Eni S.p.A. (NYSE:E) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lessened its stake in Eni S.p.A. (NYSE:E) by 22.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,883 shares of the oil and gas exploration company’s stock after selling 7,867 shares during the period. Schechter Investment Advisors LLC’s holdings in ENI were worth $914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of E. Assetmark Inc. acquired a new position in ENI in the third quarter valued at $27,000. Bessemer Group Inc. raised its holdings in shares of ENI by 2,729.7% in the second quarter. Bessemer Group Inc. now owns 1,047 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 1,010 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of ENI in the fourth quarter valued at about $38,000. Captrust Financial Advisors raised its holdings in shares of ENI by 114.6% in the second quarter. Captrust Financial Advisors now owns 2,114 shares of the oil and gas exploration company’s stock valued at $50,000 after buying an additional 1,129 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of ENI by 61.6% in the third quarter. Allworth Financial LP now owns 1,802 shares of the oil and gas exploration company’s stock valued at $58,000 after buying an additional 687 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Trading Up 0.5 %

NYSE E opened at $31.47 on Thursday. The stock has a market capitalization of $56.20 billion, a P/E ratio of 10.42 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 firm has a 50-day moving average price of $31.38 and a 200 day moving average price of $32.16. The company has a quick ratio of 1.13, a current ratio of 1.30 and a debt-to-equity ratio of 0.41.

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

ENI Increases Dividend

The business also recently announced a — dividend, which will be paid on Monday, April 8th. Shareholders of record on Tuesday, March 19th will be issued a $0.5186 dividend. The ex-dividend date of this dividend is Monday, March 18th. This is a boost from ENI’s previous — dividend of $0.49. This represents a yield of 4.4%. ENI’s dividend payout ratio (DPR) is 48.01%.

Wall Street Analysts Forecast Growth

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

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.