GAMMA Investing LLC Buys 1,467 Shares of Eni SpA (NYSE:E)

GAMMA Investing LLC increased its position in shares of Eni SpA (NYSE:E) by 76.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,376 shares of the oil and gas exploration company’s stock after purchasing an additional 1,467 shares during the quarter. GAMMA Investing LLC’s holdings in ENI were worth $104,000 at the end of the most recent reporting period.

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

ENI Stock Down 5.2%

Shares of ENI stock opened at $31.62 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.16 and a quick ratio of 1.00. Eni SpA has a 1 year low of $24.65 and a 1 year high of $33.35. The firm’s 50-day moving average is $30.55 and its two-hundred day moving average is $29.28. The stock has a market cap of $53.37 billion, a price-to-earnings ratio of 18.93 and a beta of 0.90.

ENI (NYSE:E) last announced its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.01. The firm had revenue of $25.61 billion for the quarter, compared to analyst estimates of $25.52 billion. ENI had a net margin of 2.85% and a return on equity of 9.16%. As a group, research analysts expect that Eni SpA will post 3.74 earnings per share for the current fiscal year.

ENI Increases Dividend

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

Analyst Upgrades and Downgrades

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

About ENI

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.