BlackRock Advisors LLC boosted its position in shares of Eni SpA (NYSE:E) by 127.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 382,170 shares of the oil and gas exploration company’s stock after buying an additional 214,300 shares during the period. BlackRock Advisors LLC’s holdings in Eni SpA were worth $12,363,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bessemer Group Inc. raised its stake in shares of Eni SpA by 84.7% in the first quarter. Bessemer Group Inc. now owns 2,664,638 shares of the oil and gas exploration company’s stock worth $80,525,000 after buying an additional 1,222,313 shares in the last quarter. Mondrian Investment Partners LTD raised its stake in shares of Eni SpA by 67.5% in the second quarter. Mondrian Investment Partners LTD now owns 868,752 shares of the oil and gas exploration company’s stock worth $28,104,000 after buying an additional 350,000 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Eni SpA by 6.1% in the second quarter. Wedge Capital Management L L P NC now owns 535,376 shares of the oil and gas exploration company’s stock worth $17,319,000 after buying an additional 30,881 shares in the last quarter. Franklin Resources Inc. raised its stake in Eni SpA by 5.8% in the first quarter. Franklin Resources Inc. now owns 316,489 shares of the oil and gas exploration company’s stock worth $9,564,000 after buying an additional 17,299 shares during the period. Finally, I.G. Investment Management LTD. acquired a new stake in Eni SpA during the second quarter worth $9,705,000. Institutional investors and hedge funds own 1.74% of the company’s stock.
Eni SpA (NYSE:E) opened at 29.73 on Thursday. Eni SpA has a 12-month low of $24.73 and a 12-month high of $36.02. The firm’s market cap is $55.25 billion. The stock’s 50 day moving average is $29.65 and its 200 day moving average is $30.56.
The firm also recently announced a dividend, which will be paid on Friday, October 7th. Investors of record on Tuesday, September 20th will be paid a dividend of $0.648 per share. This is a boost from Eni SpA’s previous dividend of $0.64. The ex-dividend date of this dividend is Friday, September 16th. Eni SpA’s payout ratio is presently -19.75%.
Several research firms have commented on E. Zacks Investment Research lowered shares of Eni SpA from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. Deutsche Bank AG raised shares of Eni SpA from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Eni SpA in a research report on Thursday, July 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.99.
Eni SpA Company Profile
Eni SpA (Eni) is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products and commodity trading. The Company’s segments include Exploration & Production, Gas & Power, and Refining & Marketing.
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