Purkiss Capital Advisors LLC Invests $696,000 in Eni SpA $E

Purkiss Capital Advisors LLC bought a new position in Eni SpA (NYSE:E) during the fourth quarter, HoldingsChannel reports. The fund bought 18,340 shares of the oil and gas exploration company’s stock, valued at approximately $696,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in ENI in the 3rd quarter worth $47,000. Larson Financial Group LLC boosted its stake in shares of ENI by 37.5% in the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock worth $48,000 after acquiring an additional 378 shares during the period. CIBC Private Wealth Group LLC bought a new position in shares of ENI in the third quarter worth about $48,000. SG Americas Securities LLC purchased a new stake in shares of ENI during the fourth quarter worth about $107,000. Finally, Rhumbline Advisers raised its stake in ENI by 10.3% during the 3rd quarter. Rhumbline Advisers now owns 4,637 shares of the oil and gas exploration company’s stock valued at $162,000 after purchasing an additional 433 shares during the period. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Zacks Research upgraded ENI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. JPMorgan Chase & Co. upgraded ENI from an “underweight” rating to an “overweight” rating in a research report on Monday, March 2nd. Rothschild & Co Redburn upgraded ENI from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th. Wall Street Zen downgraded ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Erste Group Bank raised ENI to a “strong-buy” rating in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.30.

ENI Stock Performance

ENI stock opened at $55.40 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 1.02. The firm has a market capitalization of $93.51 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 0.22 and a beta of 0.41. Eni SpA has a 1-year low of $28.78 and a 1-year high of $58.00. The company’s 50-day moving average is $53.27 and its 200 day moving average is $43.96.

ENI (NYSE:E) last issued its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. Research analysts forecast that Eni SpA will post 6.11 EPS for the current year.

ENI Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Tuesday, May 19th will be issued a dividend of $0.6313 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This is a positive change from ENI’s previous quarterly dividend of $0.61. This represents a $2.53 annualized dividend and a yield of 4.6%. ENI’s dividend payout ratio is 95.40%.

ENI Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.