Compound Planning Inc. bought a new position in shares of Eni SpA (NYSE:E - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,689 shares of the oil and gas exploration company's stock, valued at approximately $300,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in E. Invesco Ltd. lifted its holdings in shares of ENI by 13.1% during the fourth quarter. Invesco Ltd. now owns 33,464 shares of the oil and gas exploration company's stock worth $916,000 after purchasing an additional 3,877 shares during the period. GAMMA Investing LLC raised its position in ENI by 76.8% during the 1st quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company's stock worth $104,000 after purchasing an additional 1,467 shares during the last quarter. Millennium Management LLC lifted its holdings in ENI by 215.8% during the 4th quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company's stock worth $8,952,000 after buying an additional 223,597 shares during the period. Janney Montgomery Scott LLC grew its position in shares of ENI by 10.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,936 shares of the oil and gas exploration company's stock valued at $307,000 after buying an additional 937 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of 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 during the period. 1.18% of the stock is currently owned by institutional investors and hedge funds.
ENI Trading Up 0.2%
NYSE E opened at $35.53 on Thursday. The stock has a market capitalization of $59.98 billion, a P/E ratio of 21.93 and a beta of 0.95. The business has a 50 day simple moving average of $33.78 and a 200 day simple moving average of $30.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.18 and a quick ratio of 1.02. Eni SpA has a one year low of $24.65 and a one year high of $35.94.
ENI (NYSE:E - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.12. The firm had revenue of $22.08 billion for the quarter, compared to analysts' expectations of $23.54 billion. ENI had a return on equity of 8.53% and a net margin of 2.84%. Research analysts expect that Eni SpA will post 3.74 earnings per share for the current year.
ENI Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 23rd will be issued a $0.5826 dividend. This represents a yield of 440.0%. The ex-dividend date is Tuesday, September 23rd. ENI's dividend payout ratio (DPR) is presently 96.91%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Citigroup reaffirmed a "neutral" rating on shares of ENI in a research note on Friday, July 11th. Kepler Capital Markets downgraded shares of ENI from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $31.60.
View Our Latest Analysis on ENI
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
