Natixis Advisors LLC Purchases 165,454 Shares of Eni SpA $E

Natixis Advisors LLC raised its position in Eni SpA (NYSE:E) by 5.3% during the fourth quarter, Holdings Channel reports. The fund owned 3,279,164 shares of the oil and gas exploration company’s stock after acquiring an additional 165,454 shares during the period. Natixis Advisors LLC’s holdings in ENI were worth $124,411,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in ENI in the third quarter valued at about $47,000. Larson Financial Group LLC lifted its holdings in 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 valued at $48,000 after acquiring an additional 378 shares during the period. CIBC Private Wealth Group LLC bought a new position in ENI in the third quarter valued at about $48,000. Global Retirement Partners LLC lifted its holdings in ENI by 320.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,375 shares of the oil and gas exploration company’s stock valued at $52,000 after acquiring an additional 1,048 shares during the period. Finally, SG Americas Securities LLC bought a new position in ENI in the fourth quarter valued at about $107,000. Institutional investors own 1.18% of the company’s stock.

ENI Stock Performance

Shares of E opened at $54.00 on Wednesday. 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 business has a 50-day simple moving average of $54.75 and a two-hundred day simple moving average of $45.83. The stock has a market cap of $91.16 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 0.23 and a beta of 0.38. Eni SpA has a 52 week low of $29.97 and a 52 week high of $58.00.

ENI (NYSE:E) last issued its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 EPS for the quarter. The business had revenue of $23.22 billion during the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%. On average, analysts expect that Eni SpA will post 6.08 EPS for the current year.

ENI Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Tuesday, May 19th will be given a dividend of $0.6313 per share. This is an increase from ENI’s previous quarterly dividend of $0.61. This represents a $2.53 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Tuesday, May 19th. ENI’s dividend payout ratio (DPR) is 100.57%.

Analyst Upgrades and Downgrades

E has been the topic of a number of recent research reports. Wall Street Zen downgraded ENI from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research report on Monday, April 20th. Erste Group Bank upgraded ENI to a “strong-buy” rating in a research report on Wednesday, February 18th. Dbs Bank upgraded ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th. Finally, BNP Paribas Exane upgraded ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price target for the company in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, ENI currently has a consensus rating of “Moderate Buy” and an average price target 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.