Vanguard Personalized Indexing Management LLC lifted its stake in Eni S.p.A. (NYSE:E – Free Report) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,294 shares of the oil and gas exploration company’s stock after purchasing an additional 1,678 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in ENI were worth $960,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in E. Allworth Financial LP lifted its stake in ENI by 54.8% during the first quarter. Allworth Financial LP now owns 1,263 shares of the oil and gas exploration company’s stock valued at $35,000 after buying an additional 447 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in ENI in the fourth quarter worth approximately $38,000. Belpointe Asset Management LLC bought a new stake in ENI during the fourth quarter worth approximately $55,000. Spire Wealth Management boosted its position in shares of ENI by 151.8% in the first quarter. Spire Wealth Management now owns 1,934 shares of the oil and gas exploration company’s stock valued at $54,000 after acquiring an additional 1,166 shares during the period. Finally, Global Retirement Partners LLC lifted its position in ENI by 45.2% in the first quarter. Global Retirement Partners LLC now owns 2,080 shares of the oil and gas exploration company’s stock worth $60,000 after purchasing an additional 647 shares during the period. 1.37% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
E has been the subject of a number of research reports. StockNews.com initiated coverage on ENI in a research note on Thursday, August 17th. They issued a “buy” rating for the company. HSBC cut ENI from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.40.
ENI Stock Down 0.7 %
Shares of ENI stock opened at $30.46 on Friday. The business’s 50 day simple moving average is $29.67 and its 200 day simple moving average is $29.18. Eni S.p.A. has a 52-week low of $20.38 and a 52-week high of $32.21. The firm has a market cap of $54.39 billion, a PE ratio of 5.61 and a beta of 1.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.26 and a current ratio of 1.44.
ENI (NYSE:E – Get Free Report) last released its quarterly earnings data on Friday, July 28th. The oil and gas exploration company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.15 by $0.09. ENI had a return on equity of 19.54% and a net margin of 7.73%. The company had revenue of $21.57 billion during the quarter. On average, analysts predict that Eni S.p.A. will post 5.19 earnings per share for the current fiscal year.
ENI Increases Dividend
The business also recently disclosed a — dividend, which will be paid on Friday, October 6th. Stockholders of record on Tuesday, September 19th will be given a dividend of $0.4725 per share. This represents a dividend yield of 4.5%. This is an increase from ENI’s previous — dividend of $0.47. The ex-dividend date is Monday, September 18th. ENI’s dividend payout ratio (DPR) is 27.07%.
About ENI
Eni S.p.A. operates as an integrated energy company worldwide. It 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. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.
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