Eni SpA (NYSE:E) Shares Acquired by Meritage Portfolio Management

Meritage Portfolio Management boosted its position in Eni SpA (NYSE:E - Free Report) by 102.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 150,200 shares of the oil and gas exploration company's stock after purchasing an additional 76,170 shares during the quarter. Meritage Portfolio Management's holdings in ENI were worth $4,646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of ENI by 7.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company's stock worth $201,000 after purchasing an additional 484 shares during the last quarter. Corient Private Wealth LLC grew its holdings in ENI by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 49,250 shares of the oil and gas exploration company's stock valued at $1,347,000 after buying an additional 488 shares during the period. Signaturefd LLC grew its holdings in ENI by 2.1% in the 4th quarter. Signaturefd LLC now owns 26,189 shares of the oil and gas exploration company's stock valued at $717,000 after buying an additional 532 shares during the period. Golden State Wealth Management LLC increased its stake in shares of 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 acquiring an additional 601 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of ENI by 4.0% during the 4th quarter. Quadrant Capital Group LLC now owns 16,034 shares of the oil and gas exploration company's stock worth $439,000 after acquiring an additional 622 shares during the period. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on E shares. Redburn Atlantic downgraded shares of ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, April 23rd. Kepler Capital Markets lowered shares of ENI from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, Citigroup reissued a "neutral" rating on shares of ENI in a research note on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $31.60.

ENI Stock Down 5.2%

Shares of NYSE E traded down $1.73 on Thursday, hitting $31.62. The company had a trading volume of 307,885 shares, compared to its average volume of 293,144. The business has a 50 day moving average of $30.44 and a two-hundred day moving average of $29.18. The company has a quick ratio of 1.00, a current ratio of 1.16 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $53.37 billion, a P/E ratio of 18.93 and a beta of 0.90. Eni SpA has a 12-month low of $24.65 and a 12-month high of $33.50.

ENI (NYSE:E - Get Free Report) last released its earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.01. ENI had a return on equity of 9.16% and a net margin of 2.85%. The company had revenue of $25.61 billion for the quarter, compared to the consensus estimate of $25.52 billion. As a group, equities research analysts forecast that Eni SpA will post 3.74 earnings per share for the current fiscal year.

ENI Increases Dividend

The firm also recently announced a -- dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.5391 per share. This is a positive change from ENI's previous -- dividend of $0.35. The ex-dividend date was Tuesday, May 20th. This represents a yield of 5.5%. ENI's payout ratio is presently 94.01%.

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.