Barings LLC continued to hold its position in shares of Ensco Plc (NYSE:ESV) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 53,600 shares of the offshore drilling services provider’s stock at the end of the second quarter. Barings LLC’s holdings in Ensco Plc were worth $480,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cipher Capital LP grew its holdings in Ensco Plc by 98.4% during the 2nd quarter. Cipher Capital LP now owns 466,177 shares of the offshore drilling services provider’s stock valued at $2,405,000 after buying an additional 231,157 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Ensco Plc by 20.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 37,896 shares of the offshore drilling services provider’s stock valued at $339,000 after buying an additional 6,436 shares in the last quarter. Contrarius Investment Management Ltd grew its holdings in Ensco Plc by 114.5% during the 2nd quarter. Contrarius Investment Management Ltd now owns 7,638,005 shares of the offshore drilling services provider’s stock valued at $39,412,000 after buying an additional 4,077,861 shares in the last quarter. First Trust Advisors LP grew its holdings in Ensco Plc by 209.0% during the 2nd quarter. First Trust Advisors LP now owns 1,116,657 shares of the offshore drilling services provider’s stock valued at $5,762,000 after buying an additional 755,250 shares in the last quarter. Finally, South Dakota Investment Council grew its holdings in Ensco Plc by 19.1% during the 2nd quarter. South Dakota Investment Council now owns 487,200 shares of the offshore drilling services provider’s stock valued at $2,514,000 after buying an additional 78,100 shares in the last quarter. Institutional investors and hedge funds own 91.56% of the company’s stock.

Ensco Plc (NYSE:ESV) opened at 5.66 on Tuesday. Ensco Plc has a 12-month low of $4.10 and a 12-month high of $12.04. The stock has a market capitalization of $1.72 billion, a P/E ratio of 35.38 and a beta of 1.74. The firm’s 50-day moving average price is $5.21 and its 200 day moving average price is $6.09.

Ensco Plc (NYSE:ESV) last released its quarterly earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Ensco Plc had a return on equity of 0.77% and a net margin of 2.68%. The company had revenue of $457.50 million for the quarter, compared to analysts’ expectations of $453.48 million. During the same period in the prior year, the firm earned $2.04 earnings per share. The firm’s revenue was down 49.7% compared to the same quarter last year. On average, equities analysts anticipate that Ensco Plc will post ($0.40) EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Monday, September 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Friday, September 8th. Ensco Plc’s dividend payout ratio (DPR) is 23.53%.

Several equities research analysts have recently issued reports on ESV shares. BMO Capital Markets raised their price objective on Ensco Plc from $4.75 to $5.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. ValuEngine lowered Ensco Plc from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Deutsche Bank AG started coverage on Ensco Plc in a research note on Tuesday, October 10th. They issued a “hold” rating and a $6.00 price objective for the company. BidaskClub lowered Ensco Plc from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, Piper Jaffray Companies raised Ensco Plc from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $9.20 to $8.00 in a research note on Monday, June 19th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Ensco Plc currently has an average rating of “Hold” and a consensus price target of $9.09.

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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. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.

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Institutional Ownership by Quarter for Ensco Plc (NYSE:ESV)

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