ENI S.p.A. (E) Stake Boosted by Mondrian Investment Partners LTD
Mondrian Investment Partners LTD boosted its position in ENI S.p.A. (NYSE:E) by 19.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,713,077 shares of the oil and gas exploration company’s stock after buying an additional 281,160 shares during the period. ENI S.p.A. accounts for 1.5% of Mondrian Investment Partners LTD’s portfolio, making the stock its 24th largest position. Mondrian Investment Partners LTD’s holdings in ENI S.p.A. were worth $51,495,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in shares of ENI S.p.A. by 0.8% in the second quarter. Bessemer Group Inc. now owns 3,922,724 shares of the oil and gas exploration company’s stock worth $117,916,000 after buying an additional 33,023 shares during the period. Brandes Investment Partners LP boosted its position in shares of ENI S.p.A. by 5.5% in the first quarter. Brandes Investment Partners LP now owns 3,858,112 shares of the oil and gas exploration company’s stock worth $126,276,000 after buying an additional 201,944 shares during the period. Macquarie Group Ltd. boosted its position in shares of ENI S.p.A. by 2.7% in the first quarter. Macquarie Group Ltd. now owns 2,466,036 shares of the oil and gas exploration company’s stock worth $80,713,000 after buying an additional 64,171 shares during the period. Bank of America Corp DE boosted its position in shares of ENI S.p.A. by 2.8% in the first quarter. Bank of America Corp DE now owns 442,379 shares of the oil and gas exploration company’s stock worth $14,479,000 after buying an additional 11,891 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of ENI S.p.A. by 19.5% in the first quarter. Parametric Portfolio Associates LLC now owns 434,597 shares of the oil and gas exploration company’s stock worth $14,224,000 after buying an additional 70,870 shares during the period. 1.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of ENI S.p.A. (NYSE:E) opened at 31.59 on Friday. ENI S.p.A. has a 52 week low of $26.15 and a 52 week high of $34.62. The company has a market capitalization of $57.51 billion, a price-to-earnings ratio of 63.69 and a beta of 0.77. The stock has a 50 day moving average of $30.75 and a 200-day moving average of $31.45.
ENI S.p.A. (NYSE:E) last announced its quarterly earnings data on Friday, July 28th. The oil and gas exploration company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.18. The firm had revenue of $17.20 billion during the quarter. ENI S.p.A. had a net margin of 1.14% and a return on equity of 2.23%. On average, analysts anticipate that ENI S.p.A. will post $2.29 EPS for the current year.
The business also recently disclosed a None dividend, which will be paid on Friday, October 6th. Investors of record on Tuesday, September 19th will be given a $0.676 dividend. This represents a dividend yield of 5.86%. The ex-dividend date of this dividend is Monday, September 18th. ENI S.p.A.’s payout ratio is currently 309.76%.
E has been the subject of a number of recent research reports. Morgan Stanley reissued a “sell” rating on shares of ENI S.p.A. in a research report on Thursday, April 13th. BidaskClub cut shares of ENI S.p.A. from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Exane BNP Paribas cut shares of ENI S.p.A. from a “neutral” rating to an “underperform” rating in a research report on Friday, May 26th. BNP Paribas cut shares of ENI S.p.A. from a “neutral” rating to an “underperform” rating in a report on Sunday, May 28th. Finally, Zacks Investment Research raised shares of ENI S.p.A. from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Tuesday, May 9th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. ENI S.p.A. presently has a consensus rating of “Hold” and an average target price of $36.00.
ENI S.p.A. Company Profile
Eni SpA (Eni) is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading.
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