Capital Wealth Planning LLC Takes Position in Eni SpA $E

Capital Wealth Planning LLC bought a new stake in shares of Eni SpA (NYSE:E) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 146,084 shares of the oil and gas exploration company’s stock, valued at approximately $5,106,000.

Several other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in ENI by 5.1% in the 3rd quarter. Bessemer Group Inc. now owns 5,904 shares of the oil and gas exploration company’s stock worth $206,000 after buying an additional 284 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of ENI by 2.8% in the third quarter. DAVENPORT & Co LLC now owns 10,667 shares of the oil and gas exploration company’s stock valued at $373,000 after acquiring an additional 294 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of ENI by 3.6% in the third quarter. Checchi Capital Advisers LLC now owns 10,970 shares of the oil and gas exploration company’s stock worth $383,000 after acquiring an additional 377 shares during the period. Private Advisor Group LLC boosted its stake in shares of ENI by 4.4% in the third quarter. Private Advisor Group LLC now owns 9,122 shares of the oil and gas exploration company’s stock worth $319,000 after acquiring an additional 382 shares during the period. Finally, Blue Trust Inc. grew its position in shares of ENI by 2.4% during the third quarter. Blue Trust Inc. now owns 16,834 shares of the oil and gas exploration company’s stock worth $588,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Price Performance

ENI stock opened at $51.31 on Friday. Eni SpA has a 52-week low of $24.65 and a 52-week high of $51.46. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average is $42.58 and its 200 day moving average is $38.52. The company has a market cap of $86.61 billion, a price-to-earnings ratio of 30.18 and a beta of 0.57.

ENI (NYSE:E) last issued its quarterly earnings data on Thursday, February 26th. The oil and gas exploration company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.09. ENI had a net margin of 3.07% and a return on equity of 9.27%. The business had revenue of $24.33 billion during the quarter, compared to analysts’ expectations of $19.45 billion. Sell-side analysts forecast that Eni SpA will post 3.74 EPS for the current fiscal year.

ENI Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Tuesday, March 24th will be given a $0.6137 dividend. This is an increase from ENI’s previous quarterly dividend of $0.58. This represents a $2.45 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, March 24th. ENI’s dividend payout ratio (DPR) is 98.24%.

Analysts Set New Price Targets

E has been the topic of a number of research analyst reports. Wall Street Zen raised ENI from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. UBS Group raised shares of ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a report on Thursday, January 8th. Barclays restated an “overweight” rating on shares of ENI in a research report on Friday, December 12th. Finally, Erste Group Bank raised shares of ENI to a “strong-buy” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.60.

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.