Envestnet Asset Management Inc. Has $4.77 Million Stock Position in Eni SpA $E

Envestnet Asset Management Inc. cut its position in Eni SpA (NYSE:E) by 12.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 146,962 shares of the oil and gas exploration company’s stock after selling 20,758 shares during the quarter. Envestnet Asset Management Inc.’s holdings in ENI were worth $4,765,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in E. Nisa Investment Advisors LLC grew its stake in ENI by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company’s stock valued at $49,000 after acquiring an additional 750 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of ENI by 3.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,284 shares of the oil and gas exploration company’s stock worth $366,000 after purchasing an additional 326 shares in the last quarter. Bleakley Financial Group LLC grew its position in ENI by 16.2% in the 2nd quarter. Bleakley Financial Group LLC now owns 23,292 shares of the oil and gas exploration company’s stock valued at $755,000 after purchasing an additional 3,241 shares during the period. Ritholtz Wealth Management increased its stake in ENI by 64.8% during the 2nd quarter. Ritholtz Wealth Management now owns 21,216 shares of the oil and gas exploration company’s stock valued at $688,000 after purchasing an additional 8,343 shares in the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new position in ENI during the second quarter worth $221,000. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Stock Performance

E stock opened at $38.01 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.37. The firm has a market cap of $64.15 billion, a PE ratio of 20.77 and a beta of 0.87. The business has a 50 day moving average of $35.65 and a 200-day moving average of $33.49. Eni SpA has a 12-month low of $24.65 and a 12-month high of $38.44.

ENI (NYSE:E) last posted its quarterly earnings data on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.17. The business had revenue of $23.46 billion for the quarter, compared to analysts’ expectations of $19.88 billion. ENI had a return on equity of 8.58% and a net margin of 3.20%. As a group, sell-side analysts expect that Eni SpA will post 3.74 earnings per share for the current year.

ENI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 25th will be issued a $0.5814 dividend. This represents a $2.33 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, November 25th. ENI’s payout ratio is 87.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on E shares. Citigroup reiterated a “neutral” rating on shares of ENI in a report on Tuesday, November 4th. Royal Bank Of Canada lowered ENI from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 2nd. Jefferies Financial Group raised ENI to a “strong-buy” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $34.60 price target on ENI in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, ENI currently has a consensus rating of “Hold” and an average price target of $34.60.

About ENI

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.