OLD National Bancorp IN boosted its position in Eni SpA (NYSE:E) by 10.3% during the 1st quarter, HoldingsChannel reports. The firm owned 16,334 shares of the oil and gas exploration company’s stock after purchasing an additional 1,525 shares during the quarter. OLD National Bancorp IN’s holdings in ENI were worth $575,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Regentatlantic Capital LLC raised its position in shares of ENI by 2.7% during the 1st quarter. Regentatlantic Capital LLC now owns 11,762 shares of the oil and gas exploration company’s stock valued at $414,000 after buying an additional 313 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of ENI by 1.8% during the 4th quarter. First Trust Advisors LP now owns 21,314 shares of the oil and gas exploration company’s stock valued at $671,000 after purchasing an additional 367 shares during the last quarter. Investors Research Corp grew its holdings in shares of ENI by 3.3% during the 4th quarter. Investors Research Corp now owns 12,600 shares of the oil and gas exploration company’s stock valued at $397,000 after purchasing an additional 400 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of ENI by 16.9% during the 4th quarter. Bessemer Group Inc. now owns 2,779 shares of the oil and gas exploration company’s stock valued at $88,000 after purchasing an additional 401 shares during the last quarter. Finally, Brinker Capital Inc. lifted its position in shares of ENI by 1.1% in the 1st quarter. Brinker Capital Inc. now owns 40,969 shares of the oil and gas exploration company’s stock worth $1,444,000 after purchasing an additional 429 shares during the period. Institutional investors and hedge funds own 1.63% of the company’s stock.
Shares of NYSE E opened at $32.50 on Wednesday. Eni SpA has a 1 year low of $29.75 and a 1 year high of $40.12. The stock has a market cap of $58.53 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 2.63 and a beta of 0.64. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.32 and a quick ratio of 1.17.
ENI (NYSE:E) last issued its quarterly earnings results on Friday, February 15th. The oil and gas exploration company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. ENI had a net margin of 5.65% and a return on equity of 9.08%. The company had revenue of $22.89 billion during the quarter. As a group, research analysts forecast that Eni SpA will post 2.6 earnings per share for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, June 6th. Investors of record on Tuesday, May 21st will be given a dividend of $0.9357 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a yield of 5.43%. ENI’s dividend payout ratio (DPR) is currently 46.67%.
Several equities research analysts have recently commented on E shares. ValuEngine cut shares of ENI from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Citigroup cut shares of ENI from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. raised shares of ENI from an “underweight” rating to a “neutral” rating in a research report on Friday, January 18th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. ENI has a consensus rating of “Hold” and a consensus price target of $28.50.
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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.
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