M&T Bank Corp decreased its stake in ENI S.p.A. (NYSE:E) by 0.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,075 shares of the oil and gas exploration company’s stock after selling 84 shares during the quarter. M&T Bank Corp’s holdings in ENI S.p.A. were worth $663,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its position in shares of ENI S.p.A. by 0.8% in the 2nd quarter. Bessemer Group Inc. now owns 3,922,724 shares of the oil and gas exploration company’s stock valued at $117,916,000 after purchasing an additional 33,023 shares during the period. Brandes Investment Partners LP boosted its position in shares of ENI S.p.A. by 1.5% in the 2nd quarter. Brandes Investment Partners LP now owns 3,915,346 shares of the oil and gas exploration company’s stock valued at $117,695,000 after purchasing an additional 57,234 shares during the period. Macquarie Group Ltd. boosted its position in shares of ENI S.p.A. by 2.7% in the 1st quarter. Macquarie Group Ltd. now owns 2,466,036 shares of the oil and gas exploration company’s stock valued at $80,713,000 after purchasing an additional 64,171 shares during the period. Mondrian Investment Partners LTD boosted its position in shares of ENI S.p.A. by 19.6% in the 2nd quarter. Mondrian Investment Partners LTD now owns 1,713,077 shares of the oil and gas exploration company’s stock valued at $51,495,000 after purchasing an additional 281,160 shares during the period. Finally, Federated Investors Inc. PA boosted its position in shares of ENI S.p.A. by 111.9% in the 2nd quarter. Federated Investors Inc. PA now owns 1,031,970 shares of the oil and gas exploration company’s stock valued at $31,021,000 after purchasing an additional 544,931 shares during the period. Institutional investors and hedge funds own 1.66% of the company’s stock.

A number of equities research analysts have commented on E shares. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of ENI S.p.A. in a research report on Monday. BidaskClub upgraded ENI S.p.A. from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Credit Suisse Group lowered ENI S.p.A. from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered ENI S.p.A. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Citigroup Inc. restated a “buy” rating on shares of ENI S.p.A. in a research report on Wednesday, August 30th. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $16.00.

Shares of ENI S.p.A. (NYSE:E) opened at 32.77 on Thursday. The firm has a market capitalization of $59.65 billion, a price-to-earnings ratio of 65.02 and a beta of 0.77. The firm’s 50-day moving average price is $32.18 and its 200-day moving average price is $31.71. ENI S.p.A. has a 12 month low of $26.15 and a 12 month high of $34.62.

ENI S.p.A. (NYSE:E) last announced its quarterly earnings results on Friday, July 28th. The oil and gas exploration company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.18. ENI S.p.A. had a return on equity of 2.23% and a net margin of 1.14%. The company had revenue of $17.20 billion during the quarter. On average, equities analysts anticipate that ENI S.p.A. will post $2.29 earnings per share for the current year.

The firm also recently declared a None dividend, which will be paid on Friday, October 6th. Shareholders of record on Tuesday, September 19th will be issued a $0.676 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a dividend yield of 5.86%. ENI S.p.A.’s dividend payout ratio (DPR) is currently 319.52%.

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ENI S.p.A. Company Profile

Eni SpA (Eni) is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading.

Institutional Ownership by Quarter for ENI S.p.A. (NYSE:E)

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