Ritholtz Wealth Management Boosts Holdings in Eni SpA $E

Ritholtz Wealth Management boosted its holdings in shares of Eni SpA (NYSE:E) by 39.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,441 shares of the oil and gas exploration company’s stock after acquiring an additional 13,464 shares during the period. Ritholtz Wealth Management’s holdings in ENI were worth $2,686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. DV Equities LLC purchased a new position in shares of ENI during the 4th quarter worth approximately $35,000. Manchester Capital Management LLC raised its position in shares of ENI by 56.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 437 shares during the last quarter. Advisory Services Network LLC purchased a new stake in ENI in the 3rd quarter valued at approximately $47,000. Larson Financial Group LLC lifted its stake in ENI by 37.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after buying an additional 378 shares in the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new stake in ENI during the 3rd quarter valued at $48,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Stock Performance

NYSE:E opened at $46.02 on Friday. The company has a market cap of $77.68 billion, a P/E ratio of 26.45, a P/E/G ratio of 0.25 and a beta of 0.38. The firm’s 50 day moving average is $53.17 and its two-hundred day moving average is $47.59. Eni SpA has a fifty-two week low of $32.07 and a fifty-two week high of $58.00. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 0.40.

ENI (NYSE:E) last issued its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%.The business had revenue of $23.22 billion for the quarter. Analysts expect that Eni SpA will post 5.65 EPS for the current year.

ENI Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th were issued a $0.6313 dividend. This is a positive change from ENI’s previous quarterly dividend of $0.61. The ex-dividend date was Tuesday, May 19th. This represents a $2.53 dividend on an annualized basis and a dividend yield of 5.5%. ENI’s dividend payout ratio (DPR) is 99.43%.

Analysts Set New Price Targets

E has been the subject of a number of analyst reports. BNP Paribas Exane raised ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price target for the company in a report on Friday, April 17th. Dbs Bank raised ENI from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 28th. Erste Group Bank cut ENI from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. raised shares of ENI from an “underweight” rating to an “overweight” rating in a research note on Monday, March 2nd. Finally, Zacks Research lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, ENI has an average rating of “Moderate Buy” and an average target price of $42.30.

About ENI

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.