Callan Family Office LLC Raises Stock Position in Eni SpA $E

Key Points

• Callan Family Office LLC increased its stake in Eni SpA by 58.5%, bringing its total holdings to 56,281 shares valued at approximately $1.825 million.
• Several hedge funds, including Natixis Advisors LLC and Cambiar Investors LLC, have also raised their positions in Eni, highlighting growing institutional interest in the company.
• Eni recently declared a quarterly dividend of $0.5814 per share, representing an annualized dividend yield of 6.7%, with the dividend payout ratio at 104.32%.

Callan Family Office LLC raised its stake in Eni SpA (NYSE:E - Free Report) by 58.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,281 shares of the oil and gas exploration company's stock after buying an additional 20,769 shares during the period. Callan Family Office LLC's holdings in ENI were worth $1,825,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in E. Natixis Advisors LLC increased its holdings in ENI by 21.9% in the first quarter. Natixis Advisors LLC now owns 2,779,073 shares of the oil and gas exploration company's stock valued at $85,957,000 after buying an additional 500,039 shares in the last quarter. Cambiar Investors LLC increased its holdings in ENI by 1,165.9% in the first quarter. Cambiar Investors LLC now owns 179,182 shares of the oil and gas exploration company's stock valued at $5,542,000 after buying an additional 165,027 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in ENI by 44.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 405,655 shares of the oil and gas exploration company's stock valued at $12,547,000 after buying an additional 125,413 shares in the last quarter. Meritage Portfolio Management increased its holdings in ENI by 102.9% in the first quarter. Meritage Portfolio Management now owns 150,200 shares of the oil and gas exploration company's stock valued at $4,646,000 after buying an additional 76,170 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in ENI by 9.1% in the first quarter. Northern Trust Corp now owns 801,152 shares of the oil and gas exploration company's stock valued at $24,780,000 after buying an additional 66,784 shares in the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

E has been the subject of a number of recent research reports. Royal Bank Of Canada cut shares of ENI from an "outperform" rating to a "sector perform" rating in a research note on Tuesday, September 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of ENI in a research note on Wednesday. Zacks Research cut shares of ENI from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Morgan Stanley set a $34.60 price objective on shares of ENI in a research note on Wednesday, September 3rd. Finally, Citigroup reissued a "neutral" rating on shares of ENI in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $34.60.

ENI Stock Down 2.6%

E stock opened at $34.48 on Friday. The stock has a market capitalization of $58.20 billion, a P/E ratio of 21.28 and a beta of 0.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.18. Eni SpA has a one year low of $24.65 and a one year high of $36.05. The company has a 50 day moving average price of $35.09 and a two-hundred day moving average price of $32.14.

ENI (NYSE:E - Get Free Report) last released its earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.67 by $0.12. The firm had revenue of $22.08 billion during the quarter, compared to analysts' expectations of $23.54 billion. ENI had a net margin of 2.84% and a return on equity of 8.53%. As a group, sell-side analysts expect that Eni SpA will post 3.74 EPS for the current year.

ENI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th will be issued a $0.5814 dividend. This represents a $2.33 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Tuesday, November 25th. ENI's dividend payout ratio (DPR) is 104.32%.

ENI 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.

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