Russell Investments Group Ltd. Has $1.76 Million Position in Eni SpA (NYSE:E)

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Russell Investments Group Ltd. lowered its position in shares of Eni SpA (NYSE:E) by 13.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,129 shares of the oil and gas exploration company’s stock after selling 8,032 shares during the quarter. Russell Investments Group Ltd.’s holdings in ENI were worth $1,755,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of E. Envestnet Asset Management Inc. lifted its position in ENI by 18.1% in the second quarter. Envestnet Asset Management Inc. now owns 109,803 shares of the oil and gas exploration company’s stock valued at $3,627,000 after purchasing an additional 16,846 shares during the last quarter. Advisor Group Inc. raised its position in shares of ENI by 3.4% during the 2nd quarter. Advisor Group Inc. now owns 12,966 shares of the oil and gas exploration company’s stock worth $429,000 after purchasing an additional 423 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of ENI by 39.7% during the 2nd quarter. Fisher Asset Management LLC now owns 1,490,039 shares of the oil and gas exploration company’s stock worth $49,216,000 after purchasing an additional 423,522 shares during the last quarter. SG Americas Securities LLC raised its position in shares of ENI by 87.6% during the 2nd quarter. SG Americas Securities LLC now owns 35,286 shares of the oil and gas exploration company’s stock worth $1,165,000 after purchasing an additional 16,477 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its position in shares of ENI by 8.8% during the 2nd quarter. Wetherby Asset Management Inc. now owns 17,822 shares of the oil and gas exploration company’s stock worth $589,000 after purchasing an additional 1,437 shares during the last quarter. Hedge funds and other institutional investors own 1.57% of the company’s stock.

Several brokerages recently issued reports on E. JPMorgan Chase & Co. began coverage on ENI in a research report on Monday. They set an “underweight” rating for the company. Kepler Capital Markets restated a “buy” rating on shares of ENI in a research report on Monday. Santander upgraded ENI from a “hold” rating to a “buy” rating in a report on Monday, June 17th. Zacks Investment Research upgraded ENI from a “strong sell” rating to a “hold” rating and set a $27.00 price target for the company in a report on Thursday, July 18th. Finally, Berenberg Bank downgraded ENI from a “buy” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. ENI presently has a consensus rating of “Hold” and an average price target of $20.67.

Shares of NYSE E traded up $0.39 during trading on Friday, hitting $31.98. 8,290 shares of the company traded hands, compared to its average volume of 243,794. Eni SpA has a 1 year low of $28.54 and a 1 year high of $39.16. The company has a 50-day moving average price of $30.05 and a 200-day moving average price of $32.49. The firm has a market capitalization of $58.13 billion, a P/E ratio of 10.67, a P/E/G ratio of 3.95 and a beta of 0.74. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.47.

ENI (NYSE:E) last posted its quarterly earnings data on Friday, July 26th. The oil and gas exploration company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.29). The firm had revenue of $21.16 billion during the quarter. ENI had a net margin of 4.59% and a return on equity of 8.51%. Research analysts predict that Eni SpA will post 2.31 EPS for the current fiscal year.

The business also recently announced a — dividend, which will be paid on Thursday, October 10th. Stockholders of record on Tuesday, September 24th will be paid a $0.9545 dividend. The ex-dividend date is Monday, September 23rd. This represents a dividend yield of 4.6%. ENI’s dividend payout ratio (DPR) is presently 44.00%.

ENI Company Profile

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.

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Institutional Ownership by Quarter for ENI (NYSE:E)

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