Diversify Advisory Services LLC Acquires New Holdings in Eni S.p.A. (NYSE:E)

Diversify Advisory Services LLC acquired a new stake in Eni S.p.A. (NYSE:E) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 15,979 shares of the oil and gas exploration company’s stock, valued at approximately $509,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in shares of ENI by 5.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9,101 shares of the oil and gas exploration company’s stock worth $310,000 after purchasing an additional 439 shares in the last quarter. Private Advisor Group LLC grew its holdings in ENI by 3.5% in the 4th quarter. Private Advisor Group LLC now owns 13,852 shares of the oil and gas exploration company’s stock valued at $471,000 after buying an additional 466 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in ENI by 1.6% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 35,020 shares of the oil and gas exploration company’s stock valued at $1,191,000 after buying an additional 542 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in ENI by 102.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock valued at $45,000 after buying an additional 669 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of ENI by 4.6% during the 4th quarter. Quadrant Capital Group LLC now owns 16,142 shares of the oil and gas exploration company’s stock worth $549,000 after purchasing an additional 705 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Stock Up 0.2 %

ENI stock traded up $0.06 during mid-day trading on Friday, reaching $31.26. The stock had a trading volume of 111,972 shares, compared to its average volume of 438,921. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.24. Eni S.p.A. has a fifty-two week low of $28.19 and a fifty-two week high of $34.30. The stock’s 50-day simple moving average is $31.12 and its 200-day simple moving average is $31.80. The firm has a market capitalization of $52.77 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96.

ENI (NYSE:E) last announced its earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.18). The company had revenue of $25.16 billion for the quarter, compared to analysts’ expectations of $18.83 billion. ENI had a net margin of 3.95% and a return on equity of 12.57%. On average, sell-side analysts forecast that Eni S.p.A. will post 3.92 EPS for the current fiscal year.

ENI Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Tuesday, September 24th will be paid a $0.372 dividend. The ex-dividend date of this dividend is Tuesday, September 24th. This is a positive change from ENI’s previous quarterly dividend of $0.35. This represents a $1.49 annualized dividend and a dividend yield of 4.76%. ENI’s payout ratio is presently 60.34%.

Analysts Set New Price Targets

Several analysts recently weighed in on E shares. Morgan Stanley started coverage on ENI in a research report on Wednesday. They set an “equal weight” rating for the company. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Berenberg Bank downgraded ENI from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, Redburn Atlantic upgraded ENI from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

ENI Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.