ENSCO PLC (ESV) Shares Sold by Montgomery Investment Management Inc.
Montgomery Investment Management Inc. lowered its position in ENSCO PLC (NYSE:ESV) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,197 shares of the offshore drilling services provider’s stock after selling 5,600 shares during the period. Montgomery Investment Management Inc.’s holdings in ENSCO PLC were worth $295,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its stake in 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 worth $234,173,000 after buying an additional 25,920,593 shares in the last quarter. FMR LLC increased its stake in 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 worth $131,610,000 after buying an additional 13,329,369 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in 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 worth $55,544,000 after buying an additional 5,387,049 shares in the last quarter. RidgeWorth Capital Management LLC bought a new stake in ENSCO PLC during the first quarter worth about $24,001,000. Finally, MARSHALL WACE ASIA Ltd bought a new stake in ENSCO PLC during the first quarter worth about $22,072,000. 89.52% of the stock is owned by institutional investors.
ENSCO PLC (ESV) opened at 4.83 on Wednesday. The stock has a market cap of $1.47 billion, a PE ratio of 30.19 and a beta of 1.64. The company’s 50 day moving average is $5.31 and its 200 day moving average is $7.90. ENSCO PLC has a 12 month low of $4.71 and a 12 month high of $12.04.
ENSCO PLC (NYSE:ESV) last issued its quarterly earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The company 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 business’s revenue for the quarter was down 49.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.04 earnings per share. On average, analysts anticipate that ENSCO PLC will post ($0.37) EPS for the current fiscal year.
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A number of brokerages recently commented on ESV. Barclays PLC reiterated a “sell” rating and issued a $8.00 target price on shares of ENSCO PLC in a research report on Thursday, April 27th. Piper Jaffray Companies upgraded shares of ENSCO PLC from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $9.20 to $8.00 in a research report on Monday, June 19th. BidaskClub upgraded shares of ENSCO PLC from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Jefferies Group LLC set a $9.00 target price on shares of ENSCO PLC and gave the stock a “hold” rating in a research report on Wednesday, May 24th. Finally, Bank of America Corporation cut shares of ENSCO PLC from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $7.00 to $5.00 in a research report on Friday, June 30th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. ENSCO PLC presently has an average rating of “Hold” and an average target price of $9.64.
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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