Hancock Whitney Corp Grows Stake in Eni SpA (E)

Hancock Whitney Corp lifted its stake in Eni SpA (NYSE:E) by 7.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,217 shares of the oil and gas exploration company’s stock after buying an additional 527 shares during the quarter. Hancock Whitney Corp’s holdings in ENI were worth $227,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in ENI in the 4th quarter valued at $10,638,000. OLD Mission Capital LLC acquired a new stake in ENI in the 4th quarter valued at $2,719,000. Logan Capital Management Inc. lifted its holdings in ENI by 1.5% in 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 purchasing an additional 463 shares in the last quarter. Geode Capital Management LLC lifted its holdings in ENI by 12.7% in the 4th quarter. Geode Capital Management LLC now owns 36,491 shares of the oil and gas exploration company’s stock valued at $1,149,000 after purchasing an additional 4,104 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in ENI by 5.7% in the 4th quarter. Stifel Financial Corp now owns 63,424 shares of the oil and gas exploration company’s stock valued at $1,997,000 after purchasing an additional 3,441 shares in the last quarter. 1.65% of the stock is currently owned by hedge funds and other institutional investors.

E has been the topic of a number of research reports. Zacks Investment Research lowered ENI from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. ValuEngine upgraded ENI from a “sell” rating to a “hold” rating in a report on Friday, January 4th. Berenberg Bank upgraded ENI from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Finally, JPMorgan Chase & Co. upgraded ENI from an “underweight” rating to a “neutral” rating in a report on Friday, January 18th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. ENI presently has an average rating of “Hold” and a consensus target price of $28.50.

E traded down $0.94 on Wednesday, hitting $34.42. The company had a trading volume of 334,116 shares, compared to its average volume of 182,816. The firm has a market cap of $64.25 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 1.77 and a beta of 0.67. Eni SpA has a 1 year low of $29.75 and a 1 year high of $40.15. The company has a current ratio of 1.39, a quick ratio of 1.23 and a debt-to-equity ratio of 0.39.

ENI (NYSE:E) last issued its quarterly earnings data on Friday, February 15th. The oil and gas exploration company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.21. The firm 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 research analysts forecast that Eni SpA will post 2.56 earnings per share for the current year.

The company also recently announced a semiannual dividend, which will be paid on Thursday, June 6th. Shareholders of record on Tuesday, May 21st will be given a $0.9357 dividend. This represents a yield of 5.43%. The ex-dividend date of this dividend is Monday, May 20th. ENI’s dividend payout ratio is currently 46.67%.

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About ENI

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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