Brandes Investment Partners LP cut its stake in shares of Eni SpA (NYSE:E) by 10.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,617,431 shares of the oil and gas exploration company’s stock after selling 184,347 shares during the quarter. ENI makes up 1.2% of Brandes Investment Partners LP’s portfolio, making the stock its 27th largest holding. Brandes Investment Partners LP owned about 0.09% of ENI worth $53,424,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Fisher Asset Management LLC boosted its holdings in ENI by 39.7% during the second quarter. Fisher Asset Management LLC now owns 1,490,039 shares of the oil and gas exploration company’s stock worth $49,216,000 after buying an additional 423,522 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of ENI by 4.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 801,435 shares of the oil and gas exploration company’s stock valued at $28,243,000 after purchasing an additional 36,210 shares in the last quarter. Todd Asset Management LLC lifted its holdings in shares of ENI by 19.7% during the 1st quarter. Todd Asset Management LLC now owns 729,172 shares of the oil and gas exploration company’s stock valued at $25,696,000 after purchasing an additional 119,956 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of ENI by 9.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 188,539 shares of the oil and gas exploration company’s stock valued at $6,643,000 after purchasing an additional 16,757 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in ENI by 18.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 109,803 shares of the oil and gas exploration company’s stock valued at $3,627,000 after acquiring an additional 16,846 shares in the last quarter. 1.60% of the stock is owned by institutional investors.
Several research firms have commented on E. Credit Suisse Group cut ENI from an “outperform” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research note on Wednesday, September 4th. Zacks Investment Research upgraded ENI from a “strong sell” rating to a “hold” rating and set a $27.00 target price on the stock in a research note on Thursday, July 18th. Finally, Santander raised ENI from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.67.
Shares of E stock traded up $0.33 during trading on Friday, reaching $31.05. 182,787 shares of the company’s stock were exchanged, compared to its average volume of 233,994. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average price is $30.10 and its 200-day moving average price is $32.58. Eni SpA has a twelve month low of $28.54 and a twelve month high of $39.16. The stock has a market capitalization of $55.89 billion, a PE ratio of 10.35, a PEG ratio of 3.89 and a beta of 0.74.
ENI (NYSE:E) last issued its quarterly earnings data on Friday, July 26th. The oil and gas exploration company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.29). The firm had revenue of $21.16 billion during the quarter. ENI had a net margin of 4.59% and a return on equity of 8.51%. As a group, analysts anticipate that Eni SpA will post 2.31 EPS for the current fiscal year.
The business also recently announced a — dividend, which will be paid on Thursday, October 10th. Stockholders of record on Tuesday, September 24th will be given a dividend of $0.9545 per share. The ex-dividend date is Monday, September 23rd. This represents a dividend yield of 4.6%. ENI’s payout ratio is 44.00%.
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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