MGO One Seven LLC Invests $467,000 in Eni SpA $E

MGO One Seven LLC acquired a new position in Eni SpA (NYSE:E) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,394 shares of the oil and gas exploration company’s stock, valued at approximately $467,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in E. Golden State Wealth Management LLC raised its holdings in ENI by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company’s stock worth $37,000 after purchasing an additional 601 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of ENI during the first quarter worth $54,000. SVB Wealth LLC bought a new position in ENI during the first quarter worth $78,000. GAMMA Investing LLC lifted its holdings in ENI by 76.8% in the first quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company’s stock valued at $104,000 after buying an additional 1,467 shares during the period. Finally, Bessemer Group Inc. boosted its position in ENI by 45.4% during the first quarter. Bessemer Group Inc. now owns 3,405 shares of the oil and gas exploration company’s stock valued at $106,000 after acquiring an additional 1,063 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Trading Up 1.6%

Shares of ENI stock opened at $34.76 on Friday. The stock has a market capitalization of $58.68 billion, a PE ratio of 21.46 and a beta of 0.90. Eni SpA has a 52 week low of $24.65 and a 52 week high of $36.05. The stock has a 50 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 (NYSE:E) last issued its earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. ENI had a return on equity of 8.53% and a net margin of 2.84%.The company had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $23.54 billion. As a group, equities analysts anticipate that Eni SpA will post 3.74 earnings per share for the current fiscal year.

ENI Dividend Announcement

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

Analyst Ratings Changes

E has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a research report on Wednesday, October 8th. Citigroup reiterated a “neutral” rating on shares of ENI in a report on Monday, October 13th. Jefferies Financial Group upgraded ENI to a “strong-buy” rating in a report on Friday, October 10th. Morgan Stanley set a $34.60 price objective on shares of ENI in a research note on Wednesday, September 3rd. Finally, Zacks Research lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, ENI has a consensus rating of “Hold” and an average price target 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.