D.A. Davidson & CO. raised its stake in shares of Ensco Plc (NYSE:ESV) by 42.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,050 shares of the offshore drilling services provider’s stock after buying an additional 15,100 shares during the quarter. D.A. Davidson & CO.’s holdings in Ensco were worth $182,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Willis Investment Counsel raised its stake in Ensco by 1.6% during the third quarter. Willis Investment Counsel now owns 1,190,620 shares of the offshore drilling services provider’s stock valued at $10,049,000 after buying an additional 19,235 shares during the last quarter. Capital International Investors raised its stake in Ensco by 4.4% during the third quarter. Capital International Investors now owns 20,147,782 shares of the offshore drilling services provider’s stock valued at $170,047,000 after buying an additional 846,997 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Ensco by 459.5% during the third quarter. Tower Research Capital LLC TRC now owns 56,366 shares of the offshore drilling services provider’s stock valued at $476,000 after buying an additional 46,292 shares during the last quarter. Capital Guardian Trust Co. raised its stake in Ensco by 6.7% during the third quarter. Capital Guardian Trust Co. now owns 14,829,552 shares of the offshore drilling services provider’s stock valued at $125,161,000 after buying an additional 935,572 shares during the last quarter. Finally, Scout Investments Inc. purchased a new position in Ensco during the third quarter valued at $17,860,000. Institutional investors and hedge funds own 96.66% of the company’s stock.

ESV stock opened at $4.48 on Thursday. Ensco Plc has a 1-year low of $3.19 and a 1-year 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. The firm has a market capitalization of $1.95 billion, a PE ratio of -8.62 and a beta of 2.20.

ESV has been the subject of a number of recent research reports. Johnson Rice upgraded Ensco from an “accumulate” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, October 17th. Jefferies Financial Group reiterated a “hold” rating and set a $9.00 price objective on shares of Ensco in a research note on Sunday, October 21st. DNB Markets upgraded Ensco from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Societe Generale set a $12.00 price objective on Ensco and gave the company a “buy” rating in a research note on Thursday, November 1st. Finally, Susquehanna Bancshares set a $8.00 price objective on Ensco and gave the company a “hold” rating in a research note on Wednesday, October 31st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.50.

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Ensco 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.

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Institutional Ownership by Quarter for Ensco (NYSE:ESV)

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