Cubist Systematic Strategies LLC trimmed its holdings in Eni SpA (NYSE:E - Free Report) by 75.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,007 shares of the oil and gas exploration company's stock after selling 82,604 shares during the quarter. Cubist Systematic Strategies LLC's holdings in ENI were worth $835,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in ENI by 2.1% in the 1st quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company's stock worth $2,141,000 after buying an additional 1,420 shares in the last quarter. Vident Advisory LLC boosted its stake in ENI by 28.1% during the 1st quarter. Vident Advisory LLC now owns 35,230 shares of the oil and gas exploration company's stock valued at $1,090,000 after purchasing an additional 7,734 shares in the last quarter. Harvest Portfolios Group Inc. boosted its stake in ENI by 11.4% during the 1st quarter. Harvest Portfolios Group Inc. now owns 64,284 shares of the oil and gas exploration company's stock valued at $1,988,000 after purchasing an additional 6,572 shares in the last quarter. Jump Financial LLC bought a new position in ENI during the 1st quarter valued at $222,000. Finally, SVB Wealth LLC bought a new position in ENI during the 1st quarter valued at $78,000. 1.18% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Zacks Research lowered ENI from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Citigroup reaffirmed a "neutral" rating on shares of ENI in a research note on Friday, July 11th. Morgan Stanley set a $34.60 price target on ENI in a research note on Wednesday, September 3rd. Royal Bank Of Canada lowered ENI from an "outperform" rating to a "sector perform" rating in a research note on Tuesday, September 2nd. Finally, Kepler Capital Markets lowered ENI from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $34.60.
Read Our Latest Stock Analysis on E
ENI Stock Down 0.4%
Shares of E traded down $0.14 during mid-day trading on Friday, reaching $34.89. The company's stock had a trading volume of 211,666 shares, compared to its average volume of 232,650. The business has a fifty day moving average of $34.38 and a 200 day moving average of $31.37. The company has a market cap of $58.89 billion, a price-to-earnings ratio of 21.53 and a beta of 0.96. Eni SpA has a 1 year low of $24.65 and a 1 year high of $35.94. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.37.
ENI (NYSE:E - Get Free Report) last released its earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $23.54 billion. ENI had a return on equity of 8.53% and a net margin of 2.84%. As a group, analysts forecast that Eni SpA will post 3.74 earnings per share for the current fiscal year.
ENI Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th will be issued a $0.5814 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $2.33 dividend on an annualized basis and a dividend yield of 6.7%. ENI's dividend payout ratio is presently 96.91%.
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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