Moneco Advisors LLC purchased a new stake in Eni SpA (NYSE:E – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 74,348 shares of the oil and gas exploration company’s stock, valued at approximately $2,821,000.
A number of other institutional investors have also recently added to or reduced their stakes in E. Royal Bank of Canada grew its stake in ENI by 2.1% in the 1st quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock valued at $2,141,000 after acquiring an additional 1,420 shares during the period. AQR Capital Management LLC grew its stake in ENI by 3.4% in the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after acquiring an additional 495 shares during the period. Cetera Investment Advisers lifted its holdings in ENI by 8.4% in the 2nd quarter. Cetera Investment Advisers now owns 11,232 shares of the oil and gas exploration company’s stock valued at $364,000 after purchasing an additional 870 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in ENI by 60.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 45,348 shares of the oil and gas exploration company’s stock valued at $1,470,000 after purchasing an additional 17,133 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in ENI by 60.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 15,437 shares of the oil and gas exploration company’s stock valued at $500,000 after purchasing an additional 5,831 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.
ENI Stock Down 0.6%
NYSE E opened at $55.48 on Thursday. Eni SpA has a 52 week low of $28.78 and a 52 week high of $58.00. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 0.40. The business’s fifty day simple moving average is $53.61 and its 200-day simple moving average is $44.24. The firm has a market cap of $93.65 billion, a PE ratio of 31.89, a P/E/G ratio of 0.23 and a beta of 0.41.
ENI Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th will be issued a dividend of $0.6313 per share. The ex-dividend date is Tuesday, May 19th. This represents a $2.53 annualized dividend and a dividend yield of 4.6%. This is a boost from ENI’s previous quarterly dividend of $0.61. ENI’s payout ratio is presently 95.40%.
Analysts Set New Price Targets
A number of research analysts have weighed in on E shares. Dbs Bank upgraded ENI from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 28th. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a report on Monday, April 20th. Royal Bank Of Canada raised their price objective on ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, April 9th. Zacks Research upgraded ENI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Finally, BNP Paribas Exane upgraded ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective on the stock in a report on Friday, April 17th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, ENI presently has an average rating of “Moderate Buy” and an average price target of $42.30.
Get Our Latest Stock Report on E
About ENI
ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.
Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.
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