Eni SpA $E Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management grew its holdings in shares of Eni SpA (NYSE:E) by 39.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 47,441 shares of the oil and gas exploration company’s stock after purchasing an additional 13,464 shares during the period. Ritholtz Wealth Management’s holdings in ENI were worth $2,686,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of ENI by 2.1% in the 1st quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock valued at $2,141,000 after acquiring an additional 1,420 shares during the period. AQR Capital Management LLC increased its holdings in ENI by 3.4% in the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after purchasing an additional 495 shares in the last quarter. Cetera Investment Advisers increased its holdings in ENI by 8.4% in the 2nd quarter. Cetera Investment Advisers now owns 11,232 shares of the oil and gas exploration company’s stock valued at $364,000 after purchasing an additional 870 shares in the last quarter. JPMorgan Chase & Co. raised its position in ENI by 60.7% in the second quarter. JPMorgan Chase & Co. now owns 45,348 shares of the oil and gas exploration company’s stock valued at $1,470,000 after purchasing an additional 17,133 shares during the period. Finally, Russell Investments Group Ltd. raised its position in ENI by 60.7% in the second quarter. Russell Investments Group Ltd. now owns 15,437 shares of the oil and gas exploration company’s stock valued at $500,000 after purchasing an additional 5,831 shares during the period. Institutional investors and hedge funds own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Zacks Research downgraded ENI from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. BNP Paribas Exane upgraded ENI from a “neutral” rating to an “outperform” rating and set a $64.30 target price on the stock in a report on Friday, April 17th. Rothschild & Co Redburn raised ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Erste Group Bank cut ENI from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.30.

ENI Price Performance

E opened at $46.02 on Friday. The company has a 50-day moving average of $53.17 and a 200-day moving average of $47.59. The company has a market capitalization of $77.68 billion, a P/E ratio of 26.45, a PEG ratio of 0.25 and a beta of 0.38. Eni SpA has a 1-year low of $32.07 and a 1-year high of $58.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16.

ENI (NYSE:E) last issued its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. The business had revenue of $23.22 billion for the quarter. Equities analysts expect that Eni SpA will post 5.65 EPS for the current fiscal year.

ENI Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.6313 per share. The ex-dividend date was Tuesday, May 19th. This is an increase from ENI’s previous quarterly dividend of $0.61. This represents a $2.53 annualized dividend and a yield of 5.5%. ENI’s payout ratio is currently 99.43%.

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.