Massachusetts Financial Services Co. MA Grows Stock Holdings in Eni SpA $E

Key Points

• Massachusetts Financial Services Co. raised its stake in ENI by 8.2% during Q4 to 589,265 shares, valued at about $22.36 million.
• ENI increased its quarterly dividend to $0.6137 (annualized $2.45), yielding roughly 4.5%, though the dividend payout ratio is high at 97.65%.
• Analyst and valuation snapshot: market consensus is a "Moderate Buy" with an average target of $31.30, while ENI trades around $54.28 with a market cap of $91.63 billion and a P/E of 31.93.

Massachusetts Financial Services Co. MA raised its position in shares of Eni SpA (NYSE:E - Free Report) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 589,265 shares of the oil and gas exploration company's stock after purchasing an additional 44,588 shares during the period. Massachusetts Financial Services Co. MA's holdings in ENI were worth $22,357,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC purchased a new stake in ENI during the fourth quarter valued at about $284,000. Aaron Wealth Advisors LLC raised its position in ENI by 17.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 13,334 shares of the oil and gas exploration company's stock valued at $506,000 after purchasing an additional 1,941 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in ENI by 408.4% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 26,640 shares of the oil and gas exploration company's stock valued at $1,011,000 after purchasing an additional 21,400 shares in the last quarter. Signaturefd LLC raised its position in ENI by 2.8% during the fourth quarter. Signaturefd LLC now owns 28,462 shares of the oil and gas exploration company's stock valued at $1,080,000 after purchasing an additional 787 shares in the last quarter. Finally, Ascent Group LLC purchased a new stake in ENI during the fourth quarter valued at about $217,000. Hedge funds and other institutional investors own 1.18% of the company's stock.

ENI Stock Down 2.0%

E opened at $54.28 on Thursday. The company has a market cap of $91.63 billion, a P/E ratio of 31.93, a P/E/G ratio of 0.26 and a beta of 0.44. The business's 50-day moving average price is $49.84 and its 200-day moving average price is $41.73. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38. Eni SpA has a 12 month low of $27.30 and a 12 month high of $58.00.

ENI (NYSE:E - Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The oil and gas exploration company reported $0.02 EPS for the quarter. The firm had revenue of $24.64 billion for the quarter. ENI had a return on equity of 9.27% and a net margin of 3.07%. On average, equities analysts expect that Eni SpA will post 3.74 EPS for the current year.

ENI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Tuesday, March 24th were issued a $0.6137 dividend. This is an increase from ENI's previous quarterly dividend of $0.58. This represents a $2.45 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, March 24th. ENI's dividend payout ratio (DPR) is presently 97.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on E shares. Wall Street Zen downgraded ENI from a "buy" rating to a "hold" rating in a research report on Saturday, March 28th. Royal Bank Of Canada raised their price target on ENI from $24.00 to $28.00 and gave the company a "sector perform" rating in a research report on Thursday, April 9th. Zacks Research upgraded ENI from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 31st. Rothschild & Co Redburn upgraded ENI from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 9th. Finally, JPMorgan Chase & Co. upgraded ENI from an "underweight" rating to an "overweight" rating in a report on Monday, March 2nd. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, ENI has an average rating of "Moderate Buy" and an average target price of $31.30.

About ENI

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm's activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.

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