Callan Capital LLC Purchases 11,426 Shares of Eni SpA (NYSE:E)

Callan Capital LLC lifted its position in Eni SpA (NYSE:E - Free Report) by 76.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,328 shares of the oil and gas exploration company's stock after acquiring an additional 11,426 shares during the period. Callan Capital LLC's holdings in ENI were worth $814,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC raised its holdings in shares of ENI by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company's stock worth $37,000 after acquiring an additional 601 shares in the last quarter. GAMMA Investing LLC increased its position in ENI by 76.8% during the first quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company's stock worth $104,000 after buying an additional 1,467 shares during the last quarter. Bessemer Group Inc. increased its position in ENI by 45.4% during the first quarter. Bessemer Group Inc. now owns 3,405 shares of the oil and gas exploration company's stock worth $106,000 after buying an additional 1,063 shares during the last quarter. Jones Financial Companies Lllp increased its position 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 worth $122,000 after buying an additional 2,149 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position 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 worth $201,000 after buying an additional 484 shares during the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Price Performance

E traded up $0.04 during midday trading on Friday, reaching $33.49. 181,051 shares of the company's stock were exchanged, compared to its average volume of 294,134. The firm has a market capitalization of $56.53 billion, a price-to-earnings ratio of 20.05 and a beta of 0.90. The company has a quick ratio of 1.00, a current ratio of 1.16 and a debt-to-equity ratio of 0.35. Eni SpA has a one year low of $24.65 and a one year high of $33.55. The business has a 50-day simple moving average of $31.00 and a two-hundred day simple moving average of $29.48.

ENI (NYSE:E - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.01. ENI had a net margin of 2.85% and a return on equity of 9.16%. The firm had revenue of $25.61 billion during the quarter, compared to analysts' expectations of $25.52 billion. As a group, research analysts predict that Eni SpA will post 3.74 EPS for the current year.

ENI Increases Dividend

The firm also recently announced a -- dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.5391 per share. This represents a yield of 5.5%. The ex-dividend date of this dividend was Tuesday, May 20th. This is a positive change from ENI's previous -- dividend of $0.35. ENI's payout ratio is currently 94.01%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on E. Citigroup reaffirmed a "neutral" rating on shares of ENI in a research report on Friday. Redburn Atlantic downgraded ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 23rd. Finally, Kepler Capital Markets downgraded ENI from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $31.60.

ENI Company 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.