Achmea Investment Management B.V. Invests $2.92 Million in Ensco Plc (ESV)

Achmea Investment Management B.V. bought a new position in shares of Ensco Plc (NYSE:ESV) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 326,457 shares of the offshore drilling services provider’s stock, valued at approximately $2,922,000. Achmea Investment Management B.V. owned about 0.11% of Ensco Plc at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Tradewinds Capital Management LLC boosted its stake in shares of Ensco Plc by 0.7% in the first quarter. Tradewinds Capital Management LLC now owns 21,449 shares of the offshore drilling services provider’s stock worth $192,000 after buying an additional 149 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Ensco Plc by 0.6% in the first quarter. World Asset Management Inc now owns 25,438 shares of the offshore drilling services provider’s stock worth $228,000 after buying an additional 158 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its stake in shares of Ensco Plc by 1.6% in the first quarter. ZWJ Investment Counsel Inc. now owns 11,635 shares of the offshore drilling services provider’s stock worth $104,000 after buying an additional 180 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Ensco Plc by 1.2% in the first quarter. LS Investment Advisors LLC now owns 20,765 shares of the offshore drilling services provider’s stock worth $186,000 after buying an additional 240 shares during the last quarter. Finally, Tyers Asset Management LLC boosted its stake in shares of Ensco Plc by 2.7% in the first quarter. Tyers Asset Management LLC now owns 13,748 shares of the offshore drilling services provider’s stock worth $123,000 after buying an additional 364 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Ensco Plc (NYSE:ESV)

Ensco Plc (NYSE ESV) traded up 5.30% on Friday, hitting $5.36. The stock had a trading volume of 51,732,764 shares. The company has a 50-day moving average price of $6.83 and a 200-day moving average price of $9.08. Ensco Plc has a 1-year low of $5.05 and a 1-year high of $12.04. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 2.35 and a beta of 1.64.

Ensco Plc (NYSE:ESV) last announced its quarterly earnings data on Thursday, April 27th. The offshore drilling services provider reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. The company had revenue of $471.10 million for the quarter, compared to analysts’ expectations of $468.78 million. Ensco Plc had a return on equity of 3.07% and a net margin of 28.32%. Equities analysts predict that Ensco Plc will post ($0.23) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Monday, June 5th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, June 1st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.75%. Ensco Plc’s dividend payout ratio is 1.69%.

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Several equities research analysts recently weighed in on the stock. Seaport Global Securities cut shares of Ensco Plc from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $6.50 to $4.00 in a research report on Wednesday. BidaskClub cut shares of Ensco Plc from a “sell” rating to a “strong sell” rating in a research report on Thursday. Jefferies Group LLC reaffirmed a “hold” rating and set a $11.00 price objective (down previously from $11.50) on shares of Ensco Plc in a research report on Tuesday, April 11th. Clarkson Capital raised Ensco Plc from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Tuesday, May 30th. Finally, Piper Jaffray Companies raised Ensco Plc from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $9.20 to $8.00 in a research note on Monday. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. Ensco Plc presently has a consensus rating of “Hold” and an average target price of $10.53.

About Ensco Plc

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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