Flynn Zito Capital Management LLC Acquires New Holdings in Eni S.p.A. (NYSE:E)

Flynn Zito Capital Management LLC bought a new stake in shares of Eni S.p.A. (NYSE:E) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,202 shares of the oil and gas exploration company’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Simplicity Solutions LLC lifted its stake in ENI by 17.9% during the 4th quarter. Simplicity Solutions LLC now owns 12,114 shares of the oil and gas exploration company’s stock valued at $412,000 after acquiring an additional 1,840 shares in the last quarter. Sapient Capital LLC bought a new position in ENI during the 4th quarter valued at $221,000. Cerity Partners LLC lifted its stake in ENI by 14.9% during the 4th quarter. Cerity Partners LLC now owns 25,082 shares of the oil and gas exploration company’s stock valued at $853,000 after acquiring an additional 3,260 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in ENI by 13.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 11,360 shares of the oil and gas exploration company’s stock valued at $386,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its stake in ENI by 17.9% during the 4th quarter. Bleakley Financial Group LLC now owns 12,114 shares of the oil and gas exploration company’s stock valued at $412,000 after acquiring an additional 1,840 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Price Performance

E stock traded down $0.39 during mid-day trading on Thursday, reaching $32.13. 171,619 shares of the company traded hands, compared to its average volume of 260,340. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 1.12. The company has a market capitalization of $54.23 billion, a P/E ratio of 10.76, a P/E/G ratio of 1.11 and a beta of 1.01. Eni S.p.A. has a 52-week low of $26.50 and a 52-week high of $34.30. The company has a fifty day moving average price of $31.70 and a 200-day moving average price of $32.20.

ENI (NYSE:E) last issued its quarterly earnings data on Wednesday, February 21st. The oil and gas exploration company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.16). ENI had a return on equity of 14.91% and a net margin of 5.00%. The business had revenue of $26.95 billion for the quarter, compared to analysts’ expectations of $19.86 billion. As a group, analysts anticipate that Eni S.p.A. will post 4.68 earnings per share for the current year.

ENI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Tuesday, May 21st will be issued a dividend of $0.349 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Monday, May 20th. ENI’s payout ratio is 48.01%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on E shares. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Berenberg Bank lowered ENI from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th.

ENI Profile

Eni S.p.A. operates as an integrated energy company worldwide. It engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.