Global Retirement Partners LLC Increases Stake in Eni SpA (NYSE:E)

Global Retirement Partners LLC increased its holdings in Eni SpA (NYSE:E) by 195.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,808 shares of the oil and gas exploration company’s stock after buying an additional 1,197 shares during the period. Global Retirement Partners LLC’s holdings in ENI were worth $57,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy Financial Advisors Inc. raised its position in shares of ENI by 207.7% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,123 shares of the oil and gas exploration company’s stock valued at $35,000 after buying an additional 758 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in ENI during the fourth quarter valued at approximately $40,000. Contravisory Investment Management Inc. acquired a new position in ENI during the fourth quarter valued at approximately $43,000. Private Capital Group LLC raised its position in ENI by 82.4% during the fourth quarter. Private Capital Group LLC now owns 1,935 shares of the oil and gas exploration company’s stock valued at $61,000 after purchasing an additional 874 shares in the last quarter. Finally, Lindbrook Capital LLC acquired a new position in ENI during the fourth quarter valued at approximately $64,000. Institutional investors own 1.65% of the company’s stock.

Shares of NYSE:E traded down $0.30 during trading on Monday, hitting $35.29. 147,400 shares of the company were exchanged, compared to its average volume of 183,699. The company has a market capitalization of $64.16 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 1.56 and a beta of 0.67. 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 SpA has a 1-year low of $29.75 and a 1-year high of $40.15.

ENI (NYSE:E) last announced its quarterly earnings results on Friday, February 15th. The oil and gas exploration company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.21. The company had revenue of $22.89 billion during the quarter. ENI had a net margin of 5.52% and a return on equity of 9.03%. On average, equities analysts forecast that Eni SpA will post 3.25 EPS for the current fiscal 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 issued a dividend of $0.9357 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a dividend yield of 5.43%. ENI’s dividend payout ratio (DPR) is presently 46.67%.

Several research analysts have commented on the stock. ValuEngine downgraded shares of ENI from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Zacks Investment Research downgraded shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 17th. Berenberg Bank upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. Finally, JPMorgan Chase & Co. upgraded shares of ENI from an “underweight” rating to a “neutral” rating in a report on Friday, January 18th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $28.50.

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ENI Company 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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