Sippican Capital Advisors boosted its position in shares of Ensco PLC (NYSE:ESV) by 39.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,314 shares of the offshore drilling services provider’s stock after buying an additional 39,615 shares during the period. Ensco PLC accounts for approximately 1.6% of Sippican Capital Advisors’ portfolio, making the stock its 21st largest position. Sippican Capital Advisors’ holdings in Ensco PLC were worth $1,353,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ESV. Creative Planning raised its stake in shares of Ensco PLC by 4.0% in the second quarter. Creative Planning now owns 14,783 shares of the offshore drilling services provider’s stock worth $144,000 after buying an additional 572 shares during the period. CWM LLC raised its stake in shares of Ensco PLC by 1.6% in the second quarter. CWM LLC now owns 72,520 shares of the offshore drilling services provider’s stock worth $704,000 after buying an additional 1,147 shares during the period. Check Capital Management Inc. CA raised its stake in shares of Ensco PLC by 13.6% in the first quarter. Check Capital Management Inc. CA now owns 25,935 shares of the offshore drilling services provider’s stock worth $269,000 after buying an additional 3,100 shares during the period. Breton Hill Capital Ltd. raised its stake in shares of Ensco PLC by 3.8% in the second quarter. Breton Hill Capital Ltd. now owns 87,171 shares of the offshore drilling services provider’s stock worth $846,000 after buying an additional 3,158 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Ensco PLC by 38.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,396 shares of the offshore drilling services provider’s stock worth $149,000 after buying an additional 4,001 shares during the period. Institutional investors own 85.81% of the company’s stock.

Ensco PLC (NYSE:ESV) traded up 5.36% during mid-day trading on Thursday, reaching $7.47. The company’s stock had a trading volume of 13,018,403 shares. The company’s market cap is $2.25 billion. Ensco PLC has a 12 month low of $6.50 and a 12 month high of $18.93. The stock’s 50 day moving average is $7.90 and its 200 day moving average is $9.71.

Ensco PLC (NYSE:ESV) last announced its earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 EPS for the quarter, topping the consensus estimate of $0.53 by $1.51. The company had revenue of $910 million for the quarter, compared to analysts’ expectations of $746.55 million. Ensco PLC had a positive return on equity of 10.06% and a negative net margin of 39.67%. The business’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. Equities research analysts predict that Ensco PLC will post $1.53 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.54%. The ex-dividend date was Wednesday, August 31st. Ensco PLC’s dividend payout ratio is -0.60%.

A number of analysts recently issued reports on ESV shares. Johnson Rice upgraded shares of Ensco PLC from a “hold” rating to an “accumulate” rating in a research note on Monday, June 13th. Evercore ISI restated a “buy” rating on shares of Ensco PLC in a research note on Wednesday, June 29th. Zephirin Group upgraded shares of Ensco PLC from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Monday. Goldman Sachs Group Inc. upgraded shares of Ensco PLC from a “neutral” rating to a “buy” rating and set a $10.50 price target for the company in a research note on Wednesday. Finally, Jefferies Group restated a “hold” rating on shares of Ensco PLC in a research note on Sunday, July 10th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Ensco PLC has an average rating of “Hold” and a consensus target price of $11.98.

About Ensco PLC

Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company’s segments include Floaters, Jackups and Other. Its Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling.

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