XY Capital Ltd Acquires New Stake in Eni SpA $E

XY Capital Ltd bought a new position in shares of Eni SpA (NYSE:E) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,145 shares of the oil and gas exploration company’s stock, valued at approximately $459,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MAI Capital Management grew its holdings in shares of ENI by 2,488.4% during the second quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after purchasing an additional 1,070 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of ENI by 84.0% in the third quarter. Farther Finance Advisors LLC now owns 1,525 shares of the oil and gas exploration company’s stock worth $53,000 after purchasing an additional 696 shares during the last quarter. Rhumbline Advisers raised its stake in ENI by 10.3% in the third quarter. Rhumbline Advisers now owns 4,637 shares of the oil and gas exploration company’s stock valued at $162,000 after purchasing an additional 433 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in ENI during the third quarter valued at approximately $183,000. Finally, Bessemer Group Inc. lifted its position in ENI by 5.1% during the third quarter. Bessemer Group Inc. now owns 5,904 shares of the oil and gas exploration company’s stock valued at $206,000 after purchasing an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Price Performance

Shares of NYSE:E opened at $51.31 on Friday. 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 stock has a market cap of $86.61 billion, a PE ratio of 30.18 and a beta of 0.57. The company’s fifty day moving average is $42.58 and its 200 day moving average is $38.52. Eni SpA has a 52 week low of $24.65 and a 52 week high of $51.46.

ENI (NYSE:E) last posted its quarterly earnings results on Thursday, February 26th. The oil and gas exploration company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $19.45 billion. Research analysts anticipate that Eni SpA will post 3.74 earnings per share for the current 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 dividend of $0.6137 per share. This represents a $2.45 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, March 24th. This is a positive change from ENI’s previous quarterly dividend of $0.58. ENI’s dividend payout ratio is 98.24%.

Analyst Ratings Changes

A number of equities analysts have recently commented on E shares. Erste Group Bank raised shares of ENI to a “strong-buy” rating in a report on Wednesday, February 18th. Zacks Research raised shares of ENI from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Wall Street Zen raised ENI from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research note on Thursday, January 8th. Finally, Barclays reiterated an “overweight” rating on shares of ENI in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.60.

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.