QRG Capital Management Inc. Grows Stock Holdings in Eni SpA $E

Key Points

• QRG Capital Management Inc. has increased its stake in Eni SpA by 69.2% during the second quarter, now holding 82,777 shares valued at approximately $2.68 million.
• The company recently announced a quarterly dividend of $0.5814 per share, representing an annual dividend yield of 6.6%, with a payout date set for December 5th.
• Equities analysts have mixed ratings on Eni, with a consensus rating of "Hold" and a price target of $34.60, following various downgrades from firms such as Citigroup and Royal Bank of Canada.

QRG Capital Management Inc. raised its holdings in shares of Eni SpA (NYSE:E - Free Report) by 69.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,777 shares of the oil and gas exploration company's stock after acquiring an additional 33,842 shares during the quarter. QRG Capital Management Inc.'s holdings in ENI were worth $2,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in E. Jump Financial LLC bought a new stake in shares of ENI during the 1st quarter valued at $222,000. American Century Companies Inc. grew its holdings in ENI by 9.8% during the 1st quarter. American Century Companies Inc. now owns 426,566 shares of the oil and gas exploration company's stock valued at $13,194,000 after buying an additional 37,988 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of ENI by 69.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 89,941 shares of the oil and gas exploration company's stock valued at $2,782,000 after buying an additional 36,933 shares during the period. Raymond James Financial Inc. boosted its position in shares of ENI by 2.1% in the first quarter. Raymond James Financial Inc. now owns 531,030 shares of the oil and gas exploration company's stock valued at $16,425,000 after acquiring an additional 10,803 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in ENI by 76.8% in the 1st quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company's stock valued at $104,000 after purchasing an additional 1,467 shares during the period. 1.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on E shares. Citigroup reissued a "neutral" rating on shares of ENI in a research note on Friday, July 11th. Royal Bank Of Canada cut ENI from an "outperform" rating to a "sector perform" rating in a report on Tuesday, September 2nd. Zacks Research downgraded ENI from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Morgan Stanley set a $34.60 price target on shares of ENI in a research report on Wednesday, September 3rd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of ENI in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $34.60.

ENI Stock Up 0.7%

Shares of NYSE E opened at $35.32 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. Eni SpA has a 12 month low of $24.65 and a 12 month high of $35.98. The firm has a market capitalization of $59.62 billion, a PE ratio of 21.80 and a beta of 0.90. The firm has a fifty day simple moving average of $35.01 and a two-hundred day simple moving average of $32.03.

ENI (NYSE:E - Get Free Report) last announced its earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 earnings per share 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 firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $23.54 billion. Equities analysts expect that Eni SpA will post 3.74 earnings per share for the current year.

ENI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.5814 per share. The ex-dividend date 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 104.32%.

ENI 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.

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