Signaturefd LLC Boosts Stock Position in Eni S.p.A. (NYSE:E)

Signaturefd LLC lifted its holdings in shares of Eni S.p.A. (NYSE:E) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,492 shares of the oil and gas exploration company’s stock after purchasing an additional 1,319 shares during the period. Signaturefd LLC’s holdings in ENI were worth $833,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. DAVENPORT & Co LLC purchased a new position in ENI in the third quarter valued at about $207,000. Raymond James & Associates grew its holdings in ENI by 1.5% during the third quarter. Raymond James & Associates now owns 430,506 shares of the oil and gas exploration company’s stock valued at $13,742,000 after purchasing an additional 6,541 shares during the period. Bank of New York Mellon Corp increased its position in ENI by 590.5% in the third quarter. Bank of New York Mellon Corp now owns 212,553 shares of the oil and gas exploration company’s stock worth $6,785,000 after buying an additional 181,770 shares during the last quarter. Advisor Partners II LLC raised its stake in shares of ENI by 10.8% in the third quarter. Advisor Partners II LLC now owns 14,503 shares of the oil and gas exploration company’s stock valued at $463,000 after buying an additional 1,409 shares during the period. Finally, Inspire Advisors LLC lifted its position in shares of ENI by 4.4% during the 3rd quarter. Inspire Advisors LLC now owns 13,142 shares of the oil and gas exploration company’s stock valued at $420,000 after buying an additional 554 shares during the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. StockNews.com cut ENI from a “buy” rating to a “hold” rating in a research note on Monday. Berenberg Bank lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th.

ENI Stock Up 0.9 %

E stock opened at $32.80 on Tuesday. Eni S.p.A. has a twelve month low of $26.50 and a twelve month high of $34.30. The firm has a market capitalization of $55.37 billion, a PE ratio of 10.86, a PEG ratio of 1.11 and a beta of 1.01. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. The stock has a 50-day simple moving average of $31.80 and a two-hundred day simple moving average of $32.25.

ENI (NYSE:E) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas exploration company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.16). The firm had revenue of $26.95 billion during the quarter, compared to the consensus estimate of $19.86 billion. ENI had a return on equity of 14.91% and a net margin of 5.00%. On average, equities analysts predict that Eni S.p.A. will post 4.68 EPS for the current fiscal year.

ENI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Tuesday, May 21st will be issued a $0.349 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.40 annualized dividend and a dividend yield of 4.26%. ENI’s payout ratio is currently 48.01%.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. It engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.