Provenance Wealth Advisors LLC Purchases New Shares in Eni SpA $E

Provenance Wealth Advisors LLC purchased a new position in Eni SpA (NYSE:E) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,097 shares of the oil and gas exploration company’s stock, valued at approximately $820,000.

Several other institutional investors and hedge funds have also modified their holdings of E. IFP Advisors Inc increased its stake in shares of ENI by 111.2% in the 2nd quarter. IFP Advisors Inc now owns 659 shares of the oil and gas exploration company’s stock worth $31,000 after purchasing an additional 347 shares in the last quarter. CoreCap Advisors LLC raised its holdings in ENI by 8,235.3% in the 3rd quarter. CoreCap Advisors LLC now owns 1,417 shares of the oil and gas exploration company’s stock worth $77,000 after purchasing an additional 1,400 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in ENI in the 1st quarter worth $85,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in ENI during the first quarter valued at $203,000. Finally, Earned Wealth Advisors LLC purchased a new position in ENI during the first quarter valued at $204,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group reissued a “buy” rating on shares of ENI in a report on Tuesday, October 6th. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of ENI in a research note on Thursday, September 24th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ENI in a research note on Friday, September 11th. Weiss Ratings raised ENI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Zacks Research downgraded ENI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.45.

ENI Stock Down 3.1%

Shares of E stock opened at $56.53 on Thursday. The company has a market capitalization of $95.42 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.18 and a beta of 0.41. Eni SpA has a one year low of $36.13 and a one year high of $62.16. The company’s fifty day moving average price is $56.28 and its 200-day moving average price is $52.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 1.00.

ENI (NYSE:E) last released its earnings results on Saturday, October 24th. The oil and gas exploration company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.26. The company had revenue of $29.49 billion for the quarter, compared to analysts’ expectations of $25.89 billion. ENI had a net margin of 8.78% and a return on equity of 13.84%. Sell-side analysts expect that Eni SpA will post 6.65 EPS for the current fiscal year.

ENI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Tuesday, November 24th will be issued a dividend of $0.6335 per share. This is a boost from ENI’s previous quarterly dividend of $0.6276. This represents a $2.53 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, November 24th. ENI’s payout ratio is 28.92%.

About ENI

Eni S.p.A. is an integrated energy company headquartered in Rome, Italy. Founded in 1953, the company operates across the energy value chain, with activities spanning exploration and production, natural gas, liquefied natural gas, refining, chemicals, and energy-related services.

Eni explores for and produces oil and natural gas in several regions, including Europe, Africa, the Middle East, Asia, and the Americas. Through its downstream businesses, the company processes and markets fuels, develops chemical products, and supplies natural gas and electricity.