Renaissance Technologies LLC purchased a new position in Ensco Plc (NYSE:ESV) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,289,954 shares of the offshore drilling services provider’s stock, valued at approximately $31,145,000. Renaissance Technologies LLC owned approximately 0.98% of Ensco at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Whittier Trust Co. of Nevada Inc. raised its position in Ensco by 254.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 11,322 shares of the offshore drilling services provider’s stock worth $629,000 after acquiring an additional 8,128 shares in the last quarter. Arizona State Retirement System raised its position in Ensco by 2.9% in the second quarter. Arizona State Retirement System now owns 303,474 shares of the offshore drilling services provider’s stock worth $2,203,000 after acquiring an additional 8,482 shares in the last quarter. FIL Ltd raised its position in Ensco by 10.8% in the first quarter. FIL Ltd now owns 89,567 shares of the offshore drilling services provider’s stock worth $393,000 after acquiring an additional 8,752 shares in the last quarter. Check Capital Management Inc. CA raised its position in Ensco by 39.5% in the second quarter. Check Capital Management Inc. CA now owns 31,525 shares of the offshore drilling services provider’s stock worth $229,000 after acquiring an additional 8,930 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in Ensco by 78.5% in the first quarter. Private Advisor Group LLC now owns 23,717 shares of the offshore drilling services provider’s stock worth $103,000 after acquiring an additional 10,430 shares in the last quarter. Hedge funds and other institutional investors own 97.59% of the company’s stock.

Shares of ESV opened at $7.40 on Wednesday. The stock has a market capitalization of $3.28 billion, a P/E ratio of -14.23 and a beta of 1.89. Ensco Plc has a 1-year low of $4.10 and a 1-year high of $8.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.66 and a current ratio of 2.66.

Ensco (NYSE:ESV) last issued its quarterly earnings results on Wednesday, July 25th. The offshore drilling services provider reported ($0.30) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.03. The firm had revenue of $458.50 million for the quarter, compared to analysts’ expectations of $449.69 million. Ensco had a negative return on equity of 4.51% and a negative net margin of 29.25%. Ensco’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted ($0.10) EPS. equities analysts forecast that Ensco Plc will post -1.34 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Monday, September 10th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, September 7th. This represents a $0.04 annualized dividend and a yield of 0.54%. Ensco’s dividend payout ratio (DPR) is presently -7.69%.

ESV has been the topic of several research reports. ValuEngine upgraded shares of Ensco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 4th. DNB Markets cut shares of Ensco from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. BTIG Research began coverage on shares of Ensco in a research report on Monday. They issued a “buy” rating and a $10.00 price target on the stock. HSBC cut Ensco from a “buy” rating to a “hold” rating and lifted their price target for the stock from $6.49 to $7.00 in a research note on Thursday, June 7th. Finally, Tudor Pickering raised Ensco from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.86.

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.

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Institutional Ownership by Quarter for Ensco (NYSE:ESV)

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