US Bancorp DE Has $1.35 Million Stake in Eni SpA $E

US Bancorp DE decreased its position in shares of Eni SpA (NYSE:E) by 18.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,775 shares of the oil and gas exploration company’s stock after selling 9,609 shares during the period. US Bancorp DE’s holdings in ENI were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC grew its stake in shares of ENI by 3.4% during the first 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 last quarter. Gallacher Capital Management LLC grew its stake in shares of ENI by 3.0% during the second 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 last quarter. Golden State Wealth Management LLC grew its stake 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 valued at $37,000 after purchasing an additional 601 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of ENI by 10.4% during the first 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 last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of ENI by 3.6% during the first 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 last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on E. Zacks Research cut shares of ENI from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Royal Bank Of Canada cut shares of ENI from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 2nd. Jefferies Financial Group raised shares of ENI to a “strong-buy” rating in a research note on Friday, October 10th. Citigroup reaffirmed a “neutral” rating on shares of ENI in a research note on Monday. Finally, Morgan Stanley set a $34.60 price objective on shares of ENI in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.60.

ENI Trading Down 0.2%

Shares of NYSE E opened at $34.24 on Friday. The company’s fifty day moving average is $35.09 and its 200-day moving average is $32.23. The stock has a market cap of $57.80 billion, a price-to-earnings ratio of 21.14 and a beta of 0.90. Eni SpA has a twelve month low of $24.65 and a twelve month high of $36.05. 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 (NYSE:E) last announced its quarterly 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 company 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%. Equities research analysts predict that Eni SpA will post 3.74 EPS for the current year.

ENI Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $2.33 dividend on an annualized basis and a yield of 6.8%. ENI’s dividend payout ratio is presently 104.32%.

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.