Principal Financial Group Inc. Acquires 58,893 Shares of ENSCO PLC (ESV)
Principal Financial Group Inc. raised its holdings in shares of ENSCO PLC (NYSE:ESV) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,297,529 shares of the offshore drilling services provider’s stock after purchasing an additional 58,893 shares during the period. Principal Financial Group Inc. owned about 0.43% of ENSCO PLC worth $6,696,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in ESV. American Century Companies Inc. increased its stake in ENSCO PLC by 1.1% during the first quarter. American Century Companies Inc. now owns 80,312 shares of the offshore drilling services provider’s stock valued at $719,000 after purchasing an additional 891 shares during the last quarter. Comerica Bank increased its stake in ENSCO PLC by 4.6% during the first quarter. Comerica Bank now owns 258,275 shares of the offshore drilling services provider’s stock valued at $2,056,000 after purchasing an additional 11,241 shares during the last quarter. Swiss National Bank increased its stake in ENSCO PLC by 0.8% during the first quarter. Swiss National Bank now owns 499,438 shares of the offshore drilling services provider’s stock valued at $4,470,000 after purchasing an additional 4,100 shares during the last quarter. World Asset Management Inc increased its stake in ENSCO PLC by 0.6% during the first quarter. World Asset Management Inc now owns 25,438 shares of the offshore drilling services provider’s stock valued at $228,000 after purchasing an additional 158 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in ENSCO PLC during the first quarter valued at $1,576,000. Hedge funds and other institutional investors own 91.56% of the company’s stock.
Shares of ENSCO PLC (ESV) opened at 5.97 on Friday. The company has a 50-day moving average of $4.68 and a 200 day moving average of $6.49. The firm has a market cap of $1.81 billion, a P/E ratio of 37.31 and a beta of 1.65. ENSCO PLC has a 12-month low of $4.10 and a 12-month high of $12.04.
ENSCO PLC (NYSE:ESV) last announced its earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The company had revenue of $457.50 million for the quarter, compared to analysts’ expectations of $453.48 million. ENSCO PLC had a return on equity of 0.77% and a net margin of 2.68%. The business’s revenue for the quarter was down 49.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.04 earnings per share. Equities analysts predict that ENSCO PLC will post ($0.38) EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Monday, September 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Friday, September 8th. ENSCO PLC’s payout ratio is presently 23.53%.
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Several research firms have weighed in on ESV. Jefferies Group LLC set a $9.00 target price on shares of ENSCO PLC and gave the company a “hold” rating in a research note on Saturday, July 1st. Seaport Global Securities lowered shares of ENSCO PLC from a “neutral” rating to a “sell” rating and lowered their target price for the company from $6.50 to $4.00 in a research note on Wednesday, June 21st. Nordea Equity Research reiterated a “buy” rating and set a $8.00 target price on shares of ENSCO PLC in a research note on Saturday. BidaskClub lowered shares of ENSCO PLC from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Finally, BMO Capital Markets reissued a “hold” rating and set a $4.75 price target on shares of ENSCO PLC in a report on Tuesday, July 11th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $9.47.
ENSCO PLC Profile
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.
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