Newbridge Financial Services Group Inc. Has $1.01 Million Stock Holdings in Eni SpA $E

Newbridge Financial Services Group Inc. grew its stake in Eni SpA (NYSE:E) by 408.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 26,640 shares of the oil and gas exploration company’s stock after buying an additional 21,400 shares during the period. Newbridge Financial Services Group Inc.’s holdings in ENI were worth $1,011,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Natixis Advisors LLC lifted its stake in shares of ENI by 6.6% in the 3rd quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock valued at $108,824,000 after purchasing an additional 192,646 shares during the period. American Century Companies Inc. lifted its stake in shares of ENI by 33.2% in the 3rd quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock valued at $22,259,000 after purchasing an additional 158,699 shares during the period. Raymond James Financial Inc. lifted its stake in shares of ENI by 6.3% in the 3rd quarter. Raymond James Financial Inc. now owns 541,031 shares of the oil and gas exploration company’s stock valued at $18,909,000 after purchasing an additional 32,107 shares during the period. Quantinno Capital Management LP lifted its stake in shares of ENI by 44.9% in the 2nd quarter. Quantinno Capital Management LP now owns 202,792 shares of the oil and gas exploration company’s stock valued at $6,575,000 after purchasing an additional 62,834 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of ENI by 7.0% in the 3rd quarter. Fisher Asset Management LLC now owns 153,687 shares of the oil and gas exploration company’s stock valued at $5,371,000 after purchasing an additional 10,065 shares during the period. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Price Performance

E opened at $57.53 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 0.38. Eni SpA has a 12 month low of $24.65 and a 12 month high of $58.00. The company has a fifty day simple moving average of $47.80 and a 200 day simple moving average of $40.76. The stock has a market cap of $97.11 billion, a P/E ratio of 33.84, a P/E/G ratio of 0.28 and a beta of 0.44.

ENI (NYSE:E) last released its quarterly earnings data on Saturday, February 14th. The oil and gas exploration company reported $0.02 EPS for the quarter. ENI had a net margin of 3.07% and a return on equity of 9.27%. The business had revenue of $24.64 billion during the quarter. On average, research analysts expect that Eni SpA will post 3.74 EPS for the current year.

ENI Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, March 24th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.3%. This is an increase from ENI’s previous quarterly dividend of $0.58. ENI’s dividend payout ratio is currently 97.65%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Erste Group Bank raised ENI to a “strong-buy” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. raised ENI from an “underweight” rating to an “overweight” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a research note on Wednesday, January 21st. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research note on Thursday, January 8th. Finally, Wall Street Zen downgraded ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.