Forum Financial Management LP Buys 10,223 Shares of Eni S.p.A. (NYSE:E)

Forum Financial Management LP boosted its stake in shares of Eni S.p.A. (NYSE:E - Free Report) by 55.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,823 shares of the oil and gas exploration company's stock after acquiring an additional 10,223 shares during the quarter. Forum Financial Management LP's holdings in ENI were worth $789,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Guggenheim Capital LLC raised its stake in shares of ENI by 10.8% during the 4th quarter. Guggenheim Capital LLC now owns 23,621 shares of the oil and gas exploration company's stock worth $646,000 after buying an additional 2,309 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ENI during the fourth quarter worth about $14,233,000. Invesco Ltd. increased its position in shares of ENI by 13.1% in the 4th quarter. Invesco Ltd. now owns 33,464 shares of the oil and gas exploration company's stock worth $916,000 after purchasing an additional 3,877 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of ENI by 4.0% during the fourth quarter. Quadrant Capital Group LLC now owns 16,034 shares of the oil and gas exploration company's stock worth $439,000 after purchasing an additional 622 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of ENI by 35.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 280,242 shares of the oil and gas exploration company's stock valued at $7,667,000 after acquiring an additional 73,511 shares during the period. 1.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group cut ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, January 8th. StockNews.com lowered ENI from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Morgan Stanley reiterated an "equal weight" rating and issued a $31.60 price objective (down from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Finally, Redburn Atlantic cut shares of ENI from a "buy" rating to a "neutral" rating in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $31.60.

ENI Trading Up 0.7 %

E traded up $0.19 during trading on Friday, reaching $29.05. 247,309 shares of the company's stock were exchanged, compared to its average volume of 315,774. The stock has a market capitalization of $49.04 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.86 and a beta of 0.73. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. Eni S.p.A. has a one year low of $24.65 and a one year high of $33.12. The firm has a fifty day moving average price of $29.01 and a two-hundred day moving average price of $28.90.

ENI (NYSE:E - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.01. The firm had revenue of $25.61 billion during the quarter, compared to the consensus estimate of $25.52 billion. ENI had a net margin of 2.76% and a return on equity of 11.03%. As a group, equities research analysts forecast that Eni S.p.A. will post 3.74 earnings per share for the current fiscal year.

ENI Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 20th will be issued a $0.5391 dividend. The ex-dividend date is Tuesday, May 20th. This represents a yield of 5.5%. This is a positive change from ENI's previous -- dividend of $0.35. ENI's dividend payout ratio (DPR) is 87.72%.

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.