Ensco plc (ESV) Holdings Trimmed by Comerica Bank

Comerica Bank cut its holdings in shares of Ensco plc (NYSE:ESV) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 367,103 shares of the offshore drilling services provider’s stock after selling 10,507 shares during the period. Comerica Bank owned approximately 0.08% of Ensco worth $2,221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ESV. Nisa Investment Advisors LLC lifted its holdings in Ensco by 43.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 86,300 shares of the offshore drilling services provider’s stock worth $510,000 after acquiring an additional 26,300 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Ensco by 36.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 110,300 shares of the offshore drilling services provider’s stock worth $652,000 after acquiring an additional 29,200 shares in the last quarter. Creative Planning lifted its holdings in Ensco by 70.5% during the fourth quarter. Creative Planning now owns 24,127 shares of the offshore drilling services provider’s stock worth $143,000 after acquiring an additional 9,980 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Ensco by 49.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,101,309 shares of the offshore drilling services provider’s stock worth $18,329,000 after acquiring an additional 1,032,017 shares in the last quarter. Finally, Strs Ohio lifted its holdings in Ensco by 19.3% during the fourth quarter. Strs Ohio now owns 548,600 shares of the offshore drilling services provider’s stock worth $3,242,000 after acquiring an additional 88,600 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

ESV has been the topic of several recent analyst reports. Credit Suisse Group set a $8.00 target price on Ensco and gave the stock a “buy” rating in a report on Friday, April 27th. Citigroup lowered Ensco from a “buy” rating to a “neutral” rating in a report on Monday, March 19th. Zacks Investment Research upgraded Ensco from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. ValuEngine lowered Ensco from a “hold” rating to a “sell” rating in a report on Monday, May 7th. Finally, Wells Fargo & Co reduced their target price on Ensco from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Wednesday, February 28th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $6.52.

Shares of Ensco opened at $6.87 on Thursday, Marketbeat Ratings reports. Ensco plc has a one year low of $4.10 and a one year high of $7.72. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.75 and a quick ratio of 2.75.

Ensco (NYSE:ESV) last issued its quarterly earnings results on Thursday, April 26th. The offshore drilling services provider reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.05). The firm had revenue of $417.00 million during the quarter, compared to the consensus estimate of $420.58 million. Ensco had a negative net margin of 23.37% and a negative return on equity of 3.35%. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) earnings per share. equities research analysts predict that Ensco plc will post -1.18 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Monday, June 4th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.58%. Ensco’s payout ratio is presently -7.69%.

Ensco Company 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.

Institutional Ownership by Quarter for Ensco (NYSE:ESV)

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