Planned Solutions Inc. Makes New Investment in Eni S.p.A. (NYSE:E)

Planned Solutions Inc. bought a new stake in Eni S.p.A. (NYSE:E) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,465 shares of the oil and gas exploration company’s stock, valued at approximately $84,000.

A number of other large investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its stake in ENI by 18.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,185,838 shares of the oil and gas exploration company’s stock worth $63,936,000 after purchasing an additional 344,808 shares in the last quarter. Natixis Advisors L.P. raised its position in shares of ENI by 12.9% in the third quarter. Natixis Advisors L.P. now owns 1,879,914 shares of the oil and gas exploration company’s stock valued at $60,007,000 after buying an additional 214,659 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of ENI by 319.7% in the first quarter. Envestnet Asset Management Inc. now owns 1,372,317 shares of the oil and gas exploration company’s stock valued at $7,637,000 after buying an additional 1,045,349 shares during the period. Pacer Advisors Inc. grew its position in ENI by 3.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,337,738 shares of the oil and gas exploration company’s stock worth $45,496,000 after buying an additional 44,531 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in ENI by 1.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,267,160 shares of the oil and gas exploration company’s stock worth $36,482,000 after acquiring an additional 17,815 shares during the period. Institutional investors own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on E shares. Berenberg Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. StockNews.com cut ENI from a “buy” rating to a “hold” rating in a research note on Monday, February 19th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

ENI Stock Performance

NYSE:E opened at $31.47 on Thursday. The stock’s 50-day moving average is $31.38 and its 200-day moving average is $32.16. Eni S.p.A. has a 1-year low of $26.50 and a 1-year high of $34.30. The company has a current ratio of 1.30, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. The stock has a market cap of $56.20 billion, a P/E ratio of 10.42 and a beta of 1.01.

ENI (NYSE:E) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas exploration company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.16). The business had revenue of $26.95 billion for the quarter, compared to analyst estimates of $19.86 billion. ENI had a return on equity of 14.91% and a net margin of 5.00%. Equities research analysts anticipate that Eni S.p.A. will post 4.37 earnings per share for the current year.

ENI Increases Dividend

The company also recently announced a — dividend, which will be paid on Monday, April 8th. Investors of record on Tuesday, March 19th will be paid a dividend of $0.5186 per share. This represents a yield of 4.4%. The ex-dividend date is Monday, March 18th. This is an increase from ENI’s previous — dividend of $0.49. ENI’s dividend payout ratio (DPR) is currently 48.34%.

ENI Company Profile

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.