ABC Arbitrage SA Buys 14,151 Shares of Eni SpA $E

ABC Arbitrage SA grew its stake in shares of Eni SpA (NYSE:E) by 78.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,110 shares of the oil and gas exploration company’s stock after purchasing an additional 14,151 shares during the quarter. ABC Arbitrage SA’s holdings in ENI were worth $1,041,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Bleakley Financial Group LLC boosted its position in ENI by 17.5% during the 1st quarter. Bleakley Financial Group LLC now owns 20,051 shares of the oil and gas exploration company’s stock valued at $620,000 after buying an additional 2,987 shares during the period. Signaturefd LLC raised its stake in shares of ENI by 6.8% during the first quarter. Signaturefd LLC now owns 27,982 shares of the oil and gas exploration company’s stock valued at $865,000 after acquiring an additional 1,793 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of ENI by 44.8% during the first 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 purchasing an additional 125,413 shares during the period. Gallacher Capital Management LLC boosted its holdings in shares of ENI by 5.0% during the first quarter. Gallacher Capital Management LLC now owns 17,414 shares of the oil and gas exploration company’s stock worth $539,000 after purchasing an additional 829 shares during the period. Finally, Choreo LLC bought a new stake in shares of ENI in the first quarter worth about $203,000. 1.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on E shares. HSBC lowered ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Morgan Stanley set a $34.60 target price on ENI in a report on Wednesday, September 3rd. Royal Bank Of Canada cut shares of ENI from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 2nd. Hsbc Global Res downgraded shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $34.60.

ENI Stock Down 0.3%

Shares of ENI stock opened at $38.09 on Thursday. The company has a 50-day simple moving average of $35.58 and a two-hundred day simple moving average of $33.46. The stock has a market capitalization of $64.29 billion, a PE ratio of 20.81 and a beta of 0.87. Eni SpA has a 52-week low of $24.65 and a 52-week high of $38.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.18.

ENI (NYSE:E) last posted its quarterly earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.17. ENI had a return on equity of 8.58% and a net margin of 3.20%.The firm had revenue of $23.46 billion during the quarter, compared to analysts’ expectations of $19.88 billion. On average, analysts anticipate that Eni SpA will post 3.74 EPS 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 paid a $0.5814 dividend. This represents a $2.33 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Tuesday, November 25th. ENI’s dividend payout ratio is 87.43%.

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.