Wealth Enhancement Advisory Services LLC Takes Position in Eni SpA $E

Wealth Enhancement Advisory Services LLC purchased a new stake in Eni SpA (NYSE:E) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,535 shares of the oil and gas exploration company’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Aaron Wealth Advisors LLC grew its position in shares of ENI by 32.7% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 10,536 shares of the oil and gas exploration company’s stock valued at $342,000 after purchasing an additional 2,596 shares during the period. Gallacher Capital Management LLC grew its position in shares of ENI by 3.0% in the 2nd quarter. Gallacher Capital Management LLC now owns 17,936 shares of the oil and gas exploration company’s stock valued at $581,000 after purchasing an additional 522 shares during the period. AQR Capital Management LLC grew its position in shares of ENI by 3.4% in the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after purchasing an additional 495 shares during the period. Advisors Asset Management Inc. grew its position in shares of ENI by 4.1% in the 1st quarter. Advisors Asset Management Inc. now owns 65,502 shares of the oil and gas exploration company’s stock valued at $2,026,000 after purchasing an additional 2,586 shares during the period. Finally, Royal Bank of Canada grew its position in shares of ENI by 2.1% in the 1st quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock valued at $2,141,000 after purchasing an additional 1,420 shares during the period. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Trading Up 0.1%

NYSE E opened at $35.53 on Thursday. The company has a market cap of $59.97 billion, a PE ratio of 21.93 and a beta of 0.90. The company has a current ratio of 1.18, a quick ratio of 1.02 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 $35.98. The stock has a 50 day moving average of $35.05 and a 200-day moving average of $32.08.

ENI (NYSE:E) last released its quarterly earnings data on Friday, July 25th. The oil and gas exploration company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $23.54 billion. ENI had a return on equity of 8.53% and a net margin of 2.84%. On average, equities research analysts anticipate that Eni SpA will post 3.74 EPS for the current fiscal year.

ENI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 25th will be paid a $0.5814 dividend. This represents a $2.33 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Tuesday, November 25th. ENI’s dividend payout ratio is 104.32%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on E shares. Morgan Stanley set a $34.60 price objective on ENI in a research report on Wednesday, September 3rd. Citigroup reiterated a “neutral” rating on shares of ENI in a research report on Friday, July 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a research report on Wednesday. Royal Bank Of Canada downgraded ENI from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 2nd. Finally, Zacks Research downgraded ENI from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.60.

ENI 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.