NBC Securities Inc. Buys 9,680 Shares of Eni S.p.A. (NYSE:E)

NBC Securities Inc. increased its stake in shares of Eni S.p.A. (NYSE:E - Free Report) by 121,000.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,688 shares of the oil and gas exploration company's stock after purchasing an additional 9,680 shares during the quarter. NBC Securities Inc.'s holdings in ENI were worth $299,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. ABC Arbitrage SA acquired a new stake in shares of ENI during the fourth quarter valued at $803,000. Allworth Financial LP raised its holdings in shares of ENI by 30.5% during the 4th quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company's stock valued at $70,000 after buying an additional 581 shares during the period. Callan Capital LLC raised its holdings in shares of ENI by 19.1% during the 4th quarter. Callan Capital LLC now owns 14,902 shares of the oil and gas exploration company's stock valued at $408,000 after buying an additional 2,388 shares during the period. Bank of New York Mellon Corp increased its holdings in ENI by 9.4% during the 4th quarter. Bank of New York Mellon Corp now owns 42,546 shares of the oil and gas exploration company's stock worth $1,164,000 after purchasing an additional 3,667 shares during the last quarter. Finally, Todd Asset Management LLC increased its holdings in ENI by 4.7% during the 4th quarter. Todd Asset Management LLC now owns 117,000 shares of the oil and gas exploration company's stock worth $3,201,000 after purchasing an additional 5,300 shares during the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on E. Kepler Capital Markets downgraded ENI from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Citigroup reiterated a "neutral" rating on shares of ENI in a research report on Friday, April 25th. Redburn Atlantic lowered ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen lowered ENI from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $31.60.

ENI Trading Up 0.4%

Shares of ENI stock traded up $0.13 during trading on Friday, reaching $30.46. 264,621 shares of the company were exchanged, compared to its average volume of 302,430. The firm has a market capitalization of $51.42 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 1.86 and a beta of 0.89. The business has a 50-day moving average price of $28.69 and a 200-day moving average price of $28.69. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. Eni S.p.A. has a twelve month low of $24.65 and a twelve month high of $33.12.

ENI (NYSE:E - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.01. ENI had a return on equity of 11.03% and a net margin of 2.76%. The company had revenue of $25.61 billion during the quarter, compared to analysts' expectations of $25.52 billion. Sell-side analysts anticipate that Eni S.p.A. will post 3.74 EPS for the current fiscal year.

ENI Increases Dividend

The company also recently announced a -- dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 20th will be given a $0.5391 dividend. This is an increase from ENI's previous -- dividend of $0.35. The ex-dividend date is Tuesday, May 20th. This represents a dividend yield of 5.5%. ENI's dividend payout ratio is presently 93.41%.

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.