7 hours Ago By Defense World Staff
Russell Investments Group Ltd. reduced its holdings in shares of Eni S.p.
A. (NYSE:E – Free Report) by 87.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 7,165 shares of the oil and gas exploration company’s stock after selling 48,825 shares during the quarter. Russell Investments Group Ltd.’s holdings in ENI were worth $196,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP boosted its position in ENI by 30.5% during the fourth quarter.
Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock valued at $70,000 after purchasing an additional 581 shares during the last quarter. R Squared Ltd bought a new position in shares of ENI in the fourth quarter valued at $103,000. Jones Financial Companies Lllp increased its holdings in ENI by 93.
4% during the fourth quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company’s stock worth $122,000 after buying an additional 2,149 shares during the last quarter. Envestnet Portfolio Solutions Inc.
raised its position in ENI by 7.1% during the fourth quarter. Envestnet Portfolio Solutions Inc.
now owns 7,341 shares of the oil and gas exploration company’s stock worth $201,000 after acquiring an additional 484 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in ENI in the fourth quarter valued at $216,000. 1.
18% of the stock is currently owned by institutional investors and hedge funds. ENI Stock PerformanceNYSE:E opened at $29.00 on Friday.
The company has a market cap of $48.95 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.
86 and a beta of 0.73. Eni S.
p.A. has a fifty-two week low of $24.
65 and a fifty-two week high of $33.12. The company has a debt-to-equity ratio of 0.
41, a quick ratio of 1.07 and a current ratio of 1.27.
The stock has a fifty day moving average price of $29.00 and a 200-day moving average price of $28.88.
ENI (NYSE:E – Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.
91 by $0.01. ENI had a net margin of 2.
76% and a return on equity of 11.03%. The business had revenue of $25.
61 billion during the quarter, compared to analysts’ expectations of $25.52 billion. As a group, equities analysts anticipate that Eni S.
p.A. will post 3.
74 EPS for the current fiscal year. ENI Increases DividendThe company also recently disclosed a — dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.
5391 per share. This is an increase from ENI’s previous — dividend of $0.35.
This represents a yield of 5.5%. The ex-dividend date is Tuesday, May 20th.
ENI’s payout ratio is currently 87.72%. Analyst Upgrades and DowngradesA number of equities research analysts have recently issued reports on the stock.
UBS Group cut shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.
Redburn Atlantic cut shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday. Morgan Stanley restated an “equal weight” rating and set a $31.60 price objective (down from $37.
50) on shares of ENI in a research report on Tuesday, January 7th. Finally, Citigroup reaffirmed a “neutral” rating on shares of ENI in a research report on Friday. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock.
According to data from MarketBeat, ENI presently has a consensus rating of “Hold” and an average price target of $31.60.Read Our Latest Stock Report on EAbout ENI (Free Report)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.Read MoreFive stocks we like better than ENIUptrend Stocks Explained: Learn How to Trade Using UptrendsShort Sellers Gave Up on These 3 Names RecentlyStock Trading Terms – Stock Terms Every Investor Needs to Know3 Boring Stocks Outperforming the Market This YearWhat Does a Stock Split Mean? If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To BuyWant to see what other hedge funds are holding E? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eni S.
p.A. (NYSE:E – Free Report).
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