Dorsey & Whitney Trust CO LLC acquired a new position in Ensco Plc (NYSE:ESV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 25,066 shares of the offshore drilling services provider’s stock, valued at approximately $89,000.

Other hedge funds also recently bought and sold shares of the company. Leavell Investment Management Inc. bought a new position in Ensco in the 4th quarter worth approximately $39,000. Timber Hill LLC bought a new position in Ensco in the 3rd quarter worth approximately $106,000. Wetherby Asset Management Inc. bought a new position in Ensco in the 3rd quarter worth approximately $107,000. Deprince Race & Zollo Inc. bought a new position in Ensco in the 3rd quarter worth approximately $127,000. Finally, Essex Investment Management Co. LLC bought a new position in Ensco in the 3rd quarter worth approximately $129,000. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Shares of Ensco stock opened at $4.59 on Tuesday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -8.83 and a beta of 2.07. Ensco Plc has a 52 week low of $3.19 and a 52 week high of $9.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.58 and a quick ratio of 2.58.

Ensco (NYSE:ESV) last issued its earnings results on Monday, October 29th. The offshore drilling services provider reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.02. The company had revenue of $431.00 million during 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 revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) EPS. As a group, sell-side analysts forecast that Ensco Plc will post -1.33 EPS for the current year.

In related 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 completion of the sale, the vice president now owns 314,864 shares in the company, valued at approximately $1,958,454.08. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.72% of the stock is owned by corporate insiders.

Several research firms recently weighed in on ESV. DNB Markets upgraded shares of Ensco from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. JPMorgan Chase & Co. upgraded shares of Ensco from an “underweight” rating to a “neutral” rating and set a $8.00 target price for the company in a research report on Friday, October 12th. Wells Fargo & Co reiterated a “buy” rating on shares of Ensco in a research report on Tuesday, December 11th. BTIG Research dropped their target price on shares of Ensco from $18.00 to $14.00 and set an “average” rating for the company in a research report on Thursday, December 20th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $6.00 target price on shares of Ensco in a research report on Monday, January 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Ensco currently has a consensus rating of “Hold” and a consensus target price of $7.50.

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About Ensco

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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