First Trust Advisors LP increased its position in Eni SpA (NYSE:E) by 35.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,708 shares of the oil and gas exploration company’s stock after buying an additional 5,373 shares during the period. First Trust Advisors LP’s holdings in Eni SpA were worth $670,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in shares of Eni SpA by 7.7% in the first quarter. Goldman Sachs Group Inc. now owns 258,054 shares of the oil and gas exploration company’s stock valued at $7,799,000 after buying an additional 18,409 shares during the period. Private Bank & Trust Co. bought a new stake in shares of Eni SpA during the second quarter valued at about $250,000. Checchi Capital Advisers LLC increased its stake in shares of Eni SpA by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 8,406 shares of the oil and gas exploration company’s stock valued at $272,000 after buying an additional 100 shares during the period. Franklin Resources Inc. increased its stake in shares of Eni SpA by 5.8% in the first quarter. Franklin Resources Inc. now owns 316,489 shares of the oil and gas exploration company’s stock valued at $9,564,000 after buying an additional 17,299 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of Eni SpA during the second quarter valued at about $458,000. 1.74% of the stock is currently owned by institutional investors.
Shares of Eni SpA (NYSE:E) traded up 2.3731% on Monday, reaching $30.3434. The company’s stock had a trading volume of 99,506 shares. The company’s market cap is $56.39 billion. Eni SpA has a 52-week low of $24.73 and a 52-week high of $36.02. The stock has a 50-day moving average of $29.57 and a 200 day moving average of $30.54.
The business also recently disclosed a dividend, which was paid on Friday, October 7th. Shareholders of record on Tuesday, September 20th were paid a dividend of $0.648 per share. This is a boost from Eni SpA’s previous dividend of $0.64. The ex-dividend date was Friday, September 16th. Eni SpA’s payout ratio is presently -19.75%.
Several brokerages recently issued reports on E. Zacks Investment Research downgraded Eni SpA from a “buy” rating to a “hold” rating in a report on Monday, July 4th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Eni SpA in a report on Thursday, July 21st. Citigroup Inc. reiterated a “buy” rating on shares of Eni SpA in a report on Friday. Finally, Deutsche Bank AG upgraded Eni SpA from a “hold” rating to a “buy” rating in a report on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. Eni SpA currently has an average rating of “Hold” and an average price target of $25.99.
About Eni SpA
Eni SpA (Eni) is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products and commodity trading. The Company’s segments include Exploration & Production, Gas & Power, and Refining & Marketing.
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