Ritholtz Wealth Management Has $507,000 Stock Position in Eni S.p.A. (NYSE:E)

Ritholtz Wealth Management lessened its position in shares of Eni S.p.A. (NYSE:E) by 10.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,475 shares of the oil and gas exploration company’s stock after selling 1,956 shares during the quarter. Ritholtz Wealth Management’s holdings in ENI were worth $507,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Optiver Holding B.V. raised its position in shares of ENI by 365.8% during the 4th quarter. Optiver Holding B.V. now owns 335,353 shares of the oil and gas exploration company’s stock valued at $11,405,000 after acquiring an additional 263,362 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in ENI in the second quarter valued at about $3,764,000. Dorsey Wright & Associates acquired a new position in ENI in the fourth quarter valued at about $2,143,000. Hantz Financial Services Inc. bought a new position in ENI during the second quarter worth about $1,409,000. Finally, Massachusetts Financial Services Co. MA grew its position in shares of ENI by 25.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 174,445 shares of the oil and gas exploration company’s stock worth $5,933,000 after buying an additional 34,998 shares during the period. Institutional investors own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Redburn Atlantic raised shares of ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a research report on Thursday, August 29th. Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. Stifel Nicolaus lowered ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.60.

ENI Stock Down 0.8 %

Shares of E stock opened at $31.29 on Thursday. Eni S.p.A. has a 12-month low of $28.82 and a 12-month high of $34.30. The company has a quick ratio of 1.09, a current ratio of 1.28 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average of $31.41 and a 200-day moving average of $31.51. The company has a market capitalization of $52.82 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 1.30 and a beta of 0.96.

ENI (NYSE:E) last released its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). The firm had revenue of $24.82 billion for the quarter, compared to the consensus estimate of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. As a group, equities research analysts predict that Eni S.p.A. will post 4.16 earnings per share for the current fiscal year.

ENI Announces Dividend

The company also recently declared a — dividend, which will be paid on Friday, December 6th. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.4993 per share. This represents a yield of 4.7%. The ex-dividend date is Tuesday, November 19th. ENI’s dividend payout ratio (DPR) is currently 60.34%.

ENI Company Profile

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.