Marshall Wace LLP lessened its stake in Ensco Plc (NYSE:ESV) by 19.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,986,855 shares of the offshore drilling services provider’s stock after selling 714,702 shares during the quarter. Marshall Wace LLP owned approximately 0.68% of Ensco worth $25,209,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Energy Opportunities Capital Management LLC raised its holdings in Ensco by 166.0% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 585,785 shares of the offshore drilling services provider’s stock valued at $4,253,000 after acquiring an additional 365,590 shares during the period. Millennium Management LLC bought a new stake in Ensco during the 2nd quarter valued at $92,724,000. Scout Investments Inc. bought a new stake in Ensco during the 3rd quarter valued at $17,860,000. GeoSphere Capital Management LLC bought a new stake in Ensco during the 2nd quarter valued at $414,000. Finally, GWM Advisors LLC bought a new stake in Ensco during the 3rd quarter valued at $187,000. 96.71% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on ESV. Piper Jaffray Companies reissued a “hold” rating and set a $8.00 target price on shares of Ensco in a report on Monday, October 1st. Societe Generale set a $12.00 target price on shares of Ensco and gave the company a “buy” rating in a report on Thursday, November 1st. Susquehanna Bancshares set a $8.00 target price on shares of Ensco and gave the company a “hold” rating in a report on Wednesday, October 31st. Cowen reissued a “hold” rating and set a $5.00 target price on shares of Ensco in a report on Monday, December 3rd. Finally, UBS Group set a $12.00 target price on shares of Ensco and gave the company a “buy” rating in a report on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $8.74.
In other news, VP Steven Joseph Brady sold 4,500 shares of the company’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $6.22, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.72% of the company’s stock.
Ensco stock opened at $5.11 on Friday. Ensco Plc has a fifty-two week low of $4.10 and a fifty-two week high of $9.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.58 and a current ratio of 2.58.
Ensco (NYSE:ESV) last released its quarterly earnings results on Monday, October 29th. The offshore drilling services provider reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.02. The firm had revenue of $431.00 million for the quarter, compared to analysts’ expectations of $424.66 million. Ensco had a negative net margin of 36.53% and a negative return on equity of 5.98%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. As a group, equities analysts anticipate that Ensco Plc will post -1.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Monday, December 3rd will be issued a $0.01 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.78%. Ensco’s payout ratio is currently -7.69%.
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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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