Ensco Plc (ESV) Shares Sold by Murphy Capital Management Inc.

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.

Shares of ESV opened at $4.39 on Monday. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.60. Ensco Plc has a 12-month low of $3.19 and a 12-month high of $9.51. The firm has a market cap of $1.92 billion, a PE ratio of -8.44 and a beta of 2.20.

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.

TRADEMARK VIOLATION WARNING: This report was published by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.themarketsdaily.com/2019/02/11/ensco-plc-esv-shares-sold-by-murphy-capital-management-inc.html.

Ensco Profile

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.

Recommended Story: Do stock splits help investors?

Want to see what other hedge funds are holding ESV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ensco Plc (NYSE:ESV).

Institutional Ownership by Quarter for Ensco (NYSE:ESV)

Receive News & Ratings for Ensco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply