Jump Financial LLC Buys Shares of 7,172 Eni SpA $E

Key Points

• Jump Financial LLC has acquired a new position in Eni SpA, purchasing 7,172 shares valued at approximately $222,000 during the first quarter.
• Eni SpA's recent earnings report showed a quarterly EPS of $0.79, outperforming analyst expectations, but the company has announced a cut to its dividend.
• Analysts have recently downgraded Eni's stock rating, resulting in a consensus rating of "Hold" and a price target of $34.60.

Jump Financial LLC acquired a new stake in shares of Eni SpA (NYSE:E - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,172 shares of the oil and gas exploration company's stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC boosted its position in ENI by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company's stock valued at $37,000 after purchasing an additional 601 shares during the period. Gallacher Capital Management LLC boosted its position in ENI by 5.0% during the 1st quarter. Gallacher Capital Management LLC now owns 17,414 shares of the oil and gas exploration company's stock valued at $539,000 after purchasing an additional 829 shares during the period. Janney Montgomery Scott LLC boosted its position in ENI by 10.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,936 shares of the oil and gas exploration company's stock valued at $307,000 after purchasing an additional 937 shares during the period. PNC Financial Services Group Inc. boosted its position in ENI by 3.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 29,069 shares of the oil and gas exploration company's stock valued at $899,000 after purchasing an additional 1,019 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in ENI by 10.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 10,958 shares of the oil and gas exploration company's stock valued at $339,000 after purchasing an additional 1,043 shares during the period. Institutional investors and hedge funds own 1.18% of the company's stock.

ENI Stock Up 1.0%

Shares of NYSE E traded up $0.35 during mid-day trading on Wednesday, reaching $35.25. 158,860 shares of the company traded hands, compared to its average volume of 241,524. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.18. The stock has a market cap of $59.50 billion, a PE ratio of 21.76 and a beta of 0.96. The company's fifty day moving average is $34.31 and its two-hundred day moving average is $31.33. Eni SpA has a fifty-two week low of $24.65 and a fifty-two week high of $35.94.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The oil and gas exploration company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $23.54 billion. ENI had a return on equity of 8.53% and a net margin of 2.84%. On average, analysts expect that Eni SpA will post 3.74 earnings per share for the current year.

ENI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th will be issued a dividend of $0.5814 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $2.33 dividend on an annualized basis and a dividend yield of 6.6%. ENI's dividend payout ratio is currently 96.91%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Morgan Stanley set a $34.60 target price on ENI in a research note on Wednesday, September 3rd. Kepler Capital Markets downgraded ENI from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Zacks Research downgraded ENI from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Royal Bank Of Canada downgraded ENI from an "outperform" rating to a "sector perform" rating in a research note on Tuesday, September 2nd. Finally, Citigroup reaffirmed a "neutral" rating on shares of ENI in a research note on Friday, July 11th. One research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.