American Century Companies Inc. Has $13.19 Million Stock Position in Eni SpA $E

American Century Companies Inc. raised its holdings in Eni SpA (NYSE:E) by 9.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 426,566 shares of the oil and gas exploration company’s stock after acquiring an additional 37,988 shares during the quarter. American Century Companies Inc.’s holdings in ENI were worth $13,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its position in shares of ENI by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company’s stock worth $37,000 after buying an additional 601 shares during the period. GAMMA Investing LLC increased its position in shares of ENI by 76.8% during the first quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company’s stock worth $104,000 after buying an additional 1,467 shares during the period. Bessemer Group Inc. increased its position in shares of ENI by 45.4% during the first quarter. Bessemer Group Inc. now owns 3,405 shares of the oil and gas exploration company’s stock worth $106,000 after buying an additional 1,063 shares during the period. Choreo LLC acquired a new stake in shares of ENI during the first quarter worth $203,000. Finally, Townsquare Capital LLC acquired a new stake in shares of ENI during the first quarter worth $281,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Trading Down 1.1%

NYSE:E opened at $35.5450 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $60.00 billion, a price-to-earnings ratio of 21.94 and a beta of 0.95. The firm has a fifty day simple moving average of $33.66 and a two-hundred day simple moving average of $30.85. Eni SpA has a 12 month low of $24.65 and a 12 month high of $35.94.

ENI (NYSE:E) last posted its quarterly earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $23.54 billion. ENI had a net margin of 2.84% and a return on equity of 8.53%. Analysts expect that Eni SpA will post 3.74 EPS for the current fiscal year.

ENI Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be issued a $0.5826 dividend. This represents a yield of 440.0%. The ex-dividend date is Tuesday, September 23rd. ENI’s dividend payout ratio (DPR) is presently 98.77%.

Analysts Set New Price Targets

Several research firms have recently weighed in on E. Kepler Capital Markets cut shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 20th. Citigroup reiterated a “neutral” rating on shares of ENI in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, ENI has an average rating of “Hold” and an average price target 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.