Jump Financial LLC Acquires 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 bought a new stake in shares of Eni SpA (NYSE:E - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,172 shares of the oil and gas exploration company's stock, valued at approximately $222,000.

A number of other institutional investors also recently bought and sold shares of the stock. Natixis Advisors LLC increased its position in ENI by 21.9% during the first quarter. Natixis Advisors LLC now owns 2,779,073 shares of the oil and gas exploration company's stock valued at $85,957,000 after acquiring an additional 500,039 shares during the last quarter. Millennium Management LLC grew its holdings in ENI by 215.8% during the 4th quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company's stock valued at $8,952,000 after purchasing an additional 223,597 shares during the last quarter. Northern Trust Corp grew its holdings in ENI by 42.3% during the 4th quarter. Northern Trust Corp now owns 734,368 shares of the oil and gas exploration company's stock valued at $20,092,000 after purchasing an additional 218,391 shares during the last quarter. Cambiar Investors LLC lifted its stake in ENI by 1,165.9% in the first quarter. Cambiar Investors LLC now owns 179,182 shares of the oil and gas exploration company's stock worth $5,542,000 after purchasing an additional 165,027 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in ENI by 44.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 405,655 shares of the oil and gas exploration company's stock worth $12,547,000 after purchasing an additional 125,413 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on E. Royal Bank Of Canada downgraded shares of ENI from an "outperform" rating to a "sector perform" rating in a research note on Tuesday, September 2nd. Citigroup reissued a "neutral" rating on shares of ENI in a research note on Friday, July 11th. Kepler Capital Markets downgraded shares of ENI from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Morgan Stanley set a $34.60 price objective on shares of ENI in a research note on Wednesday. Finally, Zacks Research downgraded shares of ENI from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. One investment 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 presently has an average rating of "Hold" and an average target price of $34.60.

ENI Stock Down 1.4%

Shares of E stock traded down $0.50 during mid-day trading on Friday, hitting $34.37. 314,445 shares of the stock traded hands, compared to its average volume of 233,242. Eni SpA has a 52-week low of $24.65 and a 52-week high of $35.94. The stock has a market cap of $58.01 billion, a P/E ratio of 21.22 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.18 and a quick ratio of 1.02. The stock's fifty day moving average is $34.19 and its two-hundred day moving average is $31.22.

ENI (NYSE:E - Get Free Report) last posted its earnings results 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. ENI had a net margin of 2.84% and a return on equity of 8.53%. The company had revenue of $22.08 billion during the quarter, compared to analysts' expectations of $23.54 billion. Equities analysts predict that Eni SpA will post 3.74 EPS for the current year.

ENI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th will be issued a $0.5814 dividend. This represents a $2.33 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Tuesday, November 25th. ENI's payout ratio is currently 98.77%.

About ENI

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.