Forum Financial Management LP Has $789,000 Position in Eni S.p.A. (NYSE:E)

Forum Financial Management LP raised its stake in Eni S.p.A. (NYSE:E - Free Report) by 55.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,823 shares of the oil and gas exploration company's stock after acquiring an additional 10,223 shares during the quarter. Forum Financial Management LP's holdings in ENI were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of ENI by 277.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company's stock worth $939,000 after buying an additional 22,768 shares during the period. Park Avenue Securities LLC bought a new position in ENI during the 4th quarter worth approximately $216,000. Ballentine Partners LLC bought a new position in ENI during the 4th quarter worth approximately $235,000. Blue Trust Inc. lifted its stake in ENI by 22.9% in the fourth quarter. Blue Trust Inc. now owns 23,445 shares of the oil and gas exploration company's stock valued at $711,000 after buying an additional 4,375 shares in the last quarter. Finally, R Squared Ltd bought a new position in ENI in the fourth quarter valued at approximately $103,000. Institutional investors and hedge funds own 1.18% of the company's stock.

Wall Street Analysts Forecast Growth

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

ENI Stock Performance

Shares of NYSE E remained flat at $29.48 during midday trading on Friday. 123,587 shares of the stock were exchanged, compared to its average volume of 306,804. 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 12 month low of $24.65 and a 12 month high of $33.12. The company has a market cap of $49.76 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.86 and a beta of 0.88. The stock has a fifty day simple moving average of $28.79 and a 200 day simple moving average of $28.66.

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

ENI Increases Dividend

The company also recently announced a -- dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 20th will be issued a dividend of $0.5391 per share. This represents a yield of 5.5%. This is an increase from ENI's previous -- dividend of $0.35. The ex-dividend date of this dividend is Tuesday, May 20th. ENI's payout ratio is presently 89.82%.

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.