Industry News

Envestnet Asset Management Inc. Grows Position in Eni SpA (NYSE:E)

By August 30, 2019 No Comments

Envestnet Asset Management Inc. increased its position in shares of Eni SpA (NYSE:E) by 18.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,803 shares of the oil and gas exploration company’s stock after buying an additional 16,846 shares during the period. Envestnet Asset Management Inc.’s holdings in ENI were worth $3,627,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC increased its stake in ENI by 19.9% in the first quarter. Global Retirement Partners LLC now owns 2,168 shares of the oil and gas exploration company’s stock valued at $76,000 after purchasing an additional 360 shares during the last quarter. Lindbrook Capital LLC increased its stake in ENI by 40.9% in the second quarter. Lindbrook Capital LLC now owns 2,901 shares of the oil and gas exploration company’s stock valued at $95,000 after purchasing an additional 842 shares during the last quarter. Parallel Advisors LLC increased its stake in ENI by 77.9% in the first quarter. Parallel Advisors LLC now owns 5,219 shares of the oil and gas exploration company’s stock valued at $184,000 after purchasing an additional 2,286 shares during the last quarter. We Are One Seven LLC increased its stake in ENI by 4.2% in the second quarter. We Are One Seven LLC now owns 7,764 shares of the oil and gas exploration company’s stock valued at $256,000 after purchasing an additional 315 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in ENI by 41.4% in the first quarter. Rehmann Capital Advisory Group now owns 8,061 shares of the oil and gas exploration company’s stock valued at $284,000 after purchasing an additional 2,360 shares during the last quarter. Institutional investors own 1.66% of the company’s stock.

Shares of ENI stock opened at $29.58 on Thursday. The firm has a market capitalization of $53.26 billion, a P/E ratio of 10.28, a P/E/G ratio of 3.71 and a beta of 0.71. Eni SpA has a 52 week low of $28.54 and a 52 week high of $39.16. The company has a quick ratio of 1.17, a current ratio of 1.32 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $30.76 and its two-hundred day moving average is $32.86.

ENI (NYSE:E) last announced its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.29). The business had revenue of $21.16 billion for the quarter. ENI had a return on equity of 8.42% and a net margin of 4.59%. As a group, research analysts expect that Eni SpA will post 2.31 earnings per share for the current fiscal year.

The firm 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 of this dividend is Monday, September 23rd. This represents a dividend yield of 4.6%. ENI’s dividend payout ratio (DPR) is presently 44.00%.

Several equities analysts have commented on E shares. Citigroup lowered shares of ENI from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 7th. Santander upgraded shares of ENI from a “hold” rating to a “buy” rating in a research note on Monday, June 17th. Finally, Zacks Investment Research upgraded shares of ENI from a “strong sell” rating to a “hold” rating and set a $27.00 price target on the stock in a research note on Thursday, July 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $22.00.

ENI 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.

Further Reading: Death Cross

Institutional Ownership by Quarter for ENI (NYSE:E)

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