MGO One Seven LLC Acquires Shares of 14,394 Eni SpA $E

MGO One Seven LLC bought a new stake in shares of Eni SpA (NYSE:EFree Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,394 shares of the oil and gas exploration company’s stock, valued at approximately $467,000.

A number of other hedge funds also recently modified their holdings of E. Golden State Wealth Management LLC raised its stake 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 valued at $37,000 after purchasing an additional 601 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of ENI in the 1st quarter valued at approximately $54,000. SVB Wealth LLC bought a new stake in shares of ENI during the 1st quarter worth approximately $78,000. GAMMA Investing LLC boosted its position in shares of ENI by 76.8% during the 1st quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company’s stock worth $104,000 after acquiring an additional 1,467 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in ENI by 45.4% in the first quarter. Bessemer Group Inc. now owns 3,405 shares of the oil and gas exploration company’s stock valued at $106,000 after acquiring an additional 1,063 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Price Performance

ENI stock opened at $34.76 on Friday. The stock has a 50-day moving average price of $35.10 and a two-hundred day moving average price of $32.26. Eni SpA has a 12 month low of $24.65 and a 12 month high of $36.05. The company has a market capitalization of $58.68 billion, a PE ratio of 21.46 and a beta of 0.90. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

ENI (NYSE:EGet Free Report) last released its quarterly earnings data on Friday, July 25th. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $23.54 billion. ENI had a return on equity of 8.53% and a net margin of 2.84%. Analysts expect that Eni SpA will post 3.74 EPS for the current year.

ENI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th will be paid a dividend of $0.5814 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $2.33 annualized dividend and a dividend yield of 6.7%. ENI’s dividend payout ratio (DPR) is presently 104.32%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley set a $34.60 target price on ENI in a research note on Wednesday, September 3rd. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research report on Wednesday, October 8th. Royal Bank Of Canada cut ENI from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 2nd. Jefferies Financial Group raised shares of ENI to a “strong-buy” rating in a report on Friday, October 10th. Finally, Citigroup reaffirmed a “neutral” rating on shares of ENI in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $34.60.

Check Out Our Latest Analysis on ENI

ENI Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ENI (NYSE:E)

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