Private Advisor Group LLC acquired a new position in shares of Eni S.p.A. (NYSE:E – Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,883 shares of the oil and gas exploration company’s stock, valued at approximately $361,000.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC raised its position in shares of ENI by 5.1% in the first quarter. Vanguard Personalized Indexing Management LLC now owns 34,294 shares of the oil and gas exploration company’s stock valued at $960,000 after buying an additional 1,678 shares during the last quarter. Brandes Investment Partners LP raised its position in shares of ENI by 1,190.8% in the first quarter. Brandes Investment Partners LP now owns 656,096 shares of the oil and gas exploration company’s stock valued at $18,371,000 after buying an additional 605,268 shares during the last quarter. Spire Wealth Management raised its position in shares of ENI by 151.8% in the first quarter. Spire Wealth Management now owns 1,934 shares of the oil and gas exploration company’s stock valued at $54,000 after buying an additional 1,166 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of ENI by 1,303.9% in the first quarter. Tower Research Capital LLC TRC now owns 2,148 shares of the oil and gas exploration company’s stock valued at $60,000 after buying an additional 1,995 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its position in shares of ENI by 3.7% in the first quarter. Vestmark Advisory Solutions Inc. now owns 19,562 shares of the oil and gas exploration company’s stock valued at $548,000 after buying an additional 701 shares during the last quarter. 1.32% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. HSBC lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. StockNews.com assumed coverage on shares of ENI in a report on Thursday, August 17th. They issued a “buy” rating for the company. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, ENI currently has an average rating of “Hold” and a consensus price target of $17.40.
ENI Trading Up 1.6 %
Shares of E stock opened at $31.46 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 1.26. The firm has a market cap of $56.18 billion, a PE ratio of 5.79 and a beta of 1.05. The company has a 50-day moving average of $30.02 and a two-hundred day moving average of $29.16. Eni S.p.A. has a 1-year low of $20.38 and a 1-year high of $32.21.
ENI (NYSE:E – Get Free Report) last posted its quarterly earnings data on Friday, July 28th. The oil and gas exploration company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.15 by $0.09. ENI had a net margin of 7.73% and a return on equity of 19.54%. The business had revenue of $21.57 billion during the quarter. On average, analysts predict that Eni S.p.A. will post 5.19 EPS for the current year.
ENI Increases Dividend
The firm also recently disclosed a — dividend, which will be paid on Friday, October 6th. Stockholders of record on Tuesday, September 19th will be paid a $0.4725 dividend. This is a positive change from ENI’s previous — dividend of $0.47. The ex-dividend date is Monday, September 18th. This represents a dividend yield of 4.5%. ENI’s dividend payout ratio (DPR) is presently 27.07%.
Eni S.p.A. operates as an integrated energy company worldwide. It engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.
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