SouthState Corp Sells 661 Shares of Eni S.p.A. (NYSE:E)

SouthState Corp decreased its position in shares of Eni S.p.A. (NYSE:E) by 20.2% in the 4th quarter, Holdings Channel reports. The firm owned 2,613 shares of the oil and gas exploration company’s stock after selling 661 shares during the quarter. SouthState Corp’s holdings in ENI were worth $89,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. bought a new stake in ENI during the 3rd quarter valued at $27,000. Allworth Financial LP lifted its position in ENI by 61.6% in the 3rd quarter. Allworth Financial LP now owns 1,802 shares of the oil and gas exploration company’s stock valued at $58,000 after acquiring an additional 687 shares in the last quarter. Planned Solutions Inc. acquired a new position in ENI during the 4th quarter valued at about $84,000. GAMMA Investing LLC bought a new stake in ENI during the 4th quarter worth approximately $105,000. Finally, Blue Trust Inc. raised its stake in shares of ENI by 58.2% in the fourth quarter. Blue Trust Inc. now owns 5,466 shares of the oil and gas exploration company’s stock worth $174,000 after purchasing an additional 2,011 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on E shares. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a report on Tuesday. Berenberg Bank lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th.

ENI Stock Performance

Shares of NYSE:E traded up $0.10 during mid-day trading on Friday, reaching $31.71. The company had a trading volume of 95,672 shares, compared to its average volume of 229,669. The company’s 50-day moving average price is $32.06 and its 200-day moving average price is $32.27. Eni S.p.A. has a one year low of $26.50 and a one year high of $34.30. The firm has a market cap of $53.53 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 1.07 and a beta of 1.01. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

ENI (NYSE:E) last announced its quarterly earnings data on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.18). The firm had revenue of $25.16 billion during the quarter, compared to analysts’ expectations of $18.83 billion. ENI had a return on equity of 12.57% and a net margin of 3.95%. As a group, equities research analysts anticipate that Eni S.p.A. will post 4.67 EPS for the current fiscal year.

ENI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Tuesday, May 21st will be given a dividend of $0.349 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.40 annualized dividend and a dividend yield of 4.40%. ENI’s dividend payout ratio is currently 62.50%.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.