Yousif Capital Management LLC Purchases 2,640 Shares of Eni SpA $E

Yousif Capital Management LLC lifted its holdings in Eni SpA (NYSE:E) by 10.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,181 shares of the oil and gas exploration company’s stock after buying an additional 2,640 shares during the quarter. Yousif Capital Management LLC’s holdings in ENI were worth $914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of E. Natixis Advisors LLC grew its position in shares of ENI by 21.9% in the 1st quarter. Natixis Advisors LLC now owns 2,779,073 shares of the oil and gas exploration company’s stock worth $85,957,000 after buying an additional 500,039 shares during the period. Cambiar Investors LLC grew its position in shares of ENI by 1,165.9% in the 1st quarter. Cambiar Investors LLC now owns 179,182 shares of the oil and gas exploration company’s stock worth $5,542,000 after buying an additional 165,027 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of ENI by 44.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 405,655 shares of the oil and gas exploration company’s stock worth $12,547,000 after buying an additional 125,413 shares during the period. Meritage Portfolio Management grew its position in shares of ENI by 102.9% in the 1st quarter. Meritage Portfolio Management now owns 150,200 shares of the oil and gas exploration company’s stock worth $4,646,000 after buying an additional 76,170 shares during the period. Finally, Northern Trust Corp grew its position in ENI by 9.1% during the 1st quarter. Northern Trust Corp now owns 801,152 shares of the oil and gas exploration company’s stock valued at $24,780,000 after purchasing an additional 66,784 shares during the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on E shares. Morgan Stanley set a $34.60 price objective on shares of ENI in a research report on Wednesday, September 3rd. Royal Bank Of Canada downgraded shares of ENI from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 2nd. Citigroup reissued a “neutral” rating on shares of ENI in a research report on Monday, October 13th. Jefferies Financial Group raised shares of ENI to a “strong-buy” rating in a research report on Friday, October 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $34.60.

ENI Price Performance

Shares of NYSE:E opened at $34.59 on Wednesday. The firm’s 50 day moving average price is $35.10 and its 200-day moving average price is $32.33. 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. The stock has a market capitalization of $58.39 billion, a PE ratio of 21.35 and a beta of 0.90.

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

ENI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 25th will be issued a $0.5814 dividend. This represents a $2.33 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Tuesday, November 25th. ENI’s dividend payout ratio is currently 104.32%.

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.