Envestnet Asset Management Inc. boosted its holdings in Eni SpA (NYSE:E) by 18.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,803 shares of the oil and gas exploration company’s stock after purchasing an additional 16,846 shares during the period. Envestnet Asset Management Inc.’s holdings in ENI were worth $3,627,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC raised its stake in shares of ENI by 39.7% in the second quarter. Fisher Asset Management LLC now owns 1,490,039 shares of the oil and gas exploration company’s stock valued at $49,216,000 after buying an additional 423,522 shares during the period. Todd Asset Management LLC increased its stake in ENI by 19.7% in the 1st quarter. Todd Asset Management LLC now owns 729,172 shares of the oil and gas exploration company’s stock worth $25,696,000 after acquiring an additional 119,956 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in ENI in the 1st quarter worth about $3,205,000. Renaissance Group LLC increased its stake in ENI by 24.1% in the 1st quarter. Renaissance Group LLC now owns 442,157 shares of the oil and gas exploration company’s stock worth $15,582,000 after acquiring an additional 85,869 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in ENI by 282.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 55,221 shares of the oil and gas exploration company’s stock worth $1,946,000 after acquiring an additional 40,790 shares during the last quarter. 1.66% of the stock is currently owned by institutional investors and hedge funds.
NYSE E traded up $0.20 on Thursday, hitting $30.43. The company’s stock had a trading volume of 68,597 shares, compared to its average volume of 224,636. Eni SpA has a 52-week low of $28.54 and a 52-week high of $39.16. The company has a current ratio of 1.32, a quick ratio of 1.17 and a debt-to-equity ratio of 0.46. The company’s 50-day simple moving average is $30.33 and its 200 day simple moving average is $32.74. The firm has a market cap of $54.49 billion, a P/E ratio of 10.14, a PEG ratio of 3.79 and a beta of 0.74.
ENI (NYSE:E) last issued its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.29). ENI had a net margin of 4.59% and a return on equity of 8.42%. The business had revenue of $21.16 billion for the quarter. On average, research analysts forecast that Eni SpA will post 2.31 EPS for the current fiscal year.
The firm also recently declared a — dividend, which will be paid on Thursday, October 10th. Shareholders of record on Tuesday, September 24th will be given a $0.9545 dividend. The ex-dividend date is Monday, September 23rd. This represents a yield of 4.6%. ENI’s dividend payout ratio is presently 44.00%.
A number of research firms have recently issued reports on E. Santander upgraded ENI from a “hold” rating to a “buy” rating in a report on Monday, June 17th. Credit Suisse Group cut ENI from an “outperform” rating to a “neutral” rating in a report on Wednesday. Finally, Zacks Investment Research upgraded ENI from a “strong sell” rating to a “hold” rating and set a $27.00 target price for the company in a report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.00.
ENI Company Profile
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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