Sapient Capital LLC Buys Shares of 6,484 Eni S.p.A. (NYSE:E)

Sapient Capital LLC purchased a new stake in shares of Eni S.p.A. (NYSE:E) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,484 shares of the oil and gas exploration company’s stock, valued at approximately $221,000.

A number of other institutional investors also recently modified their holdings of E. Bank of New York Mellon Corp lifted its stake in shares of ENI by 10.3% during the 1st quarter. Bank of New York Mellon Corp now owns 29,861 shares of the oil and gas exploration company’s stock valued at $873,000 after buying an additional 2,796 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of ENI by 38.9% during the 1st quarter. American Century Companies Inc. now owns 89,779 shares of the oil and gas exploration company’s stock valued at $2,626,000 after buying an additional 25,157 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of ENI by 11.1% during the 1st quarter. HighTower Advisors LLC now owns 9,327 shares of the oil and gas exploration company’s stock valued at $272,000 after buying an additional 930 shares in the last quarter. Citigroup Inc. lifted its stake in ENI by 199.8% in the 1st quarter. Citigroup Inc. now owns 30,199 shares of the oil and gas exploration company’s stock worth $883,000 after purchasing an additional 20,127 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in ENI by 1.0% in the 1st quarter. BlackRock Inc. now owns 590,847 shares of the oil and gas exploration company’s stock worth $17,282,000 after purchasing an additional 5,621 shares in the last quarter. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on E. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a report on Friday. Berenberg Bank lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th.

ENI Price Performance

E stock opened at $32.85 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.12 and a current ratio of 1.30. Eni S.p.A. has a 52 week low of $26.50 and a 52 week high of $34.30. The firm’s fifty day moving average is $31.66 and its 200 day moving average is $32.20. The firm has a market cap of $55.45 billion, a P/E ratio of 10.88 and a beta of 1.01.

ENI (NYSE:E) last released its earnings results on Wednesday, February 21st. The oil and gas exploration company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.16). ENI had a net margin of 5.00% and a return on equity of 14.91%. The business had revenue of $26.95 billion for the quarter, compared to the consensus estimate of $19.86 billion. Research analysts predict that Eni S.p.A. will post 4.37 earnings per share for the current year.

ENI Increases Dividend

The company also recently declared a — dividend, which was paid on Monday, April 8th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.5186 per share. The ex-dividend date was Monday, March 18th. This represents a yield of 4.4%. This is a boost from ENI’s previous — dividend of $0.49. ENI’s dividend payout ratio is presently 48.01%.

ENI Company Profile

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.