Ritholtz Wealth Management Has $688,000 Stock Holdings in Eni SpA $E

Key Points

• Ritholtz Wealth Management increased its holdings in Eni SpA by 64.8% during Q2, owning 21,216 shares valued at $688,000.
• Several hedge funds also boosted their positions in Eni, with PNC Financial Services Group Inc. owning 29,069 shares valued at $899,000 after a 3.6% increase.
• Eni has recently announced a quarterly dividend of $0.5814 per share, expected to yield 6.7% annually as of December 5th.

Ritholtz Wealth Management grew its holdings in Eni SpA (NYSE:E - Free Report) by 64.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,216 shares of the oil and gas exploration company's stock after buying an additional 8,343 shares during the quarter. Ritholtz Wealth Management's holdings in ENI were worth $688,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC raised its stake in shares of ENI by 3.4% in the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company's stock valued at $472,000 after buying an additional 495 shares in the last quarter. Gallacher Capital Management LLC increased its position in shares of ENI by 3.0% during the 2nd quarter. Gallacher Capital Management LLC now owns 17,936 shares of the oil and gas exploration company's stock worth $581,000 after purchasing an additional 522 shares in the last quarter. Golden State Wealth Management LLC increased its position 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 worth $37,000 after purchasing an additional 601 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of ENI by 10.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,936 shares of the oil and gas exploration company's stock worth $307,000 after purchasing an additional 937 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of ENI by 3.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 29,069 shares of the oil and gas exploration company's stock worth $899,000 after purchasing an additional 1,019 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on E. Jefferies Financial Group upgraded shares of ENI to a "strong-buy" rating in a research report on Friday, October 10th. Zacks Research cut shares of ENI from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Weiss Ratings reiterated a "hold (c)" rating on shares of ENI in a research report on Wednesday, October 8th. Royal Bank Of Canada cut shares of ENI from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, September 2nd. Finally, Citigroup reiterated a "neutral" rating on shares of ENI in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $34.60.

ENI Stock Up 1.6%

Shares of NYSE:E opened at $34.76 on Friday. Eni SpA has a 12 month low of $24.65 and a 12 month high of $36.05. The company's 50-day moving average price is $35.10 and its two-hundred day moving average price is $32.26. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.37. The firm has a market cap of $58.68 billion, a P/E ratio of 21.46 and a beta of 0.90.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The oil and gas exploration company reported $0.79 EPS for the quarter, topping 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. As a group, research analysts forecast that Eni SpA will post 3.74 EPS for the current fiscal year.

ENI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th will be paid a $0.5814 dividend. This represents a $2.33 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Tuesday, November 25th. ENI's dividend payout ratio (DPR) is 104.32%.

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.

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