Eni SpA (NYSE:E) Stock Holdings Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in Eni SpA (NYSE:E) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,754 shares of the oil and gas exploration company’s stock after buying an additional 1,209 shares during the period. Sequoia Financial Advisors LLC’s holdings in ENI were worth $394,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its position in shares of ENI by 100.0% during 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 buying an additional 601 shares during the last quarter. Bessemer Group Inc. increased its holdings in ENI by 45.4% during 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 in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in ENI by 10.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 10,958 shares of the oil and gas exploration company’s stock valued at $339,000 after purchasing an additional 1,043 shares during the last quarter. Blue Trust Inc. raised its position in shares of ENI by 45.5% in the first quarter. Blue Trust Inc. now owns 16,638 shares of the oil and gas exploration company’s stock valued at $515,000 after buying an additional 5,206 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of ENI by 10.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,936 shares of the oil and gas exploration company’s stock valued at $307,000 after purchasing an additional 937 shares in the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of ENI in a research report on Friday, April 25th. Kepler Capital Markets lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 20th. Finally, Redburn Atlantic lowered shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $31.60.

ENI Stock Up 1.9%

Shares of E stock opened at $33.34 on Thursday. The company’s fifty day simple moving average is $30.44 and its two-hundred day simple moving average is $29.18. The company has a quick ratio of 1.00, a current ratio of 1.16 and a debt-to-equity ratio of 0.35. The stock has a market cap of $56.28 billion, a P/E ratio of 19.96 and a beta of 0.90. Eni SpA has a 52 week low of $24.65 and a 52 week high of $33.35.

ENI (NYSE:E) last issued its earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.01. The business had revenue of $25.61 billion for the quarter, compared to the consensus estimate of $25.52 billion. ENI had a net margin of 2.85% and a return on equity of 9.16%. Analysts predict that Eni SpA will post 3.74 EPS for the current fiscal year.

ENI Increases Dividend

The business also recently declared a — dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th were issued a $0.5391 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a dividend yield of 5.5%. This is a boost from ENI’s previous — dividend of $0.35. ENI’s dividend payout ratio (DPR) is currently 94.01%.

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.