Hennion & Walsh Asset Management Inc. Takes Position in Eni SpA $E

Hennion & Walsh Asset Management Inc. bought a new position in shares of Eni SpA (NYSE:E) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,894 shares of the oil and gas exploration company’s stock, valued at approximately $337,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Natixis Advisors LLC grew its stake in ENI by 6.6% in the 3rd quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock valued at $108,824,000 after acquiring an additional 192,646 shares during the period. American Century Companies Inc. raised its position in ENI by 33.2% during the third quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock worth $22,259,000 after acquiring an additional 158,699 shares during the period. Raymond James Financial Inc. raised its position in ENI by 6.3% during the third quarter. Raymond James Financial Inc. now owns 541,031 shares of the oil and gas exploration company’s stock worth $18,909,000 after acquiring an additional 32,107 shares during the period. Quantinno Capital Management LP lifted its holdings in ENI by 44.9% during the second quarter. Quantinno Capital Management LP now owns 202,792 shares of the oil and gas exploration company’s stock valued at $6,575,000 after purchasing an additional 62,834 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in ENI by 7.0% during the third quarter. Fisher Asset Management LLC now owns 153,687 shares of the oil and gas exploration company’s stock valued at $5,371,000 after purchasing an additional 10,065 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on E. Barclays reissued an “overweight” rating on shares of ENI in a research note on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Erste Group Bank upgraded ENI to a “strong-buy” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. raised ENI from an “underweight” rating to an “overweight” rating in a report on Monday, March 2nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of ENI in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, ENI presently has a consensus rating of “Moderate Buy” and an average price target of $34.60.

ENI Stock Performance

NYSE:E opened at $57.09 on Monday. The company has a market cap of $96.37 billion, a P/E ratio of 33.58, a P/E/G ratio of 0.28 and a beta of 0.44. Eni SpA has a twelve month low of $24.65 and a twelve month high of $57.58. The company’s 50-day moving average price is $47.45 and its 200-day moving average price is $40.60. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38.

ENI (NYSE:E) last released its quarterly earnings data on Saturday, February 14th. The oil and gas exploration company reported $0.02 EPS for the quarter. ENI had a net margin of 3.07% and a return on equity of 9.27%. The company had revenue of $24.64 billion during the quarter. On average, sell-side analysts forecast that Eni SpA will post 3.74 earnings per share for the current fiscal year.

ENI Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Tuesday, March 24th will be issued a $0.6137 dividend. This is a boost from ENI’s previous quarterly dividend of $0.58. This represents a $2.45 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 24th. ENI’s payout ratio is 97.65%.

ENI Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.