Northern Trust Corp Acquires 66,784 Shares of Eni SpA $E

Key Points

• Northern Trust Corp increased its stake in Eni SpA by 9.1% during the first quarter, bringing its total holdings to 801,152 shares valued at approximately $24.78 million.
• Several institutional investors, including Golden State Wealth Management LLC and Gallacher Capital Management LLC, also boosted their positions in Eni during the same period.
• Research analysts have revised Eni's rating from "strong-buy" to "hold," with a consensus rating of "Hold" and an average price target of $31.60.

Northern Trust Corp grew its holdings in shares of Eni SpA (NYSE:E - Free Report) by 9.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 801,152 shares of the oil and gas exploration company's stock after purchasing an additional 66,784 shares during the quarter. Northern Trust Corp's holdings in ENI were worth $24,780,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in E. First Trust Advisors LP purchased a new stake in ENI during the fourth quarter valued at approximately $957,000. Dimensional Fund Advisors LP grew its position in shares of ENI by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 88,054 shares of the oil and gas exploration company's stock valued at $2,409,000 after acquiring an additional 11,824 shares during the period. Jane Street Group LLC increased its stake in shares of ENI by 336.7% in the 4th quarter. Jane Street Group LLC now owns 78,820 shares of the oil and gas exploration company's stock worth $2,157,000 after purchasing an additional 60,773 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in ENI by 57.5% in the 4th quarter. BNP Paribas Financial Markets now owns 14,890 shares of the oil and gas exploration company's stock worth $407,000 after purchasing an additional 5,436 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in ENI in the 4th quarter worth $2,999,000. Hedge funds and other institutional investors own 1.18% of the company's stock.

ENI Price Performance

E traded up $0.15 on Thursday, hitting $34.84. 201,631 shares of the company's stock traded hands, compared to its average volume of 302,997. Eni SpA has a one year low of $24.65 and a one year high of $35.94. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a market cap of $58.81 billion, a price-to-earnings ratio of 21.51 and a beta of 0.96. The company's 50 day simple moving average is $34.09 and its 200-day simple moving average is $31.13.

ENI (NYSE:E - Get Free Report) last announced its quarterly earnings data 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. ENI had a net margin of 2.84% and a return on equity of 8.53%. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $23.54 billion. As a group, research analysts anticipate that Eni SpA will post 3.74 EPS 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 paid a $0.5826 dividend. The ex-dividend date is Tuesday, September 23rd. This represents a yield of 440.0%. ENI's payout ratio is presently 98.77%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on E. Royal Bank Of Canada lowered ENI from an "outperform" rating to a "sector perform" rating in a report on Tuesday. Citigroup reiterated a "neutral" rating on shares of ENI in a research note on Friday, July 11th. Zacks Research lowered shares of ENI from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Morgan Stanley set a $34.60 target price on shares of ENI in a research note on Wednesday. Finally, Kepler Capital Markets downgraded shares of ENI from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.