Trek Financial LLC Cuts Stake in Eni SpA $E

Trek Financial LLC lowered its position in shares of Eni SpA (NYSE:E) by 94.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,150 shares of the oil and gas exploration company’s stock after selling 111,961 shares during the period. Trek Financial LLC’s holdings in ENI were worth $233,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC increased its stake in shares of ENI by 6.6% during the third quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock valued at $108,824,000 after buying an additional 192,646 shares during the period. American Century Companies Inc. grew its stake in ENI by 33.2% in the third quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock valued at $22,259,000 after purchasing an additional 158,699 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in ENI by 8.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 589,265 shares of the oil and gas exploration company’s stock valued at $22,357,000 after purchasing an additional 44,588 shares during the last quarter. Raymond James Financial Inc. grew its stake in ENI by 6.3% in the third quarter. Raymond James Financial Inc. now owns 541,031 shares of the oil and gas exploration company’s stock valued at $18,909,000 after purchasing an additional 32,107 shares during the last quarter. Finally, UBS Group AG grew its stake in ENI by 3.6% in the fourth quarter. UBS Group AG now owns 235,346 shares of the oil and gas exploration company’s stock valued at $8,929,000 after purchasing an additional 8,082 shares during the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Price Performance

Shares of E stock opened at $55.48 on Thursday. Eni SpA has a fifty-two week low of $28.78 and a fifty-two week high of $58.00. The firm has a market capitalization of $93.65 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 0.23 and a beta of 0.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16. The stock’s 50-day simple moving average is $53.61 and its 200-day simple moving average is $44.24.

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

ENI Increases Dividend

The company also recently announced 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. This represents a $2.53 dividend on an annualized basis and a dividend yield of 4.6%. This is a positive change from ENI’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Tuesday, May 19th. ENI’s dividend payout ratio is presently 95.40%.

Wall Street Analysts Forecast Growth

E has been the topic of several analyst reports. Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Zacks Research upgraded ENI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. BNP Paribas Exane upgraded ENI from a “neutral” rating to an “outperform” rating and set a $64.30 target price on the stock in a research note on Friday, April 17th. Rothschild & Co Redburn upgraded ENI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Finally, Erste Group Bank upgraded ENI to a “strong-buy” rating in a research note on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.30.

About ENI

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.