Dimensional Fund Advisors LP lifted its stake in Eni S.p.A. (NYSE:E - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,054 shares of the oil and gas exploration company's stock after acquiring an additional 11,824 shares during the period. Dimensional Fund Advisors LP's holdings in ENI were worth $2,409,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Allworth Financial LP lifted its stake in ENI by 30.5% during the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company's stock valued at $70,000 after purchasing an additional 581 shares during the last quarter. R Squared Ltd acquired a new stake in ENI during the fourth quarter valued at approximately $103,000. Jones Financial Companies Lllp lifted its stake in ENI by 93.4% during the fourth 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 last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in ENI by 7.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company's stock valued at $201,000 after purchasing an additional 484 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of ENI during the fourth quarter valued at approximately $216,000. 1.18% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Redburn Atlantic lowered shares of ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, April 23rd. Citigroup restated a "neutral" rating on shares of ENI in a report on Friday, April 25th. Finally, StockNews.com lowered shares of ENI from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $31.60.
Get Our Latest Analysis on ENI
ENI Stock Up 0.4%
ENI stock traded up $0.11 during trading hours on Friday, hitting $30.17. The company had a trading volume of 219,671 shares, compared to its average volume of 320,949. The firm has a market capitalization of $50.92 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 1.86 and a beta of 0.88. 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 firm's fifty day moving average is $29.01 and its 200-day moving average is $28.71. Eni S.p.A. has a fifty-two week low of $24.65 and a fifty-two week high of $33.12.
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 for the quarter, beating the consensus estimate of $0.91 by $0.01. The firm had revenue of $25.61 billion for the quarter, compared to analyst estimates of $25.52 billion. ENI had a net margin of 2.76% and a return on equity of 11.03%. On average, research analysts forecast that Eni S.p.A. will post 3.74 earnings per share for the current year.
ENI Increases Dividend
The business also recently disclosed a -- dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th will be paid a $0.5391 dividend. This represents a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, May 20th. This is a positive change from ENI's previous -- dividend of $0.35. ENI's dividend payout ratio is currently 89.82%.
About ENI
(
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.
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