Ritholtz Wealth Management Sells 1,553 Shares of Eni SpA (NYSE:E)

Ritholtz Wealth Management reduced its position in shares of Eni SpA (NYSE:E) by 10.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,873 shares of the oil and gas exploration company’s stock after selling 1,553 shares during the period. Ritholtz Wealth Management’s holdings in ENI were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in ENI in the fourth quarter valued at approximately $14,233,000. Optiver Holding B.V. boosted its holdings in ENI by 1,885.2% in the fourth quarter. Optiver Holding B.V. now owns 273,042 shares of the oil and gas exploration company’s stock valued at $7,470,000 after acquiring an additional 259,288 shares during the last quarter. Millennium Management LLC boosted its holdings in ENI by 215.8% in the fourth quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company’s stock valued at $8,952,000 after acquiring an additional 223,597 shares during the last quarter. Northern Trust Corp boosted its holdings in ENI by 42.3% in the fourth quarter. Northern Trust Corp now owns 734,368 shares of the oil and gas exploration company’s stock valued at $20,092,000 after acquiring an additional 218,391 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new stake in ENI in the fourth quarter valued at approximately $4,882,000. 1.18% of the stock is currently owned by institutional investors.

ENI Price Performance

Shares of NYSE:E opened at $32.66 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.16 and a debt-to-equity ratio of 0.35. Eni SpA has a twelve month low of $24.65 and a twelve month high of $33.12. The stock’s 50 day moving average is $29.54 and its 200-day moving average is $28.91. The firm has a market capitalization of $55.12 billion, a price-to-earnings ratio of 19.55 and a beta of 0.89.

ENI (NYSE:E) last issued its earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.01. ENI had a return on equity of 9.16% and a net margin of 2.85%. The company had revenue of $25.61 billion for the quarter, compared to analyst estimates of $25.52 billion. Sell-side analysts forecast that Eni SpA will post 3.74 EPS for the current fiscal year.

ENI Increases Dividend

The company also recently announced a — dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.5391 per share. This represents a dividend yield of 5.5%. This is a positive change from ENI’s previous — dividend of $0.35. The ex-dividend date of this dividend was Tuesday, May 20th. ENI’s dividend payout ratio is presently 94.01%.

Analyst Upgrades and Downgrades

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

ENI Company 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.