Meritage Portfolio Management Decreases Stock Holdings in Eni S.p.A. (NYSE:E)

Meritage Portfolio Management decreased its position in Eni S.p.A. (NYSE:E) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,696 shares of the oil and gas exploration company’s stock after selling 699 shares during the quarter. Meritage Portfolio Management’s holdings in ENI were worth $4,683,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of ENI in the fourth quarter valued at about $105,000. Signaturefd LLC grew its holdings in ENI by 5.7% in the fourth quarter. Signaturefd LLC now owns 24,492 shares of the oil and gas exploration company’s stock worth $833,000 after purchasing an additional 1,319 shares during the period. Calamos Wealth Management LLC purchased a new stake in ENI in the fourth quarter worth about $888,000. Flynn Zito Capital Management LLC purchased a new stake in ENI in the fourth quarter worth about $211,000. Finally, Simplicity Solutions LLC grew its holdings in ENI by 17.9% in the fourth quarter. Simplicity Solutions LLC now owns 12,114 shares of the oil and gas exploration company’s stock worth $412,000 after purchasing an additional 1,840 shares during the period. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

E has been the topic of a number of recent research reports. StockNews.com cut shares of ENI from a “buy” rating to a “hold” rating in a report on Monday. Berenberg Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th.

ENI Stock Up 0.6 %

Shares of NYSE E traded up $0.20 during midday trading on Thursday, hitting $32.79. The stock had a trading volume of 144,013 shares, compared to its average volume of 256,161. The business’s 50 day moving average is $31.88 and its 200-day moving average is $32.27. The company has a market cap of $55.35 billion, a P/E ratio of 10.81, a PEG ratio of 1.14 and a beta of 1.01. Eni S.p.A. has a 52 week low of $26.50 and a 52 week high of $34.30. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.40.

ENI (NYSE:E) last issued its quarterly earnings data on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.18). The company had revenue of $25.16 billion for the quarter, compared to the consensus estimate of $18.83 billion. ENI had a net margin of 5.00% and a return on equity of 14.91%. As a group, analysts predict that Eni S.p.A. will post 4.68 EPS for the current year.

ENI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Tuesday, May 21st will be given a dividend of $0.349 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.40 dividend on an annualized basis and a yield of 4.26%. ENI’s dividend payout ratio (DPR) is 48.01%.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. It 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. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.