Vigilant Capital Management LLC Buys New Position in Eni SpA (NYSE:E)

Vigilant Capital Management LLC purchased a new position in shares of Eni SpA (NYSE:E) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,428 shares of the oil and gas exploration company’s stock, valued at approximately $86,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Moody National Bank Trust Division grew its position in ENI by 1.4% in the fourth quarter. Moody National Bank Trust Division now owns 22,792 shares of the oil and gas exploration company’s stock valued at $718,000 after acquiring an additional 317 shares during the period. First Trust Advisors LP lifted its holdings in shares of ENI by 1.8% during the fourth quarter. First Trust Advisors LP now owns 21,314 shares of the oil and gas exploration company’s stock valued at $671,000 after purchasing an additional 367 shares during the last quarter. Investors Research Corp lifted its holdings in shares of ENI by 3.3% during the fourth quarter. Investors Research Corp now owns 12,600 shares of the oil and gas exploration company’s stock valued at $397,000 after purchasing an additional 400 shares during the last quarter. Bessemer Group Inc. raised its position in shares of ENI by 16.9% during the 4th quarter. Bessemer Group Inc. now owns 2,779 shares of the oil and gas exploration company’s stock valued at $88,000 after buying an additional 401 shares in the last quarter. Finally, Logan Capital Management Inc. raised its position in shares of ENI by 1.5% during the 4th quarter. Logan Capital Management Inc. now owns 30,799 shares of the oil and gas exploration company’s stock valued at $971,000 after buying an additional 463 shares in the last quarter. 1.65% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on E shares. ValuEngine downgraded shares of ENI from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. raised shares of ENI from an “underweight” rating to a “neutral” rating in a research report on Friday, January 18th. Berenberg Bank raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. Finally, Zacks Investment Research downgraded shares of ENI from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $28.50.

Shares of ENI stock traded up $0.17 on Wednesday, reaching $34.96. The company had a trading volume of 633 shares, compared to its average volume of 162,752. The company has a market capitalization of $64.13 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.54 and a beta of 0.67. Eni SpA has a 52-week low of $29.75 and a 52-week high of $40.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.23 and a current ratio of 1.39.

ENI (NYSE:E) last released its quarterly earnings results on Friday, February 15th. The oil and gas exploration company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.21. The business had revenue of $22.89 billion for the quarter. ENI had a net margin of 5.52% and a return on equity of 9.03%. Equities analysts expect that Eni SpA will post 3.25 earnings per share for the current year.

The business also recently declared a semiannual dividend, which will be paid on Thursday, June 6th. Stockholders of record on Tuesday, May 21st will be paid a $0.9357 dividend. This represents a dividend yield of 5.43%. The ex-dividend date of this dividend is Monday, May 20th. ENI’s dividend payout ratio (DPR) is 46.67%.

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ENI Profile

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 46 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Indonesia, Ghana, and Mozambique.

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Institutional Ownership by Quarter for ENI (NYSE:E)

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