Bank of New York Mellon Corp Sells 8,549 Shares of Eni SpA (NYSE:E)

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Bank of New York Mellon Corp lessened its position in Eni SpA (NYSE:E) by 25.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,229 shares of the oil and gas exploration company’s stock after selling 8,549 shares during the period. Bank of New York Mellon Corp’s holdings in ENI were worth $833,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC increased its holdings in ENI by 40.9% during the second quarter. Lindbrook Capital LLC now owns 2,901 shares of the oil and gas exploration company’s stock valued at $95,000 after buying an additional 842 shares during the last quarter. Fortem Financial Group LLC bought a new position in shares of ENI during the second quarter worth $209,000. We Are One Seven LLC boosted its position in shares of ENI by 4.2% during the second quarter. We Are One Seven LLC now owns 7,764 shares of the oil and gas exploration company’s stock worth $256,000 after acquiring an additional 315 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of ENI by 41.4% during the first quarter. Rehmann Capital Advisory Group now owns 8,061 shares of the oil and gas exploration company’s stock worth $284,000 after acquiring an additional 2,360 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of ENI by 5.6% during the second quarter. Quadrant Capital Group LLC now owns 12,052 shares of the oil and gas exploration company’s stock worth $387,000 after acquiring an additional 642 shares during the last quarter. Institutional investors own 1.57% of the company’s stock.

Shares of NYSE:E opened at $30.41 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.16 and a current ratio of 1.30. The firm has a fifty day moving average price of $30.33 and a 200 day moving average price of $32.00. Eni SpA has a fifty-two week low of $28.54 and a fifty-two week high of $36.74. The firm has a market cap of $53.59 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 3.73 and a beta of 0.74.

ENI (NYSE:E) last issued its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.29). ENI had a return on equity of 8.51% and a net margin of 4.59%. The company had revenue of $21.16 billion for the quarter. As a group, research analysts predict that Eni SpA will post 2.31 earnings per share for the current year.

The firm also recently disclosed a — dividend, which was paid on Thursday, October 10th. Shareholders of record on Tuesday, September 24th were given a dividend of $0.9545 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a yield of 4.6%. ENI’s dividend payout ratio (DPR) is currently 45.00%.

A number of equities analysts recently weighed in on E shares. Credit Suisse Group lowered shares of ENI from an “outperform” rating to a “neutral” rating and set a $18.00 target price for the company. in a research report on Wednesday, September 4th. Kepler Capital Markets restated a “buy” rating on shares of ENI in a research report on Monday, September 16th. Zacks Investment Research upgraded shares of ENI from a “strong sell” rating to a “hold” rating and set a $27.00 target price for the company in a research report on Thursday, July 18th. Berenberg Bank lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. started coverage on shares of ENI in a research report on Monday, September 16th. They set an “underweight” rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.67.

ENI Profile

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.

See Also: Balanced Fund

Institutional Ownership by Quarter for ENI (NYSE:E)

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