Eni SpA $E Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in Eni SpA (NYSE:E) by 16,704.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,422 shares of the oil and gas exploration company’s stock after buying an additional 91,872 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ENI were worth $3,506,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Natixis Advisors LLC increased its position in ENI by 6.6% in the third quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after buying an additional 192,646 shares during the period. American Century Companies Inc. increased its position in ENI by 33.2% in the third quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock worth $22,259,000 after buying an additional 158,699 shares during the period. Massachusetts Financial Services Co. MA increased its position in ENI by 8.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 589,265 shares of the oil and gas exploration company’s stock worth $22,357,000 after buying an additional 44,588 shares during the period. Raymond James Financial Inc. grew its stake in shares of ENI by 6.3% in the third quarter. Raymond James Financial Inc. now owns 541,031 shares of the oil and gas exploration company’s stock worth $18,909,000 after purchasing an additional 32,107 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of ENI by 3.6% in the fourth quarter. UBS Group AG now owns 235,346 shares of the oil and gas exploration company’s stock worth $8,929,000 after purchasing an additional 8,082 shares in the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on E. Zacks Research raised ENI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Erste Group Bank raised ENI to a “strong-buy” rating in a research note on Wednesday, February 18th. BNP Paribas Exane raised ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price target for the company in a research note on Friday, April 17th. Wall Street Zen cut ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Rothschild & Co Redburn raised ENI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, ENI has a consensus rating of “Moderate Buy” and a consensus target price of $42.30.

ENI Trading Down 0.0%

NYSE:E opened at $54.37 on Monday. Eni SpA has a 1 year low of $28.78 and a 1 year high of $58.00. The stock has a market cap of $91.77 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 0.23 and a beta of 0.41. The business has a fifty day moving average of $54.68 and a 200-day moving average of $45.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16.

ENI (NYSE:E) last announced its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%.The business had revenue of $23.22 billion during the quarter. Equities analysts predict that Eni SpA will post 6.08 earnings per share for the current year.

ENI Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.6313 per share. This is an increase from ENI’s previous quarterly dividend of $0.61. This represents a $2.53 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, May 19th. ENI’s dividend payout ratio (DPR) is 100.57%.

ENI Company Profile

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.