Eni SpA $E Shares Acquired by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC increased its holdings in Eni SpA shares by 131.8% during Q2, owning 29,558 shares valued at approximately $958,000.
• Eni reported earnings of $0.79 per share, exceeding analysts' estimates, despite quarterly revenue of $22.08 billion falling short of expectations.
• The company recently announced a quarterly dividend of $0.5814 per share, with a yield of 6.7%, despite a high dividend payout ratio of 104.32%.

Sequoia Financial Advisors LLC lifted its position in shares of Eni SpA (NYSE:E - Free Report) by 131.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,558 shares of the oil and gas exploration company's stock after purchasing an additional 16,804 shares during the period. Sequoia Financial Advisors LLC's holdings in ENI were worth $958,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Jump Financial LLC bought a new position in ENI during the 1st quarter valued at $222,000. American Century Companies Inc. raised its holdings in shares of ENI by 9.8% during the first quarter. American Century Companies Inc. now owns 426,566 shares of the oil and gas exploration company's stock worth $13,194,000 after purchasing an additional 37,988 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of ENI by 69.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 89,941 shares of the oil and gas exploration company's stock worth $2,782,000 after purchasing an additional 36,933 shares during the period. Raymond James Financial Inc. raised its holdings in shares of ENI by 2.1% during the first quarter. Raymond James Financial Inc. now owns 531,030 shares of the oil and gas exploration company's stock worth $16,425,000 after purchasing an additional 10,803 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 1,467 shares during the period. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Stock Performance

Shares of E opened at $34.76 on Friday. 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 of $35.10 and a two-hundred day moving average of $32.25. The stock has a market cap of $58.68 billion, a price-to-earnings ratio of 21.46 and a beta of 0.90. 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 (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 business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $23.54 billion. ENI had a net margin of 2.84% and a return on equity of 8.53%. On average, equities research analysts expect that Eni SpA will post 3.74 earnings per share for the current year.

ENI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th will be given 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 of this dividend is Tuesday, November 25th. ENI's dividend payout ratio is 104.32%.

Analyst Ratings Changes

A number of research firms recently weighed in on E. Morgan Stanley set a $34.60 price objective on shares of ENI in a report on Wednesday, September 3rd. Royal Bank Of Canada lowered shares of ENI from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, September 2nd. Weiss Ratings restated a "hold (c)" rating on shares of ENI in a research report on Wednesday, October 8th. Zacks Research lowered shares of ENI from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Finally, Citigroup restated a "neutral" rating on shares of ENI in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, ENI has an average rating of "Hold" and an average price target of $34.60.

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.

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