PDS Planning Inc Invests $210,000 in Eni SpA $E

PDS Planning Inc acquired a new position in Eni SpA (NYSE:E) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,474 shares of the oil and gas exploration company’s stock, valued at approximately $210,000.

Several other institutional investors have also added to or reduced their stakes in the business. Natixis Advisors LLC raised its position in ENI by 21.9% in the first quarter. Natixis Advisors LLC now owns 2,779,073 shares of the oil and gas exploration company’s stock worth $85,957,000 after acquiring an additional 500,039 shares during the period. Northern Trust Corp raised its holdings in ENI by 9.1% in the 1st quarter. Northern Trust Corp now owns 801,152 shares of the oil and gas exploration company’s stock worth $24,780,000 after purchasing an additional 66,784 shares during the period. Raymond James Financial Inc. raised its holdings in ENI by 2.1% in the 1st quarter. Raymond James Financial Inc. now owns 531,030 shares of the oil and gas exploration company’s stock worth $16,425,000 after purchasing an additional 10,803 shares during the period. American Century Companies Inc. increased its position in ENI by 9.8% in the first quarter. American Century Companies Inc. now owns 426,566 shares of the oil and gas exploration company’s stock worth $13,194,000 after buying an additional 37,988 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in ENI by 44.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 405,655 shares of the oil and gas exploration company’s stock worth $12,547,000 after buying an additional 125,413 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

E has been the subject of a number of analyst reports. Zacks Research cut ENI from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Morgan Stanley set a $34.60 target price on shares of ENI in a report on Wednesday, September 3rd. Royal Bank Of Canada cut shares of ENI from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 2nd. Citigroup reissued a “neutral” rating on shares of ENI in a research note on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.60.

ENI Trading Up 0.7%

Shares of E opened at $34.63 on Tuesday. The firm has a market cap of $58.45 billion, a P/E ratio of 21.37 and a beta of 0.90. The company has a 50 day simple moving average of $35.10 and a two-hundred day simple moving average of $32.17. Eni SpA has a 1 year low of $24.65 and a 1 year high of $36.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.18 and a quick ratio of 1.02.

ENI (NYSE:E) last posted its earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.12. The company had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $23.54 billion. ENI had a net margin of 2.84% and a return on equity of 8.53%. On average, equities analysts expect that Eni SpA will post 3.74 earnings per share for the current fiscal year.

ENI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.5814 per share. The ex-dividend date is Tuesday, November 25th. This represents a $2.33 dividend on an annualized basis and a dividend yield of 6.7%. ENI’s dividend payout ratio (DPR) is presently 104.32%.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.