Brandes Investment Partners LP Sells 325,901 Shares of Eni SpA $E

Brandes Investment Partners LP trimmed its holdings in shares of Eni SpA (NYSE:E) by 44.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 410,556 shares of the oil and gas exploration company’s stock after selling 325,901 shares during the quarter. Brandes Investment Partners LP’s holdings in ENI were worth $15,577,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in E. Manchester Capital Management LLC increased its position in ENI by 56.8% during 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 $47,000. Larson Financial Group LLC boosted 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 last quarter. CIBC Private Wealth Group LLC bought a new stake in shares of ENI in the 3rd quarter valued at $48,000. Finally, Global Retirement Partners LLC boosted 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 last quarter. 1.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on E. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a research note on Monday, April 20th. BNP Paribas Exane raised ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective for the company 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. Zacks Research lowered ENI from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Rothschild & Co Redburn raised ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, ENI currently has an average rating of “Moderate Buy” and an average price target of $42.30.

ENI Stock Up 1.2%

Shares of NYSE E opened at $54.20 on Thursday. The firm has a market cap of $91.49 billion, a PE ratio of 31.15, a P/E/G ratio of 0.23 and a beta of 0.38. Eni SpA has a 12-month low of $31.35 and a 12-month high of $58.00. The company’s fifty day simple moving average is $54.74 and its 200 day simple moving average is $46.62. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 0.40.

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

ENI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Tuesday, May 19th were paid a dividend of $0.6313 per share. This is a boost from ENI’s previous quarterly dividend of $0.61. This represents a $2.53 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, May 19th. ENI’s payout ratio is currently 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.