PDS Planning Inc Buys New Stake in Eni SpA $E

PDS Planning Inc acquired a new position in Eni SpA (NYSE:E) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,474 shares of the oil and gas exploration company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC grew its position in ENI by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company’s stock worth $37,000 after acquiring an additional 601 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of ENI in the 1st quarter worth approximately $54,000. SVB Wealth LLC purchased a new position in shares of ENI in the 1st quarter worth approximately $78,000. GAMMA Investing LLC boosted its holdings in shares of ENI by 76.8% in the 1st quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company’s stock worth $104,000 after purchasing an additional 1,467 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of ENI by 45.4% in the 1st quarter. Bessemer Group Inc. now owns 3,405 shares of the oil and gas exploration company’s stock worth $106,000 after purchasing an additional 1,063 shares during the period. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Trading Up 0.7%

NYSE E opened at $34.63 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $58.45 billion, a PE ratio of 21.37 and a beta of 0.90. The company’s 50-day moving average price is $35.10 and its 200-day moving average price is $32.17. Eni SpA has a 12 month low of $24.65 and a 12 month high of $36.05.

ENI (NYSE:E) last issued its earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $23.54 billion. ENI had a net margin of 2.84% and a return on equity of 8.53%. Equities research analysts forecast that Eni SpA will post 3.74 earnings per share for the current year.

ENI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 25th will be paid a $0.5814 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $2.33 annualized dividend and a yield of 6.7%. ENI’s dividend payout ratio is 104.32%.

Analyst Ratings Changes

Several research firms have commented on E. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a research note on Wednesday, October 8th. Zacks Research cut shares of ENI from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Morgan Stanley set a $34.60 price target on shares of ENI in a research note on Wednesday, September 3rd. Royal Bank Of Canada cut shares of ENI from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 2nd. Finally, Citigroup restated a “neutral” rating on shares of ENI in a research report on Monday. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $34.60.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.