after selling 7,200 shares during the quarter. Murphy Capital Management Inc.’s holdings in Ensco were worth $50,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of ESV. Quantamental Technologies LLC bought a new stake in shares of Ensco during the fourth quarter valued at approximately $36,000. Leavell Investment Management Inc. bought a new stake in Ensco in the fourth quarter valued at $39,000. Fruth Investment Management bought a new stake in Ensco in the fourth quarter valued at $59,000. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in shares of Ensco by 59.6% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 17,401 shares of the offshore drilling services provider’s stock worth $62,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Sigma Planning Corp grew its holdings in shares of Ensco by 14.3% during the fourth quarter. Sigma Planning Corp now owns 23,265 shares of the offshore drilling services provider’s stock worth $83,000 after purchasing an additional 2,910 shares during the last quarter. Institutional investors own 96.66% of the company’s stock.
In other news, VP Steven Joseph Brady sold 4,500 shares of the company’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $6.22, for a total transaction of $27,990.00. Following the transaction, the vice president now owns 314,864 shares of the company’s stock, valued at $1,958,454.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.
Several brokerages have recently commented on ESV. ValuEngine cut Ensco from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 15th. Societe Generale set a $12.00 target price on Ensco and gave the stock a “buy” rating in a report on Thursday, November 1st. Susquehanna Bancshares set a $8.00 target price on Ensco and gave the stock a “hold” rating in a report on Wednesday, October 31st. DNB Markets upgraded Ensco from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Finally, Jefferies Financial Group restated a “hold” rating and set a $9.00 target price on shares of Ensco in a report on Sunday, October 21st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $7.50.
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Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.
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