Eni S.p.A. (NYSE:E) Shares Bought by Millennium Management LLC

Millennium Management LLC lifted its position in shares of Eni S.p.A. (NYSE:E) by 215.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,201 shares of the oil and gas exploration company’s stock after acquiring an additional 223,597 shares during the quarter. Millennium Management LLC’s holdings in ENI were worth $8,952,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of E. Envestnet Portfolio Solutions Inc. grew its holdings in ENI by 7.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company’s stock valued at $201,000 after buying an additional 484 shares in the last quarter. Corient Private Wealth LLC increased its position in ENI by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 49,250 shares of the oil and gas exploration company’s stock worth $1,347,000 after purchasing an additional 488 shares during the last quarter. Signaturefd LLC raised its stake in ENI by 2.1% during the fourth quarter. Signaturefd LLC now owns 26,189 shares of the oil and gas exploration company’s stock worth $717,000 after purchasing an additional 532 shares during the period. Allworth Financial LP boosted its holdings in 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 valued at $70,000 after purchasing an additional 581 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of ENI by 4.0% in the 4th quarter. Quadrant Capital Group LLC now owns 16,034 shares of the oil and gas exploration company’s stock valued at $439,000 after buying an additional 622 shares during the period. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Stock Up 0.1%

Shares of E opened at $29.13 on Monday. The company’s 50-day simple moving average is $28.94 and its 200-day simple moving average is $28.66. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. Eni S.p.A. has a 1 year low of $24.65 and a 1 year high of $33.12. The stock has a market capitalization of $49.16 billion, a PE ratio of 17.44, a P/E/G ratio of 1.86 and a beta of 0.88.

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

ENI Increases Dividend

The business also recently disclosed 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 is Tuesday, May 20th. This is an increase from ENI’s previous — dividend of $0.35. This represents a dividend yield of 5.5%. ENI’s payout ratio is currently 89.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on E shares. Redburn Atlantic cut ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, April 23rd. Citigroup reaffirmed a “neutral” rating on shares of ENI in a research note on Friday, April 25th. Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Kepler Capital Markets cut shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 20th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, ENI presently has an average rating of “Hold” and a consensus price target 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.