Legacy Wealth Asset Management LLC trimmed its position in Eni SpA (NYSE:E - Free Report) by 41.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,827 shares of the oil and gas exploration company's stock after selling 14,969 shares during the period. Legacy Wealth Asset Management LLC's holdings in ENI were worth $675,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its position in ENI by 100.0% in 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 buying an additional 601 shares in the last quarter. Brooklyn Investment Group bought a new stake in ENI during the 1st quarter worth approximately $54,000. SVB Wealth LLC bought a new stake in ENI during the 1st quarter worth approximately $78,000. GAMMA Investing LLC increased its holdings in ENI by 76.8% during the 1st quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company's stock worth $104,000 after purchasing an additional 1,467 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in ENI by 45.4% during the 1st quarter. Bessemer Group Inc. now owns 3,405 shares of the oil and gas exploration company's stock worth $106,000 after purchasing an additional 1,063 shares in the last quarter. 1.18% of the stock is owned by institutional investors.
ENI Price Performance
ENI stock opened at $34.59 on Wednesday. Eni SpA has a 12 month low of $24.65 and a 12 month high of $36.05. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The business's 50 day simple moving average is $35.10 and its 200 day simple moving average is $32.33. The company has a market cap of $58.39 billion, a price-to-earnings ratio of 21.35 and a beta of 0.90.
ENI (NYSE:E - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The oil and gas exploration company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. ENI had a return on equity of 8.53% and a net margin of 2.84%.The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $23.54 billion. Sell-side analysts forecast that Eni SpA will post 3.74 EPS for the current year.
ENI Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 25th will be paid a $0.5814 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $2.33 annualized dividend and a yield of 6.7%. ENI's dividend payout ratio is presently 104.32%.
Analyst Ratings Changes
E has been the subject of a number of recent research reports. Royal Bank Of Canada lowered ENI from an "outperform" rating to a "sector perform" rating in a report on Tuesday, September 2nd. Jefferies Financial Group raised ENI to a "strong-buy" rating in a report on Friday, October 10th. Morgan Stanley set a $34.60 target price on ENI in a report on Wednesday, September 3rd. Citigroup reaffirmed a "neutral" rating on shares of ENI in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of ENI in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $34.60.
Check Out Our Latest Stock Report on ENI
ENI Profile
(
Free Report)
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.
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