Redhawk Wealth Advisors Inc. Makes New $923,000 Investment in Eni SpA $E

Redhawk Wealth Advisors Inc. acquired a new stake in Eni SpA (NYSE:E) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 24,335 shares of the oil and gas exploration company’s stock, valued at approximately $923,000.

Several other hedge funds and other institutional investors have also made changes to their positions in E. Natixis Advisors LLC raised its position in ENI by 6.6% during the third quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after acquiring an additional 192,646 shares in the last quarter. Brandes Investment Partners LP grew its position in shares of ENI by 5.4% in the 2nd quarter. Brandes Investment Partners LP now owns 702,770 shares of the oil and gas exploration company’s stock valued at $22,784,000 after acquiring an additional 35,772 shares during the period. American Century Companies Inc. increased its stake in shares of ENI by 33.2% during the 3rd quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock worth $22,259,000 after purchasing an additional 158,699 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of ENI by 6.3% during the 3rd quarter. Raymond James Financial Inc. now owns 541,031 shares of the oil and gas exploration company’s stock worth $18,909,000 after purchasing an additional 32,107 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of ENI by 44.9% in the 2nd quarter. Quantinno Capital Management LP now owns 202,792 shares of the oil and gas exploration company’s stock valued at $6,575,000 after purchasing an additional 62,834 shares during the period. 1.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on E shares. Zacks Research upgraded ENI from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Wall Street Zen cut ENI from a “buy” rating to a “hold” rating in a research report on Saturday. Erste Group Bank upgraded ENI to a “strong-buy” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. raised ENI from an “underweight” rating to an “overweight” rating in a report on Monday, March 2nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of ENI in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, ENI currently has a consensus rating of “Moderate Buy” and an average target price of $34.60.

ENI Stock Performance

NYSE:E opened at $55.16 on Monday. The stock has a 50 day simple moving average of $45.71 and a 200 day simple moving average of $39.86. The stock has a market cap of $93.11 billion, a P/E ratio of 32.45 and a beta of 0.57. Eni SpA has a 1-year low of $24.65 and a 1-year high of $55.38. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38.

ENI (NYSE:E) last released its quarterly earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 EPS for the quarter. ENI had a net margin of 3.07% and a return on equity of 9.27%. The business had revenue of $24.64 billion for the quarter. Research analysts anticipate that Eni SpA will post 3.74 earnings per share for the current year.

ENI Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Tuesday, March 24th will be paid a dividend of $0.6137 per share. The ex-dividend date is Tuesday, March 24th. This is a positive change from ENI’s previous quarterly dividend of $0.58. This represents a $2.45 dividend on an annualized basis and a yield of 4.4%. ENI’s dividend payout ratio is currently 99.41%.

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.