Goldman Sachs Group Inc. Sells 27,864 Shares of Eni S.p.A. (NYSE:E)

Goldman Sachs Group Inc. lowered its holdings in Eni S.p.A. (NYSE:E) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,249,193 shares of the oil and gas exploration company’s stock after selling 27,864 shares during the quarter. Goldman Sachs Group Inc. owned about 0.07% of ENI worth $42,485,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of E. JFS Wealth Advisors LLC grew its position in ENI by 102.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock valued at $45,000 after purchasing an additional 669 shares during the period. Planned Solutions Inc. purchased a new position in ENI during the 4th quarter worth $84,000. GAMMA Investing LLC purchased a new position in ENI during the 4th quarter worth $105,000. Barometer Capital Management Inc. purchased a new position in ENI during the 4th quarter worth $119,000. Finally, Blue Trust Inc. boosted its holdings in ENI by 58.2% during the 4th quarter. Blue Trust Inc. now owns 5,466 shares of the oil and gas exploration company’s stock worth $174,000 after acquiring an additional 2,011 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Berenberg Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th.

ENI Trading Up 1.8 %

NYSE E opened at $30.13 on Friday. The stock has a market capitalization of $50.86 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.66 and a beta of 0.98. Eni S.p.A. has a one year low of $27.65 and a one year high of $34.30. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.24 and a quick ratio of 1.07. The business’s fifty day moving average is $31.53 and its 200-day moving average is $31.90.

ENI (NYSE:E) last released its earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.18). The business had revenue of $25.16 billion for the quarter, compared to the consensus estimate of $18.83 billion. ENI had a return on equity of 12.57% and a net margin of 3.95%. Equities research analysts predict that Eni S.p.A. will post 4.49 EPS for the current year.

ENI Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Tuesday, September 24th will be paid a $0.372 dividend. This is a boost from ENI’s previous quarterly dividend of $0.35. This represents a $1.49 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Tuesday, September 24th. ENI’s payout ratio is currently 60.34%.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.