Cresset Asset Management LLC decreased its stake in shares of Eni S.p.A. (NYSE:E - Free Report) by 67.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,078 shares of the oil and gas exploration company's stock after selling 33,488 shares during the period. Cresset Asset Management LLC's holdings in ENI were worth $440,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in E. Allworth Financial LP increased its position in shares of ENI by 30.5% in the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company's stock worth $70,000 after acquiring an additional 581 shares in the last quarter. R Squared Ltd purchased a new position in ENI during the 4th quarter valued at about $103,000. Jones Financial Companies Lllp increased its holdings in shares of ENI by 93.4% in the 4th quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company's stock valued at $122,000 after purchasing an additional 2,149 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of ENI by 7.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company's stock worth $201,000 after purchasing an additional 484 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in ENI during the fourth quarter valued at approximately $216,000. 1.18% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have commented on E shares. Citigroup reissued a "neutral" rating on shares of ENI in a research report on Friday, April 25th. StockNews.com downgraded ENI from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Redburn Atlantic lowered ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $31.60.
Check Out Our Latest Stock Analysis on E
ENI Price Performance
Shares of E traded up $0.07 during mid-day trading on Wednesday, reaching $29.69. The company had a trading volume of 65,480 shares, compared to its average volume of 319,075. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The company has a market capitalization of $50.11 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.86 and a beta of 0.88. Eni S.p.A. has a twelve month low of $24.65 and a twelve month high of $33.12. The company's 50-day moving average is $29.02 and its 200-day moving average is $28.70.
ENI (NYSE:E - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.01. ENI had a return on equity of 11.03% and a net margin of 2.76%. The firm had revenue of $25.61 billion during the quarter, compared to analyst estimates of $25.52 billion. On average, equities analysts anticipate that Eni S.p.A. will post 3.74 EPS for the current year.
ENI Increases Dividend
The company also recently declared a -- dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th will be given a $0.5391 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This is a positive change from ENI's previous -- dividend of $0.35. This represents a yield of 5.5%. ENI's payout ratio is 89.82%.
ENI Company Profile
(
Free Report)
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.
See Also
Before you consider ENI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ENI wasn't on the list.
While ENI currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
