SG Americas Securities LLC boosted its stake in shares of Ensco Plc (NYSE:ESV) by 126.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 147,967 shares of the offshore drilling services provider’s stock after acquiring an additional 82,549 shares during the period. SG Americas Securities LLC’s holdings in Ensco were worth $1,249,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of ESV. Millennium Management LLC acquired a new position in Ensco during the second quarter worth $92,724,000. Renaissance Technologies LLC purchased a new stake in shares of Ensco during the second quarter worth $31,145,000. Ariose Capital Management Ltd purchased a new stake in shares of Ensco during the third quarter worth $29,329,000. Lansdowne Partners UK LLP purchased a new stake in shares of Ensco during the second quarter worth $21,425,000. Finally, Contrarius Investment Management Ltd grew its holdings in shares of Ensco by 22.8% during the second quarter. Contrarius Investment Management Ltd now owns 14,709,917 shares of the offshore drilling services provider’s stock worth $106,794,000 after buying an additional 2,730,330 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.
Shares of ESV opened at $5.11 on Friday. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.60. Ensco Plc has a 12-month low of $4.10 and a 12-month high of $9.51.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Monday, December 3rd will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Friday, November 30th. Ensco’s dividend payout ratio is currently -7.69%.
A number of equities research analysts have recently issued reports on the stock. UBS Group set a $12.00 target price on shares of Ensco and gave the stock a “buy” rating in a report on Wednesday, October 10th. Johnson Rice raised shares of Ensco from an “accumulate” rating to a “buy” rating and set a $12.00 target price for the company in a report on Wednesday, October 17th. Wells Fargo & Co raised shares of Ensco from a “market perform” rating to an “outperform” rating and set a $11.00 target price for the company in a report on Tuesday, October 9th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $9.00 target price on shares of Ensco in a report on Tuesday, October 9th. Finally, Cowen assumed coverage on shares of Ensco in a report on Saturday, October 13th. They set a “hold” rating and a $7.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.74.
In related news, VP Steven Joseph Brady sold 4,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,958,454.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.72% of the company’s stock.
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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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