Cubist Systematic Strategies LLC Has $835,000 Holdings in Eni SpA $E

Cubist Systematic Strategies LLC decreased its holdings in shares of Eni SpA (NYSE:E) by 75.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,007 shares of the oil and gas exploration company’s stock after selling 82,604 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in ENI were worth $835,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Golden State Wealth Management LLC grew its position in shares of ENI by 100.0% during the 1st 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. Gallacher Capital Management LLC lifted its stake in shares of ENI by 5.0% in the 1st quarter. Gallacher Capital Management LLC now owns 17,414 shares of the oil and gas exploration company’s stock valued at $539,000 after purchasing an additional 829 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of ENI by 10.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,936 shares of the oil and gas exploration company’s stock valued at $307,000 after purchasing an additional 937 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of ENI by 3.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 29,069 shares of the oil and gas exploration company’s stock valued at $899,000 after purchasing an additional 1,019 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of ENI by 10.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 10,958 shares of the oil and gas exploration company’s stock valued at $339,000 after purchasing an additional 1,043 shares during the period. Institutional investors and hedge funds own 1.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on E. Kepler Capital Markets cut shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 20th. Royal Bank Of Canada lowered shares of ENI from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 2nd. Citigroup reissued a “neutral” rating on shares of ENI in a research report on Friday, July 11th. Zacks Research lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Finally, Morgan Stanley set a $34.60 price target on ENI in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $34.60.

ENI Price Performance

E stock opened at $34.93 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.37. Eni SpA has a 12 month low of $24.65 and a 12 month high of $35.94. The firm has a market cap of $58.96 billion, a P/E ratio of 21.56 and a beta of 0.96. The company’s 50-day moving average price is $34.27 and its two-hundred day moving average price is $31.30.

ENI (NYSE:E) last posted its earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The firm had revenue of $22.08 billion for 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%. On average, analysts anticipate that Eni SpA will post 3.74 earnings per share for the current fiscal year.

ENI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th will be issued a dividend of $0.5814 per share. The ex-dividend date is Tuesday, November 25th. This represents a $2.33 annualized dividend and a dividend yield of 6.7%. ENI’s dividend payout ratio is currently 98.77%.

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.