Redhawk Wealth Advisors Inc. Acquires New Shares in Eni SpA $E

Redhawk Wealth Advisors Inc. bought a new position in shares of Eni SpA (NYSE:E) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,335 shares of the oil and gas exploration company’s stock, valued at approximately $923,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MAI Capital Management grew its holdings in shares of ENI by 2,488.4% during the 2nd quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock valued at $36,000 after purchasing an additional 1,070 shares during the last quarter. Advisory Services Network LLC bought a new position in ENI in the 3rd quarter valued at approximately $47,000. CIBC Private Wealth Group LLC acquired a new stake in ENI in the third quarter valued at approximately $48,000. Larson Financial Group LLC grew its stake in shares of ENI by 37.5% during the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock worth $48,000 after buying an additional 378 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of ENI by 84.0% during the third quarter. Farther Finance Advisors LLC now owns 1,525 shares of the oil and gas exploration company’s stock worth $53,000 after buying an additional 696 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Stock Performance

Shares of ENI stock opened at $55.16 on Monday. The stock has a market cap of $93.11 billion, a price-to-earnings ratio of 32.45 and a beta of 0.57. Eni SpA has a twelve month low of $24.65 and a twelve month high of $55.38. The company’s fifty day moving average is $45.71 and its 200 day moving average is $39.86. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 0.38.

ENI (NYSE:E) last announced its earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 EPS for the quarter. ENI had a return on equity of 9.27% and a net margin of 3.07%.The firm had revenue of $24.64 billion for the quarter. Sell-side analysts forecast that Eni SpA will post 3.74 EPS for the current year.

ENI Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Tuesday, March 24th will be paid a $0.6137 dividend. This is an increase from ENI’s previous quarterly dividend of $0.58. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, March 24th. ENI’s payout ratio is presently 99.41%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on E shares. Wall Street Zen cut ENI from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays reaffirmed an “overweight” rating on shares of ENI in a report on Friday, December 12th. JPMorgan Chase & Co. upgraded ENI from an “underweight” rating to an “overweight” rating in a research report on Monday, March 2nd. Zacks Research raised ENI from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of ENI in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, ENI has a consensus rating of “Moderate Buy” and an average target price of $34.60.

ENI Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.