First Trust Direct Indexing L.P. Acquires 2,528 Shares of Eni S.p.A. (NYSE:E)

First Trust Direct Indexing L.P. raised its holdings in shares of Eni S.p.A. (NYSE:E) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,077 shares of the oil and gas exploration company’s stock after purchasing an additional 2,528 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in ENI were worth $989,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in E. Raymond James & Associates increased its holdings in ENI by 14.6% during the 4th quarter. Raymond James & Associates now owns 493,470 shares of the oil and gas exploration company’s stock worth $16,783,000 after purchasing an additional 62,964 shares during the period. Calamos Wealth Management LLC purchased a new stake in ENI in the fourth quarter worth about $888,000. DAVENPORT & Co LLC increased its position in ENI by 14.6% during the 4th quarter. DAVENPORT & Co LLC now owns 7,442 shares of the oil and gas exploration company’s stock valued at $253,000 after purchasing an additional 946 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of ENI by 94.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 162,196 shares of the oil and gas exploration company’s stock valued at $5,177,000 after purchasing an additional 78,957 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of ENI by 13.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 11,360 shares of the oil and gas exploration company’s stock worth $386,000 after purchasing an additional 1,384 shares during the period. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Trading Up 0.3 %

NYSE:E opened at $31.71 on Friday. The company has a market capitalization of $53.53 billion, a P/E ratio of 13.67, a PEG ratio of 1.07 and a beta of 1.01. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. Eni S.p.A. has a 12 month low of $26.50 and a 12 month high of $34.30. The firm has a fifty day simple moving average of $32.06 and a 200-day simple moving average of $32.27.

ENI (NYSE:E) last posted its quarterly earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.18). The business had revenue of $25.16 billion for the quarter, compared to analysts’ expectations of $18.83 billion. ENI had a return on equity of 12.57% and a net margin of 3.95%. On average, equities research analysts anticipate that Eni S.p.A. will post 4.67 earnings per share for the current year.

ENI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Tuesday, May 21st will be given a $0.349 dividend. The ex-dividend date is Monday, May 20th. This represents a $1.40 annualized dividend and a yield of 4.40%. ENI’s dividend payout ratio is presently 62.50%.

Analyst Upgrades and Downgrades

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

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company 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. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.