Eni SpA $E Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in Eni SpA (NYSE:E) by 16,704.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,422 shares of the oil and gas exploration company’s stock after purchasing an additional 91,872 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ENI were worth $3,506,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Moneco Advisors LLC acquired a new position in shares of ENI in the 4th quarter valued at approximately $2,821,000. Purkiss Capital Advisors LLC acquired a new position in shares of ENI in the 4th quarter valued at approximately $696,000. Drive Wealth Management LLC acquired a new position in shares of ENI in the 4th quarter valued at approximately $214,000. MGO One Seven LLC raised its position in shares of ENI by 2.3% in the 4th quarter. MGO One Seven LLC now owns 11,882 shares of the oil and gas exploration company’s stock valued at $451,000 after purchasing an additional 263 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of ENI by 8.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 33,351 shares of the oil and gas exploration company’s stock valued at $1,265,000 after purchasing an additional 2,520 shares in the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Stock Performance

E stock opened at $54.37 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The firm has a market cap of $91.77 billion, a P/E ratio of 31.25, a P/E/G ratio of 0.23 and a beta of 0.41. Eni SpA has a 12-month low of $28.78 and a 12-month high of $58.00. The stock’s 50 day simple moving average is $54.68 and its 200 day simple moving average is $45.15.

ENI (NYSE:E) last posted its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%.The business had revenue of $23.22 billion for the quarter. As a group, equities research analysts predict that Eni SpA will post 6.08 EPS for the current year.

ENI Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th will be given a $0.6313 dividend. This is a boost from ENI’s previous quarterly dividend of $0.61. This represents a $2.53 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, May 19th. ENI’s dividend payout ratio is 100.57%.

Analysts Set New Price Targets

E has been the topic of a number of recent analyst reports. BNP Paribas Exane raised ENI from a “neutral” rating to an “outperform” rating and set a $64.30 target price on the stock in a research report on Friday, April 17th. Erste Group Bank raised ENI to a “strong-buy” rating in a research report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a research report on Monday, April 20th. Zacks Research raised ENI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.30.

ENI Company Profile

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.