15,097 Shares in Eni SpA $E Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC purchased a new position in Eni SpA (NYSE:E) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,097 shares of the oil and gas exploration company’s stock, valued at approximately $820,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership bought a new stake in shares of ENI during the first quarter valued at approximately $63,334,000. Quantinno Capital Management LP boosted its position in shares of ENI by 13.2% during the first quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company’s stock worth $25,698,000 after acquiring an additional 52,901 shares during the last quarter. QRG Capital Management Inc. grew its stake in ENI by 8.4% during the second quarter. QRG Capital Management Inc. now owns 144,171 shares of the oil and gas exploration company’s stock valued at $6,756,000 after acquiring an additional 11,136 shares in the last quarter. Optiver Holding B.V. purchased a new position in ENI during the first quarter valued at $6,586,000. Finally, TD Waterhouse Canada Inc. purchased a new position in ENI during the third quarter valued at $4,222,000. Institutional investors own 1.18% of the company’s stock.

ENI Stock Down 3.1%

NYSE E opened at $56.53 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.18. The company has a market capitalization of $95.42 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.18 and a beta of 0.41. Eni SpA has a one year low of $36.13 and a one year high of $62.16. The stock has a 50 day moving average price of $56.28 and a 200-day moving average price of $52.05.

ENI (NYSE:E) last posted its earnings results on Saturday, October 24th. The oil and gas exploration company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.26. ENI had a net margin of 8.78% and a return on equity of 13.84%. The firm had revenue of $29.49 billion during the quarter, compared to analyst estimates of $25.89 billion. As a group, equities analysts predict that Eni SpA will post 6.65 EPS for the current fiscal year.

ENI Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Tuesday, November 24th will be given a dividend of $0.6335 per share. This represents a $2.53 annualized dividend and a yield of 4.5%. This is an increase from ENI’s previous quarterly dividend of $0.6276. The ex-dividend date is Tuesday, November 24th. ENI’s dividend payout ratio (DPR) is 28.92%.

Analysts Set New Price Targets

E has been the topic of a number of research reports. Santander downgraded shares of ENI to a “neutral” rating in a report on Monday, October 26th. Berenberg Bank increased their price objective on shares of ENI from $51.00 to $59.50 and gave the company a “hold” rating in a report on Thursday, August 20th. The Goldman Sachs Group restated a “buy” rating on shares of ENI in a research report on Friday, September 11th. HSBC restated a “hold” rating on shares of ENI in a research report on Friday, September 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a report on Sunday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, ENI currently has an average rating of “Moderate Buy” and a consensus price target of $58.45.

About ENI

Eni S.p.A. is an integrated energy company headquartered in Rome, Italy. Founded in 1953, the company operates across the energy value chain, with activities spanning exploration and production, natural gas, liquefied natural gas, refining, chemicals, and energy-related services.

Eni explores for and produces oil and natural gas in several regions, including Europe, Africa, the Middle East, Asia, and the Americas. Through its downstream businesses, the company processes and markets fuels, develops chemical products, and supplies natural gas and electricity.