Capital Wealth Planning LLC Purchases 160,324 Shares of Eni SpA $E

Capital Wealth Planning LLC boosted its position in shares of Eni SpA (NYSE:E) by 109.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 306,408 shares of the oil and gas exploration company’s stock after acquiring an additional 160,324 shares during the period. Capital Wealth Planning LLC’s holdings in ENI were worth $11,962,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of E. Manchester Capital Management LLC grew its stake in shares of ENI by 56.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock valued at $46,000 after purchasing an additional 437 shares during the period. Advisory Services Network LLC bought a new stake in shares of ENI in the 3rd quarter valued at approximately $47,000. Larson Financial Group LLC grew its stake in shares of ENI by 37.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after purchasing an additional 378 shares during the period. CIBC Private Wealth Group LLC bought a new stake in shares of ENI in the 3rd quarter valued at approximately $48,000. Finally, Global Retirement Partners LLC grew its stake in shares of ENI by 320.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,375 shares of the oil and gas exploration company’s stock valued at $52,000 after purchasing an additional 1,048 shares during the period. 1.18% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on E shares. BNP Paribas Exane upgraded ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective on the stock in a research note on Friday, April 17th. Erste Group Bank upgraded ENI to a “strong-buy” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada upped their price objective on ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, April 9th. Zacks Research lowered ENI from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Dbs Bank upgraded ENI from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 28th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.30.

ENI Stock Up 1.2%

Shares of E opened at $54.20 on Thursday. The company has a market capitalization of $91.49 billion, a P/E ratio of 31.15, a PEG ratio of 0.23 and a beta of 0.38. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 1.02. Eni SpA has a one year low of $31.35 and a one year high of $58.00. The business’s 50 day simple moving average is $54.74 and its 200-day simple moving average is $46.62.

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

ENI Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th were issued a $0.6313 dividend. This represents a $2.53 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, May 19th. This is an increase from ENI’s previous quarterly dividend of $0.61. ENI’s dividend payout ratio (DPR) is presently 99.43%.

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.