Sagespring Wealth Partners LLC Makes New $221,000 Investment in Eni SpA $E

Sagespring Wealth Partners LLC purchased a new position in Eni SpA (NYSE:E) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 6,817 shares of the oil and gas exploration company’s stock, valued at approximately $221,000.

Several other institutional investors also recently added to or reduced their stakes in E. Natixis Advisors LLC increased its position in ENI by 21.9% in the 1st quarter. Natixis Advisors LLC now owns 2,779,073 shares of the oil and gas exploration company’s stock worth $85,957,000 after buying an additional 500,039 shares during the period. Cambiar Investors LLC grew its holdings in shares of ENI by 1,165.9% during the 1st quarter. Cambiar Investors LLC now owns 179,182 shares of the oil and gas exploration company’s stock worth $5,542,000 after purchasing an additional 165,027 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of ENI by 44.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 405,655 shares of the oil and gas exploration company’s stock worth $12,547,000 after purchasing an additional 125,413 shares in the last quarter. Meritage Portfolio Management grew its holdings in shares of ENI by 102.9% during the 1st quarter. Meritage Portfolio Management now owns 150,200 shares of the oil and gas exploration company’s stock worth $4,646,000 after purchasing an additional 76,170 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of ENI by 9.1% during the 1st quarter. Northern Trust Corp now owns 801,152 shares of the oil and gas exploration company’s stock worth $24,780,000 after purchasing an additional 66,784 shares in the last quarter. 1.18% of the stock is owned by institutional investors.

ENI Trading Up 1.6%

Shares of E opened at $34.76 on Friday. The stock has a fifty day moving average price of $35.10 and a two-hundred day moving average price of $32.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.18. Eni SpA has a 52-week low of $24.65 and a 52-week high of $36.05. The company has a market cap of $58.68 billion, a price-to-earnings ratio of 21.46 and a beta of 0.90.

ENI (NYSE:E) last issued its quarterly earnings data on Friday, July 25th. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. ENI had a return on equity of 8.53% and a net margin of 2.84%.The firm had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $23.54 billion. Analysts predict that Eni SpA will post 3.74 EPS for the current fiscal year.

ENI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th will be given a $0.5814 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $2.33 annualized dividend and a yield of 6.7%. ENI’s payout ratio is presently 104.32%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on E. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a report on Wednesday, October 8th. Morgan Stanley set a $34.60 price objective on ENI in a report on Wednesday, September 3rd. Royal Bank Of Canada lowered ENI from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 2nd. Jefferies Financial Group raised ENI to a “strong-buy” rating in a report on Friday, October 10th. Finally, Citigroup reissued a “neutral” rating on shares of ENI in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.60.

ENI Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.