BNP Paribas Financial Markets Increases Stake in Eni S.p.A. (NYSE:E)

BNP Paribas Financial Markets grew its holdings in Eni S.p.A. (NYSE:E) by 57.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,890 shares of the oil and gas exploration company’s stock after buying an additional 5,436 shares during the quarter. BNP Paribas Financial Markets’ holdings in ENI were worth $407,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Allworth Financial LP lifted its holdings in shares of ENI by 30.5% in the 4th quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock worth $70,000 after acquiring an additional 581 shares during the last quarter. R Squared Ltd acquired a new position in shares of ENI during the fourth quarter worth about $103,000. Jones Financial Companies Lllp increased its holdings in shares of ENI by 93.4% in the 4th quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company’s stock valued at $122,000 after purchasing an additional 2,149 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in ENI by 7.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company’s stock valued at $201,000 after purchasing an additional 484 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of ENI in the fourth quarter valued at approximately $216,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Price Performance

Shares of NYSE:E opened at $29.13 on Monday. The firm’s 50 day moving average is $28.94 and its two-hundred day moving average is $28.66. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $49.16 billion, a P/E ratio of 17.44, a PEG ratio of 1.86 and a beta of 0.88. Eni S.p.A. has a 52 week low of $24.65 and a 52 week high of $33.12.

ENI (NYSE:E) last announced its earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.91 by $0.01. ENI had a return on equity of 11.03% and a net margin of 2.76%. The firm had revenue of $25.61 billion for the quarter, compared to analysts’ expectations of $25.52 billion. Analysts anticipate that Eni S.p.A. will post 3.74 earnings per share for the current year.

ENI Increases Dividend

The business also recently announced a — dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.5391 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This is a positive change from ENI’s previous — dividend of $0.35. This represents a dividend yield of 5.5%. ENI’s payout ratio is 89.82%.

Analyst Ratings Changes

E has been the subject of a number of recent research reports. Redburn Atlantic downgraded shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, April 23rd. Citigroup reiterated a “neutral” rating on shares of ENI in a report on Friday, April 25th. Kepler Capital Markets downgraded shares of ENI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 20th. Finally, Wall Street Zen cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.60.

ENI Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.