Robeco Institutional Asset Management B.V. lowered its stake in shares of Ensco PLC (NYSE:ESV) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 507,549 shares of the offshore drilling services provider’s stock after selling 10,724 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Ensco PLC were worth $4,930,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ESV. Creative Planning raised its stake in Ensco PLC by 4.0% in the second quarter. Creative Planning now owns 14,783 shares of the offshore drilling services provider’s stock valued at $144,000 after buying an additional 572 shares in the last quarter. CWM LLC increased its stake in shares of Ensco PLC by 1.6% in the second quarter. CWM LLC now owns 72,520 shares of the offshore drilling services provider’s stock valued at $704,000 after buying an additional 1,147 shares during the period. Check Capital Management Inc. CA increased its stake in shares of Ensco PLC by 13.6% in the first quarter. Check Capital Management Inc. CA now owns 25,935 shares of the offshore drilling services provider’s stock valued at $269,000 after buying an additional 3,100 shares during the period. Breton Hill Capital Ltd. increased its stake in shares of Ensco PLC by 3.8% in the second quarter. Breton Hill Capital Ltd. now owns 87,171 shares of the offshore drilling services provider’s stock valued at $846,000 after buying an additional 3,158 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Ensco PLC by 38.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,396 shares of the offshore drilling services provider’s stock valued at $149,000 after buying an additional 4,001 shares during the period. 85.81% of the stock is owned by institutional investors and hedge funds.

Shares of Ensco PLC (NYSE:ESV) traded down 1.72% during midday trading on Friday, hitting $6.87. 14,007,306 shares of the company were exchanged. The company has a 50-day moving average of $8.26 and a 200 day moving average of $9.86. The company’s market capitalization is $2.07 billion. Ensco PLC has a one year low of $6.67 and a one year high of $18.93.

Ensco PLC (NYSE:ESV) last issued its earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $1.51. The business had revenue of $910 million for the quarter, compared to the consensus estimate of $746.55 million. Ensco PLC had a negative net margin of 39.67% and a positive return on equity of 10.06%. The firm’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 earnings per share. On average, equities research analysts expect that Ensco PLC will post $1.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.58%. Ensco PLC’s payout ratio is -0.60%.

Several equities research analysts recently commented on ESV shares. Howard Weil restated a “sector outperform” rating on shares of Ensco PLC in a research report on Thursday. Citigroup Inc. upped their price target on shares of Ensco PLC from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, August 25th. DNB Markets downgraded shares of Ensco PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Bank of America Corp. started coverage on shares of Ensco PLC in a research report on Sunday, June 19th. They issued an “underperform” rating and a $10.53 price target for the company. Finally, Scotiabank restated a “sector outperform” rating and issued a $10.00 price target on shares of Ensco PLC in a research report on Wednesday. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.92.

Ensco PLC Company Profile

Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company’s segments include Floaters, Jackups and Other. Its Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling.

5 Day Chart for NYSE:ESV

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