XY Capital Ltd Purchases New Stake in Eni SpA $E

XY Capital Ltd purchased a new stake in shares of Eni SpA (NYSE:E) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 13,145 shares of the oil and gas exploration company’s stock, valued at approximately $459,000.

Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. increased its position in shares of ENI by 5.1% in the third quarter. Bessemer Group Inc. now owns 5,904 shares of the oil and gas exploration company’s stock valued at $206,000 after acquiring an additional 284 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of ENI by 2.8% during the third quarter. DAVENPORT & Co LLC now owns 10,667 shares of the oil and gas exploration company’s stock worth $373,000 after purchasing an additional 294 shares during the period. Checchi Capital Advisers LLC boosted its holdings in shares of ENI by 3.6% during the third quarter. Checchi Capital Advisers LLC now owns 10,970 shares of the oil and gas exploration company’s stock worth $383,000 after purchasing an additional 377 shares during the period. Private Advisor Group LLC grew its stake in shares of ENI by 4.4% in the third quarter. Private Advisor Group LLC now owns 9,122 shares of the oil and gas exploration company’s stock worth $319,000 after purchasing an additional 382 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of ENI by 2.4% in the third quarter. Blue Trust Inc. now owns 16,834 shares of the oil and gas exploration company’s stock worth $588,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Stock Up 2.1%

E stock opened at $51.31 on Friday. Eni SpA has a fifty-two week low of $24.65 and a fifty-two week high of $51.46. The company has a market capitalization of $86.61 billion, a price-to-earnings ratio of 30.18 and a beta of 0.57. The business’s 50 day moving average price is $42.58 and its two-hundred day moving average price is $38.52. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.02 and a current ratio of 1.17.

ENI (NYSE:E) last released its earnings results on Thursday, February 26th. The oil and gas exploration company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.09. ENI had a net margin of 3.07% and a return on equity of 9.27%. The firm had revenue of $24.33 billion for the quarter, compared to the consensus estimate of $19.45 billion. As a group, analysts forecast that Eni SpA will post 3.74 earnings per share for the current fiscal year.

ENI Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Tuesday, March 24th will be issued a dividend of $0.6137 per share. The ex-dividend date is Tuesday, March 24th. This is a positive change from ENI’s previous quarterly dividend of $0.58. This represents a $2.45 annualized dividend and a dividend yield of 4.8%. ENI’s dividend payout ratio (DPR) is 98.24%.

Analysts Set New Price Targets

E has been the subject of a number of recent analyst reports. UBS Group raised ENI from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 25th. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research report on Thursday, January 8th. JPMorgan Chase & Co. upgraded ENI from an “underweight” rating to an “overweight” rating in a report on Monday, March 2nd. Zacks Research raised ENI from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Erste Group Bank upgraded shares of ENI to a “strong-buy” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.60.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.