Covenant Multifamily Offices LLC purchased a new position in shares of Eni SpA (NYSE:E) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,776 shares of the oil and gas exploration company’s stock, valued at approximately $63,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC raised its holdings in shares of ENI by 7.5% in the first quarter. Atlas Capital Advisors LLC now owns 16,294 shares of the oil and gas exploration company’s stock worth $574,000 after acquiring an additional 1,134 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of ENI by 22.4% in the first quarter. Quadrant Capital Group LLC now owns 11,410 shares of the oil and gas exploration company’s stock worth $392,000 after acquiring an additional 2,086 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of ENI by 20.7% in the first quarter. Bank of Montreal Can now owns 17,152 shares of the oil and gas exploration company’s stock worth $604,000 after acquiring an additional 2,939 shares during the last quarter. Private Capital Group LLC raised its holdings in shares of ENI by 111.1% in the first quarter. Private Capital Group LLC now owns 4,085 shares of the oil and gas exploration company’s stock worth $144,000 after acquiring an additional 2,150 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. increased its stake in ENI by 0.4% in the first quarter. Duff & Phelps Investment Management Co. now owns 154,119 shares of the oil and gas exploration company’s stock valued at $5,431,000 after purchasing an additional 574 shares during the last quarter. 1.63% of the stock is currently owned by institutional investors.
Several research firms recently commented on E. ValuEngine lowered ENI from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Citigroup lowered ENI from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 7th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $28.50.
NYSE:E traded down $0.45 on Wednesday, hitting $31.88. 132,101 shares of the stock were exchanged, compared to its average volume of 182,602. Eni SpA has a fifty-two week low of $29.75 and a fifty-two week high of $39.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.32 and a quick ratio of 1.17. The firm has a market capitalization of $58.37 billion, a PE ratio of 10.63, a P/E/G ratio of 2.69 and a beta of 0.64.
ENI (NYSE:E) last issued its earnings results on Wednesday, April 24th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.12). The company had revenue of $21.35 billion during the quarter. ENI had a return on equity of 8.88% and a net margin of 5.65%. As a group, research analysts anticipate that Eni SpA will post 2.6 earnings per share for the current year.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, June 6th. Investors of record on Tuesday, May 21st will be issued a $0.9357 dividend. This represents a yield of 5.43%. The ex-dividend date is Monday, May 20th. ENI’s dividend payout ratio is currently 46.67%.
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Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.
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