OLD National Bancorp IN Sells 865 Shares of Eni S.p.A. (NYSE:E)

OLD National Bancorp IN decreased its holdings in shares of Eni S.p.A. (NYSE:E) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,849 shares of the oil and gas exploration company’s stock after selling 865 shares during the quarter. OLD National Bancorp IN’s holdings in ENI were worth $301,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Signaturefd LLC grew its stake in shares of ENI by 5.7% during the fourth quarter. Signaturefd LLC now owns 24,492 shares of the oil and gas exploration company’s stock valued at $833,000 after buying an additional 1,319 shares during the last quarter. Calamos Wealth Management LLC bought a new position in shares of ENI during the fourth quarter valued at approximately $888,000. Flynn Zito Capital Management LLC bought a new position in shares of ENI during the fourth quarter valued at approximately $211,000. Simplicity Solutions LLC grew its stake in shares of ENI by 17.9% during the fourth quarter. Simplicity Solutions LLC now owns 12,114 shares of the oil and gas exploration company’s stock valued at $412,000 after buying an additional 1,840 shares during the last quarter. Finally, Sapient Capital LLC purchased a new stake in shares of ENI in the fourth quarter valued at approximately $221,000. Institutional investors own 1.18% of the company’s stock.

ENI Stock Up 0.6 %

Shares of NYSE E opened at $32.80 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.12 and a current ratio of 1.30. The firm has a market capitalization of $55.37 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.11 and a beta of 1.01. The stock has a 50 day moving average price of $31.90 and a 200 day moving average price of $32.27. Eni S.p.A. has a 52-week low of $26.50 and a 52-week high of $34.30.

ENI (NYSE:E) last posted its earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.18). The company had revenue of $25.16 billion for the quarter, compared to analysts’ expectations of $18.83 billion. ENI had a return on equity of 12.54% and a net margin of 3.95%. Sell-side analysts expect that Eni S.p.A. will post 4.66 earnings per share for the current year.

ENI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.349 per share. The ex-dividend date is Monday, May 20th. This represents a $1.40 dividend on an annualized basis and a yield of 4.26%. ENI’s dividend payout ratio is currently 62.50%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on E. Berenberg Bank lowered ENI from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. StockNews.com lowered ENI from a “buy” rating to a “hold” rating in a report on Monday.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. It engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.