Pacer Advisors Inc. Raises Stock Position in Eni S.p.A. (NYSE:E)

Pacer Advisors Inc. grew its holdings in Eni S.p.A. (NYSE:EFree Report) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,337,738 shares of the oil and gas exploration company’s stock after acquiring an additional 44,531 shares during the period. Pacer Advisors Inc.’s holdings in ENI were worth $45,496,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in shares of ENI in the 3rd quarter worth about $27,000. Bessemer Group Inc. increased its position in shares of ENI by 2,729.7% in the 2nd quarter. Bessemer Group Inc. now owns 1,047 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 1,010 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of ENI in the 4th quarter valued at about $38,000. Allworth Financial LP boosted its holdings in shares of ENI by 61.6% in the 3rd quarter. Allworth Financial LP now owns 1,802 shares of the oil and gas exploration company’s stock valued at $58,000 after buying an additional 687 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of ENI by 114.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,114 shares of the oil and gas exploration company’s stock valued at $50,000 after buying an additional 1,129 shares during the period. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Stock Up 0.4 %

E stock opened at $31.04 on Monday. Eni S.p.A. has a 52 week low of $25.85 and a 52 week high of $34.30. The company has a market capitalization of $55.43 billion, a price-to-earnings ratio of 10.28 and a beta of 1.01. The firm’s 50-day moving average is $31.43 and its two-hundred day moving average is $32.16. The company has a current ratio of 1.30, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41.

ENI (NYSE:EGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The oil and gas exploration company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.16). ENI had a return on equity of 14.91% and a net margin of 5.00%. The company had revenue of $26.95 billion for the quarter, compared to the consensus estimate of $19.86 billion. On average, analysts forecast that Eni S.p.A. will post 4.37 earnings per share for the current fiscal year.

ENI Increases Dividend

The firm also recently announced a — dividend, which will be paid on Monday, April 8th. Investors of record on Tuesday, March 19th will be issued a $0.5186 dividend. This is an increase from ENI’s previous — dividend of $0.49. This represents a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, March 18th. ENI’s payout ratio is presently 48.34%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Berenberg Bank lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Monday, February 19th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Read Our Latest Research Report on E

ENI Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ENI (NYSE:E)

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