Advisors Asset Management Inc. Has $2.05 Million Holdings in Eni SpA $E

Advisors Asset Management Inc. trimmed its holdings in shares of Eni SpA (NYSE:E) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,270 shares of the oil and gas exploration company’s stock after selling 2,232 shares during the quarter. Advisors Asset Management Inc.’s holdings in ENI were worth $2,051,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of E. Coldstream Capital Management Inc. grew its position in shares of ENI by 28.9% during the 2nd quarter. Coldstream Capital Management Inc. now owns 7,616 shares of the oil and gas exploration company’s stock worth $247,000 after purchasing an additional 1,706 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of ENI by 12.1% in the second quarter. American Century Companies Inc. now owns 478,192 shares of the oil and gas exploration company’s stock valued at $15,503,000 after buying an additional 51,626 shares during the period. RD Lewis Holdings Inc. bought a new stake in shares of ENI in the second quarter valued at approximately $2,316,000. MAI Capital Management grew its position in ENI by 2,488.4% during the second quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after buying an additional 1,070 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in ENI by 60.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 45,348 shares of the oil and gas exploration company’s stock worth $1,470,000 after acquiring an additional 17,133 shares during the period. Institutional investors own 1.18% of the company’s stock.

ENI Trading Down 0.3%

E opened at $37.00 on Friday. The company has a market cap of $62.45 billion, a P/E ratio of 20.22 and a beta of 0.87. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $36.18 and its 200-day moving average is $34.17. Eni SpA has a 1-year low of $24.65 and a 1-year high of $38.47.

ENI (NYSE:E) last announced its quarterly earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.17. ENI had a net margin of 3.20% and a return on equity of 8.58%. The company had revenue of $24.11 billion during the quarter, compared to the consensus estimate of $19.88 billion. Equities research analysts predict that Eni SpA will post 3.74 earnings per share for the current fiscal year.

ENI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th will be paid a dividend of $0.5814 per share. This represents a $2.33 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, November 25th. ENI’s dividend payout ratio (DPR) is presently 87.43%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on E shares. Royal Bank Of Canada downgraded ENI from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 2nd. HSBC downgraded ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Morgan Stanley set a $34.60 price objective on shares of ENI in a research note on Wednesday, September 3rd. Jefferies Financial Group raised shares of ENI to a “strong-buy” rating in a report on Friday, October 10th. Finally, Zacks Research upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, ENI has a consensus rating of “Hold” and a consensus price target of $34.60.

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.