World Asset Management Inc reduced its holdings in shares of Eni SpA (NYSE:E) by 15.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,236 shares of the oil and gas exploration company’s stock after selling 8,239 shares during the quarter. World Asset Management Inc’s holdings in ENI were worth $1,741,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Signaturefd LLC raised its position in ENI by 34.1% in the second quarter. Signaturefd LLC now owns 6,880 shares of the oil and gas exploration company’s stock valued at $255,000 after purchasing an additional 1,749 shares during the last quarter. Greenleaf Trust raised its position in ENI by 16.7% in the second quarter. Greenleaf Trust now owns 14,182 shares of the oil and gas exploration company’s stock valued at $526,000 after purchasing an additional 2,025 shares during the last quarter. AMG National Trust Bank raised its position in ENI by 2.2% in the second quarter. AMG National Trust Bank now owns 93,852 shares of the oil and gas exploration company’s stock valued at $3,484,000 after purchasing an additional 2,055 shares during the last quarter. Rehmann Capital Advisory Group raised its position in ENI by 33.6% in the second quarter. Rehmann Capital Advisory Group now owns 9,087 shares of the oil and gas exploration company’s stock valued at $337,000 after purchasing an additional 2,287 shares during the last quarter. Finally, Stifel Financial Corp raised its position in ENI by 3.7% in the first quarter. Stifel Financial Corp now owns 73,350 shares of the oil and gas exploration company’s stock valued at $2,589,000 after purchasing an additional 2,605 shares during the last quarter. Institutional investors and hedge funds own 1.59% of the company’s stock.
ENI stock opened at $36.14 on Friday. Eni SpA has a 12 month low of $31.58 and a 12 month high of $40.15. The company has a quick ratio of 1.23, a current ratio of 1.41 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $68.43 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 0.80 and a beta of 0.81.
ENI (NYSE:E) last issued its quarterly earnings data on Friday, July 27th. The oil and gas exploration company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.16). ENI had a return on equity of 6.18% and a net margin of 6.31%. The company had revenue of $22.48 billion for the quarter. On average, research analysts anticipate that Eni SpA will post 2.59 EPS for the current year.
The business also recently disclosed a semiannual dividend, which was paid on Thursday, October 11th. Stockholders of record on Tuesday, September 25th were given a dividend of $0.9783 per share. This represents a dividend yield of 5.33%. This is an increase from ENI’s previous semiannual dividend of $0.64. The ex-dividend date of this dividend was Monday, September 24th. ENI’s dividend payout ratio (DPR) is 92.72%.
Several equities analysts have commented on E shares. Barclays downgraded ENI from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, September 11th. Berenberg Bank started coverage on ENI in a research report on Tuesday, September 11th. They issued a “hold” rating for the company. Bank of America upgraded ENI from a “neutral” rating to a “buy” rating in a research report on Friday, October 5th. Credit Suisse Group upgraded ENI from a “neutral” rating to an “outperform” rating in a research report on Thursday, July 19th. Finally, JPMorgan Chase & Co. reiterated a “sell” rating on shares of ENI in a research report on Tuesday, August 7th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $37.62.
Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 46 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Indonesia, Ghana, and Mozambique.
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