Eni SpA (E) Sees Unusually-High Trading Volume
Eni SpA (NYSE:E) saw unusually-high trading volume on Tuesday . Approximately 247,880 shares changed hands during mid-day trading, a decline of 5% from the previous session’s volume of 261,918 shares.The stock last traded at $27.84 and had previously closed at $28.32.
E has been the subject of a number of analyst reports. Zacks Investment Research cut Eni SpA from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Eni SpA in a report on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $25.99.
The company’s 50-day moving average is $30.22 and its 200-day moving average is $30.69. The firm’s market capitalization is $51.62 billion.
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The firm also recently disclosed a dividend, which will be paid on Friday, October 7th. Shareholders of record on Tuesday, September 20th will be given a dividend of $0.648 per share. The ex-dividend date of this dividend is Friday, September 16th. This is a positive change from Eni SpA’s previous dividend of $0.64. Eni SpA’s dividend payout ratio (DPR) is presently -19.91%.
A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in Eni SpA by 15.4% in the second quarter. Royal Bank of Canada now owns 520,801 shares of the oil and gas exploration company’s stock worth $16,847,000 after buying an additional 69,503 shares during the period. Brinker Capital Inc. purchased a new stake in Eni SpA during the second quarter worth $245,000. Eagle Global Advisors LLC increased its stake in Eni SpA by 29.7% in the second quarter. Eagle Global Advisors LLC now owns 26,200 shares of the oil and gas exploration company’s stock worth $848,000 after buying an additional 6,000 shares during the period. Parametric Portfolio Associates LLC increased its stake in Eni SpA by 15.9% in the second quarter. Parametric Portfolio Associates LLC now owns 388,522 shares of the oil and gas exploration company’s stock worth $12,569,000 after buying an additional 53,164 shares during the period. Finally, KCG Holdings Inc. purchased a new stake in Eni SpA during the second quarter worth $438,000. Hedge funds and other institutional investors own 1.75% of the company’s stock.
Eni SpA Company Profile
Eni SpA (Eni) is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products and commodity trading. The Company’s segments include Exploration & Production, Gas & Power, and Refining & Marketing.
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