Eni S.p.A. (NYSE:E) Stock Position Lifted by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of Eni S.p.A. (NYSE:E - Free Report) by 5,369.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,420 shares of the oil and gas exploration company's stock after acquiring an additional 102,511 shares during the quarter. GAMMA Investing LLC's holdings in ENI were worth $3,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its position in shares of ENI by 42.3% in the fourth quarter. Northern Trust Corp now owns 734,368 shares of the oil and gas exploration company's stock worth $20,092,000 after acquiring an additional 218,391 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in shares of ENI by 13.1% in the 4th quarter. Brandes Investment Partners LP now owns 606,769 shares of the oil and gas exploration company's stock valued at $16,601,000 after purchasing an additional 70,507 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ENI during the 4th quarter valued at $14,233,000. American Century Companies Inc. increased its holdings in shares of ENI by 10.0% during the 4th quarter. American Century Companies Inc. now owns 388,578 shares of the oil and gas exploration company's stock worth $10,631,000 after buying an additional 35,363 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in ENI by 215.8% in the fourth quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company's stock valued at $8,952,000 after acquiring an additional 223,597 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company's stock.

ENI Price Performance

Shares of NYSE E traded up $0.40 during mid-day trading on Thursday, reaching $32.14. 326,696 shares of the company traded hands, compared to its average volume of 303,898. The firm has a market cap of $54.25 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. Eni S.p.A. has a fifty-two week low of $24.65 and a fifty-two week high of $33.12. The stock has a fifty day simple moving average of $28.77 and a 200-day simple moving average of $28.73.

ENI (NYSE:E - Get Free Report) last released its earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.91 by $0.01. ENI had a net margin of 2.76% and a return on equity of 11.03%. The business had revenue of $25.61 billion during the quarter, compared to analyst estimates of $25.52 billion. Equities research analysts anticipate that Eni S.p.A. will post 3.74 EPS for the current fiscal year.

ENI Increases Dividend

The business also recently disclosed a -- dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.5391 per share. This represents a yield of 5.5%. The ex-dividend date was Tuesday, May 20th. This is an increase from ENI's previous -- dividend of $0.35. ENI's payout ratio is presently 93.41%.

Wall Street Analysts Forecast Growth

E has been the subject of several recent analyst reports. Redburn Atlantic downgraded ENI from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 23rd. Wall Street Zen lowered ENI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Kepler Capital Markets downgraded shares of ENI from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Citigroup reaffirmed a "neutral" rating on shares of ENI in a report on Friday, April 25th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, ENI currently has a consensus rating of "Hold" and a consensus target price of $31.60.

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.