QRG Capital Management Inc. Has $3.73 Million Position in Eni SpA $E

QRG Capital Management Inc. raised its stake in shares of Eni SpA (NYSE:E) by 23.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,297 shares of the oil and gas exploration company’s stock after purchasing an additional 18,404 shares during the quarter. QRG Capital Management Inc.’s holdings in ENI were worth $3,729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of E. Advisory Services Network LLC bought a new stake in ENI during the third quarter worth about $47,000. CIBC Private Wealth Group LLC bought a new position in shares of ENI in the third quarter valued at approximately $48,000. Larson Financial Group LLC boosted its holdings in shares of ENI by 37.5% in the 3rd 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 in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of ENI by 84.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,525 shares of the oil and gas exploration company’s stock worth $53,000 after acquiring an additional 696 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in ENI during the 4th quarter worth approximately $107,000. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Price Performance

ENI stock opened at $53.93 on Thursday. The business’s 50-day simple moving average is $52.74 and its 200 day simple moving average is $43.56. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 0.40. The stock has a market cap of $91.03 billion, a price-to-earnings ratio of 30.99, a P/E/G ratio of 0.24 and a beta of 0.41. Eni SpA has a 12-month low of $28.50 and a 12-month high of $58.00.

ENI (NYSE:E) last announced its quarterly earnings data on Saturday, February 14th. The oil and gas exploration company reported $0.02 earnings per share for the quarter. The firm had revenue of $24.64 billion during the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%. As a group, research analysts anticipate that Eni SpA will post 6.14 earnings per share for the current year.

ENI Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Tuesday, March 24th were paid a $0.6137 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This is a boost from ENI’s previous quarterly dividend of $0.58. This represents a $2.45 dividend on an annualized basis and a yield of 4.6%. ENI’s payout ratio is 95.40%.

Analyst Ratings Changes

A number of analysts have recently weighed in on E shares. Zacks Research upgraded ENI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada upped their price target on shares of ENI from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 9th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a report on Thursday, January 8th. Dbs Bank raised shares of ENI from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 28th. Finally, Rothschild & Co Redburn upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $42.30.

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.