Ativo Capital Management LLC Sells 953 Shares of Eni SpA $E

Ativo Capital Management LLC lessened its stake in Eni SpA (NYSE:E) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,566 shares of the oil and gas exploration company’s stock after selling 953 shares during the quarter. Ativo Capital Management LLC’s holdings in ENI were worth $1,153,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its holdings in ENI by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company’s stock worth $37,000 after acquiring an additional 601 shares during the period. Brooklyn Investment Group bought a new stake in ENI during the first quarter worth $54,000. SVB Wealth LLC bought a new stake in ENI during the first quarter worth $78,000. GAMMA Investing LLC lifted its holdings in ENI by 76.8% during the first quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company’s stock worth $104,000 after acquiring an additional 1,467 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in ENI by 45.4% during the first quarter. Bessemer Group Inc. now owns 3,405 shares of the oil and gas exploration company’s stock worth $106,000 after acquiring an additional 1,063 shares during the period. Institutional investors own 1.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on E. Citigroup reiterated a “neutral” rating on shares of ENI in a report on Monday. Royal Bank Of Canada lowered shares of ENI from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 2nd. Zacks Research lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research note on Wednesday, October 8th. Finally, Morgan Stanley set a $34.60 target price on ENI in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $34.60.

ENI Stock Performance

Shares of E opened at $34.63 on Tuesday. The firm has a market cap of $58.45 billion, a PE ratio of 21.37 and a beta of 0.90. The stock’s fifty day moving average price is $35.10 and its two-hundred day moving average price is $32.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.18 and a quick ratio of 1.02. Eni SpA has a 1 year low of $24.65 and a 1 year high of $36.05.

ENI (NYSE:E) last issued its earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $23.54 billion. ENI had a return on equity of 8.53% and a net margin of 2.84%. On average, equities research analysts forecast that Eni SpA will post 3.74 EPS for the current year.

ENI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th will be given a $0.5814 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $2.33 annualized dividend and a dividend yield of 6.7%. ENI’s payout ratio is 104.32%.

ENI Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.