Sequoia Financial Advisors LLC Raises Position in Eni S.p.A. (NYSE:E)

Sequoia Financial Advisors LLC increased its holdings in Eni S.p.A. (NYSE:E) by 13.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,360 shares of the oil and gas exploration company’s stock after acquiring an additional 1,384 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ENI were worth $386,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its stake in ENI by 18.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,185,838 shares of the oil and gas exploration company’s stock valued at $63,936,000 after acquiring an additional 344,808 shares during the last quarter. Natixis Advisors L.P. increased its stake in ENI by 12.9% in the third quarter. Natixis Advisors L.P. now owns 1,879,914 shares of the oil and gas exploration company’s stock valued at $60,007,000 after acquiring an additional 214,659 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in ENI by 319.7% in the first quarter. Envestnet Asset Management Inc. now owns 1,372,317 shares of the oil and gas exploration company’s stock valued at $7,637,000 after acquiring an additional 1,045,349 shares during the last quarter. Pacer Advisors Inc. increased its stake in ENI by 3.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,337,738 shares of the oil and gas exploration company’s stock valued at $45,496,000 after acquiring an additional 44,531 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of ENI by 1.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,267,160 shares of the oil and gas exploration company’s stock valued at $36,482,000 after buying an additional 17,815 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Stock Up 0.1 %

Shares of NYSE:E opened at $32.48 on Thursday. The stock’s 50-day moving average price is $31.70 and its 200-day moving average price is $32.20. Eni S.p.A. has a 12-month low of $26.50 and a 12-month high of $34.30. The stock has a market capitalization of $54.83 billion, a P/E ratio of 10.75 and a beta of 1.01. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.40.

ENI (NYSE:E) last posted its earnings results on Wednesday, February 21st. The oil and gas exploration company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.16). The firm had revenue of $26.95 billion for the quarter, compared to analysts’ expectations of $19.86 billion. ENI had a return on equity of 14.91% and a net margin of 5.00%. On average, equities analysts anticipate that Eni S.p.A. will post 4.61 earnings per share for the current year.

ENI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Tuesday, May 21st will be issued a dividend of $0.349 per share. The ex-dividend date is Monday, May 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.30%. ENI’s dividend payout ratio is currently 47.68%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on E shares. Berenberg Bank cut ENI from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. StockNews.com raised ENI from a “hold” rating to a “buy” rating in a research note on Friday, April 12th.

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.