GAMMA Investing LLC Has $3.38 Million Stake in Eni S.p.A. (NYSE:E)

GAMMA Investing LLC lifted its stake in Eni S.p.A. (NYSE:E) by 5,369.9% in the first quarter, Holdings Channel.com reports. The firm owned 104,420 shares of the oil and gas exploration company’s stock after acquiring an additional 102,511 shares during the quarter. GAMMA Investing LLC’s holdings in ENI were worth $3,376,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. ABC Arbitrage SA acquired a new stake in ENI during the fourth quarter valued at $803,000. Allworth Financial LP raised its stake in shares of ENI by 30.5% during the 4th quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock worth $70,000 after purchasing an additional 581 shares in the last quarter. Callan Capital LLC lifted its holdings in shares of ENI by 19.1% during the 4th quarter. Callan Capital LLC now owns 14,902 shares of the oil and gas exploration company’s stock valued at $408,000 after buying an additional 2,388 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of ENI by 9.4% in the 4th quarter. Bank of New York Mellon Corp now owns 42,546 shares of the oil and gas exploration company’s stock valued at $1,164,000 after buying an additional 3,667 shares in the last quarter. Finally, Todd Asset Management LLC increased its holdings in ENI by 4.7% in the fourth quarter. Todd Asset Management LLC now owns 117,000 shares of the oil and gas exploration company’s stock worth $3,201,000 after buying an additional 5,300 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Trading Up 2.1%

Shares of E stock opened at $31.70 on Thursday. Eni S.p.A. has a 12 month low of $24.65 and a 12 month high of $33.12. The company has a market cap of $53.51 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.86 and a beta of 0.89. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $28.77 and its two-hundred day moving average is $28.73.

ENI (NYSE:E) last posted its earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.01. The business had revenue of $25.61 billion for the quarter, compared to analyst estimates of $25.52 billion. ENI had a net margin of 2.76% and a return on equity of 11.03%. Equities analysts predict that Eni S.p.A. will post 3.74 EPS for the current year.

ENI Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, May 20th were given a dividend of $0.5391 per share. This represents a dividend yield of 5.5%. The ex-dividend date was Tuesday, May 20th. This is a boost from ENI’s previous — dividend of $0.35. ENI’s payout ratio is currently 93.41%.

Wall Street Analysts Forecast Growth

E has been the subject of a number of analyst reports. Citigroup reiterated a “neutral” rating on shares of ENI in a research note on Friday, April 25th. Kepler Capital Markets downgraded shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 20th. Redburn Atlantic cut shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, ENI currently has an average rating of “Hold” and an average target price of $31.60.

ENI Profile

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.