California Public Employees Retirement System boosted its holdings in Ensco Plc (NYSE:ESV) by 94.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,422,678 shares of the offshore drilling services provider’s stock after acquiring an additional 1,174,739 shares during the quarter. California Public Employees Retirement System’s holdings in Ensco were worth $14,318,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Private Advisor Group LLC bought a new stake in Ensco in the third quarter worth about $100,000. Raymond James Financial Services Advisors Inc. bought a new stake in Ensco in the second quarter worth about $116,000. Harvest Management LLC bought a new stake in Ensco in the third quarter worth about $119,000. Crossmark Global Holdings Inc. bought a new stake in Ensco in the third quarter worth about $121,000. Finally, Fox Run Management L.L.C. bought a new stake in Ensco in the third quarter worth about $127,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.
Ensco Plc (NYSE:ESV) opened at $5.24 on Friday. The firm has a market capitalization of $2,280.00, a PE ratio of -22.78 and a beta of 1.74. Ensco Plc has a 12 month low of $4.10 and a 12 month high of $10.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.04 and a quick ratio of 5.04.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.04 annualized dividend and a yield of 0.76%. Ensco’s dividend payout ratio (DPR) is presently -17.39%.
Several equities research analysts have commented on ESV shares. Jefferies Group set a $6.00 price target on shares of Ensco and gave the stock a “hold” rating in a research report on Sunday, October 29th. Zacks Investment Research cut shares of Ensco from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. B. Riley reiterated a “neutral” rating on shares of Ensco in a research report on Wednesday, November 1st. ValuEngine upgraded shares of Ensco from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Piper Jaffray Companies cut shares of Ensco from an “overweight” rating to a “neutral” rating and set a $6.00 price target on the stock. in a research report on Thursday, January 11th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $7.52.
ILLEGAL ACTIVITY WARNING: This report was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://transcriptdaily.com/2018/02/25/california-public-employees-retirement-system-raises-holdings-in-ensco-plc-esv.html.
Ensco Company 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.
Want to see what other hedge funds are holding ESV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ensco Plc (NYSE:ESV).
Receive News & Ratings for Ensco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensco and related companies with MarketBeat.com's FREE daily email newsletter.