LSV Asset Management Sells 13,000 Shares of Eni SpA $E

LSV Asset Management lowered its holdings in Eni SpA (NYSE:E) by 25.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,400 shares of the oil and gas exploration company’s stock after selling 13,000 shares during the period. LSV Asset Management’s holdings in ENI were worth $1,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Natixis Advisors LLC boosted its stake in shares of ENI by 21.9% in the first quarter. Natixis Advisors LLC now owns 2,779,073 shares of the oil and gas exploration company’s stock valued at $85,957,000 after buying an additional 500,039 shares during the period. Cambiar Investors LLC raised its holdings in ENI by 1,165.9% in the 1st quarter. Cambiar Investors LLC now owns 179,182 shares of the oil and gas exploration company’s stock valued at $5,542,000 after acquiring an additional 165,027 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of ENI during the 2nd quarter valued at $3,982,000. Northern Trust Corp lifted its position in shares of ENI by 9.1% during the 1st quarter. Northern Trust Corp now owns 801,152 shares of the oil and gas exploration company’s stock valued at $24,780,000 after acquiring an additional 66,784 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of ENI by 9.8% during the 1st quarter. American Century Companies Inc. now owns 426,566 shares of the oil and gas exploration company’s stock worth $13,194,000 after purchasing an additional 37,988 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on E. Jefferies Financial Group upgraded shares of ENI to a “strong-buy” rating in a research note on Friday, October 10th. Wall Street Zen raised shares of ENI from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Royal Bank Of Canada lowered shares of ENI from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 2nd. Morgan Stanley set a $34.60 price objective on shares of ENI in a research note on Wednesday, September 3rd. Finally, HSBC downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.60.

ENI Price Performance

E stock opened at $37.27 on Friday. Eni SpA has a 1 year low of $24.65 and a 1 year high of $38.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.18 and a quick ratio of 1.02. The stock has a market cap of $62.90 billion, a price-to-earnings ratio of 20.36 and a beta of 0.87. The company has a 50 day simple moving average of $35.99 and a 200 day simple moving average of $33.87.

ENI (NYSE:E) last posted its earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. ENI had a net margin of 3.20% and a return on equity of 8.58%. The firm had revenue of $23.46 billion for the quarter, compared to analysts’ expectations of $19.88 billion. Research analysts anticipate that Eni SpA will post 3.74 EPS for the current fiscal year.

ENI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th will be issued a $0.5814 dividend. This represents a $2.33 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, November 25th. ENI’s dividend payout ratio is presently 87.43%.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.