Virginia Retirement Systems ET AL Has $722,000 Holdings in Ensco Plc (ESV)

Virginia Retirement Systems ET AL reduced its position in shares of Ensco Plc (NYSE:ESV) by 21.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,891 shares of the offshore drilling services provider’s stock after selling 33,828 shares during the period. Virginia Retirement Systems ET AL’s holdings in Ensco were worth $722,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ESV. Louisiana State Employees Retirement System boosted its stake in shares of Ensco by 3.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 79,200 shares of the offshore drilling services provider’s stock worth $409,000 after purchasing an additional 2,700 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Ensco by 17.8% during the 2nd quarter. Aperio Group LLC now owns 207,493 shares of the offshore drilling services provider’s stock worth $1,071,000 after purchasing an additional 31,378 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Ensco by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 221,659 shares of the offshore drilling services provider’s stock worth $1,144,000 after purchasing an additional 2,250 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Ensco by 43.2% during the 2nd quarter. Sei Investments Co. now owns 121,246 shares of the offshore drilling services provider’s stock worth $625,000 after purchasing an additional 36,589 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Ensco by 25.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,454,510 shares of the offshore drilling services provider’s stock worth $7,505,000 after purchasing an additional 297,100 shares during the last quarter. 76.88% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on ESV shares. ValuEngine raised shares of Ensco from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. UBS raised shares of Ensco from a “neutral” rating to a “buy” rating and raised their price target for the stock from $6.00 to $8.00 in a research note on Monday, September 25th. Nordea Equity Research reaffirmed a “buy” rating and set a $8.00 price target on shares of Ensco in a research note on Saturday, September 30th. Deutsche Bank initiated coverage on shares of Ensco in a research note on Tuesday, October 10th. They set a “hold” rating and a $6.00 price target on the stock. Finally, Zacks Investment Research cut shares of Ensco from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $8.24.

Shares of Ensco Plc (NYSE:ESV) opened at $5.62 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.04 and a current ratio of 5.04. Ensco Plc has a 12-month low of $4.10 and a 12-month high of $12.04.

Ensco (NYSE:ESV) last released its earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.11. The business had revenue of $460.00 million for the quarter, compared to analysts’ expectations of $457.79 million. Ensco had a negative net margin of 3.04% and a negative return on equity of 0.37%. The company’s quarterly revenue was down 16.1% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. equities research analysts expect that Ensco Plc will post -0.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, December 1st. This represents a $0.04 dividend on an annualized basis and a yield of 0.71%. Ensco’s dividend payout ratio (DPR) is -21.05%.

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About Ensco

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.

Institutional Ownership by Quarter for Ensco (NYSE:ESV)

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