Sapient Capital LLC Takes Position in Eni S.p.A. (NYSE:E)

Sapient Capital LLC acquired a new position in shares of Eni S.p.A. (NYSE:E) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,484 shares of the oil and gas exploration company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in E. Raymond James & Associates boosted its stake in ENI by 14.6% in the fourth quarter. Raymond James & Associates now owns 493,470 shares of the oil and gas exploration company’s stock worth $16,783,000 after purchasing an additional 62,964 shares in the last quarter. First Trust Direct Indexing L.P. grew its holdings in ENI by 9.5% during the 4th quarter. First Trust Direct Indexing L.P. now owns 29,077 shares of the oil and gas exploration company’s stock worth $989,000 after acquiring an additional 2,528 shares during the last quarter. Calamos Wealth Management LLC acquired a new stake in ENI in the 4th quarter valued at about $888,000. DAVENPORT & Co LLC raised its stake in shares of ENI by 14.6% in the fourth quarter. DAVENPORT & Co LLC now owns 7,442 shares of the oil and gas exploration company’s stock worth $253,000 after acquiring an additional 946 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of ENI by 94.9% during the third quarter. Qube Research & Technologies Ltd now owns 162,196 shares of the oil and gas exploration company’s stock worth $5,177,000 after purchasing an additional 78,957 shares in the last quarter. 1.18% of the stock is owned by institutional investors.

ENI Price Performance

ENI stock opened at $32.21 on Wednesday. The firm has a market capitalization of $54.37 billion, a P/E ratio of 13.88, a PEG ratio of 1.08 and a beta of 1.01. The business has a 50-day moving average of $32.12 and a 200-day moving average of $32.25. 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 S.p.A. has a 1 year low of $26.50 and a 1 year high of $34.30.

ENI (NYSE:E) last issued its earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 EPS 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 the consensus estimate of $18.83 billion. ENI had a net margin of 3.95% and a return on equity of 12.57%. On average, equities analysts anticipate that Eni S.p.A. will post 4.67 EPS for the current year.

ENI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Tuesday, May 21st will be paid a $0.349 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Monday, May 20th. ENI’s dividend payout ratio is 62.50%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Berenberg Bank cut ENI from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th.

ENI 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.