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Simplicity Solutions LLC increases stakes in Eni SpA (NYSE:E)


Simplicity Solutions LLC grew its stake in shares of Eni SpA (NYSE:E – Free Report) by 17.9% in the fourth quarter, HoldingsChannel.com reports. The company owned 12,114 shares of the oil and gas exploration company, after purchasing an additional 1,840 shares during the period. Simplicity Solutions LLC’s holdings in ENI were worth $412,000 at the end of the most recent quarter.

Several other institutional investors have also recently increased or decreased their stakes in the stock. Raymond James & Associates increased its position in shares of ENI by 14.6% during the fourth quarter. Raymond James & Associates now owns 493,470 shares of the oil and gas exploration company’s stock worth $16,783,000 after purchasing an additional 62,964 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in shares of ENI by 14.6% in the fourth quarter. DAVENPORT & Co LLC now owns 7,442 shares of the oil and gas exploration company’s stock worth $253,000 after acquiring an additional 946 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of ENI by 94.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 162,196 shares of the oil and gas exploration company’s stock worth $5,177,000 after acquiring an additional 78,957 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of ENI by 8.4% in the third quarter. Janney Montgomery Scott LLC now owns 14,642 shares of the oil and gas exploration company’s stock worth $467,000 after acquiring an additional 1,131 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in ENI by 13.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 11,360 shares of the oil and gas exploration company’s stock worth $386,000 after purchasing an additional 1,384 shares during the period. Institutional investors and hedge funds own 1.18% of the company’s shares.

Wall Street analysts predict growth

Several equity research analysts have weighed in on E-stocks. Berenberg Bank downgraded ENI from a “buy” rating to a “hold” rating in a report on Wednesday, March 20. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a research note on Friday, April 12th.

Check out our latest analysis on ENI

ENI stock performance

NYSE:E opened at $32.54 on Friday. The company has a market cap of $54.93 billion, a price-to-earnings ratio of 10.77, a price-to-earnings growth ratio of 1.11, and a beta of 1.01. 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’s fifty day moving average price is $31.76 and its 200 day moving average price is $32.21. Eni SpA has a 12-month low of $26.50 and a 12-month high of $34.30.

ENI (NYSE:E – Get Free Report) posted its latest earnings results on Wednesday, February 21. The oil and gas exploration company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.22 by ($0.16). The company had revenue of $26.95 billion for the quarter, compared to analyst estimates of $19.86 billion. ENI had a return on equity of 14.91% and a net margin of 5.00%. On average, sell-side analysts expect that Eni SpA will post earnings per share of 4.68 for the current financial year.

ENI dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7. Shareholders of record on Tuesday, May 21 will receive a dividend of $0.349 per share. The ex-dividend date is Monday, May 20. This represents a dividend of $1.40 annually and a dividend yield of 4.29%. ENI’s dividend payout ratio currently stands at 48.01%.

ENI profile

(Free report)

Eni SpA operates worldwide as an integrated energy company. It is engaged in the exploration, development, extraction, production and marketing of crude oil and natural gas, oil-based fuels, chemical products and gas-fired energy, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas and LNG Portfolio (GGP); Refining and marketing and chemicals; Fullness and strength; and the Corporate and Other Activities segments.

Also see

Want to see which other hedge funds own E? Visit HoldingsChannel.com for the latest 13F filings and insider trades for Eni SpA (NYSE:E – Free Report).

Quarterly Institutional Ownership for ENI (NYSE:E)



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