Geode Capital Management LLC lifted its stake in ENI S.p.A. (NYSE:E) by 31.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,051 shares of the oil and gas exploration company’s stock after purchasing an additional 6,649 shares during the period. Geode Capital Management LLC’s holdings in ENI S.p.A. were worth $918,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. M&T Bank Corp increased its holdings in ENI S.p.A. by 2.0% during the 1st quarter. M&T Bank Corp now owns 22,159 shares of the oil and gas exploration company’s stock valued at $725,000 after acquiring an additional 437 shares in the last quarter. Sei Investments Co. increased its holdings in ENI S.p.A. by 35.5% during the 1st quarter. Sei Investments Co. now owns 4,249 shares of the oil and gas exploration company’s stock valued at $139,000 after acquiring an additional 1,114 shares in the last quarter. Comerica Bank increased its holdings in ENI S.p.A. by 1.1% during the 1st quarter. Comerica Bank now owns 107,031 shares of the oil and gas exploration company’s stock valued at $3,343,000 after acquiring an additional 1,118 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in ENI S.p.A. by 18.1% during the 1st quarter. Eagle Asset Management Inc. now owns 9,094 shares of the oil and gas exploration company’s stock valued at $297,000 after acquiring an additional 1,394 shares in the last quarter. Finally, US Bancorp DE increased its holdings in ENI S.p.A. by 38.0% during the 1st quarter. US Bancorp DE now owns 7,523 shares of the oil and gas exploration company’s stock valued at $246,000 after acquiring an additional 2,072 shares in the last quarter. Hedge funds and other institutional investors own 1.66% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of ENI S.p.A. from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Macquarie cut shares of ENI S.p.A. from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 21st. Societe Generale raised shares of ENI S.p.A. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Exane BNP Paribas cut shares of ENI S.p.A. from a “neutral” rating to an “underperform” rating in a research report on Friday, May 26th. Finally, Barclays PLC lowered shares of ENI S.p.A. from an “equal weight” rating to an “underweight” rating and set a $16.00 price target for the company. in a research note on Monday, August 21st. Six investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. ENI S.p.A. currently has a consensus rating of “Hold” and a consensus target price of $26.00.
Shares of ENI S.p.A. (NYSE E) opened at 32.98 on Friday. The company has a 50-day moving average of $31.81 and a 200 day moving average of $31.60. ENI S.p.A. has a 12-month low of $26.15 and a 12-month high of $34.62. The firm has a market cap of $60.04 billion, a P/E ratio of 65.70 and a beta of 0.75.
ENI S.p.A. (NYSE:E) last announced its quarterly earnings results on Friday, July 28th. The oil and gas exploration company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.18. The business had revenue of $17.20 billion for the quarter. ENI S.p.A. had a return on equity of 2.23% and a net margin of 1.14%. Equities analysts predict that ENI S.p.A. will post $2.29 EPS for the current year.
The business also recently announced a None dividend, which will be paid on Friday, October 6th. Stockholders of record on Tuesday, September 19th will be issued a $0.676 dividend. The ex-dividend date is Monday, September 18th. This represents a dividend yield of 5.86%. ENI S.p.A.’s dividend payout ratio is presently 317.08%.
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About ENI S.p.A.
Eni SpA (Eni) is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading.
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