Eni SpA $E Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Eni SpA (NYSE:E) by 69.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,941 shares of the oil and gas exploration company’s stock after purchasing an additional 36,933 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in ENI were worth $2,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC grew 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 acquiring an additional 601 shares during the last quarter. GAMMA Investing LLC raised its stake in ENI by 76.8% in the 1st quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company’s stock valued at $104,000 after purchasing an additional 1,467 shares during the last quarter. Bessemer Group Inc. raised its stake in ENI by 45.4% in the 1st quarter. Bessemer Group Inc. now owns 3,405 shares of the oil and gas exploration company’s stock valued at $106,000 after purchasing an additional 1,063 shares during the last quarter. Choreo LLC acquired a new position in shares of ENI during the 1st quarter valued at about $203,000. Finally, NBC Securities Inc. increased its stake in shares of ENI by 121,000.0% during the 1st quarter. NBC Securities Inc. now owns 9,688 shares of the oil and gas exploration company’s stock valued at $299,000 after acquiring an additional 9,680 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

E has been the subject of a number of research analyst reports. Kepler Capital Markets downgraded shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 20th. Citigroup reissued a “neutral” rating on shares of ENI in a research report on Friday, July 11th. Finally, Zacks Research cut ENI from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.60.

ENI Stock Performance

NYSE:E opened at $35.83 on Friday. The stock has a 50 day simple moving average of $33.89 and a 200 day simple moving average of $31.02. Eni SpA has a 1-year low of $24.65 and a 1-year high of $35.94. 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 cap of $60.47 billion, a P/E ratio of 22.11 and a beta of 0.95.

ENI (NYSE:E) last posted its quarterly earnings data 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. ENI had a return on equity of 8.53% and a net margin of 2.84%.The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $23.54 billion. Research analysts anticipate that Eni SpA will post 3.74 earnings per share for the current year.

ENI Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, October 7th. Investors of record on Tuesday, September 23rd will be given a dividend of $0.5826 per share. This represents a yield of 440.0%. The ex-dividend date is Tuesday, September 23rd. ENI’s dividend payout ratio is currently 96.91%.

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.