Goldman Sachs Group Inc. Sells 27,864 Shares of Eni S.p.A. (NYSE:E)

Goldman Sachs Group Inc. lessened its holdings in Eni S.p.A. (NYSE:E) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,249,193 shares of the oil and gas exploration company’s stock after selling 27,864 shares during the period. Goldman Sachs Group Inc.’s holdings in ENI were worth $42,485,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JFS Wealth Advisors LLC grew its position in shares of ENI by 102.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock worth $45,000 after buying an additional 669 shares in the last quarter. Planned Solutions Inc. bought a new position in shares of ENI during the 4th quarter worth $84,000. GAMMA Investing LLC bought a new position in shares of ENI during the 4th quarter worth $105,000. Barometer Capital Management Inc. bought a new position in shares of ENI during the 4th quarter worth $119,000. Finally, Blue Trust Inc. lifted its stake in shares of ENI by 58.2% during the 4th quarter. Blue Trust Inc. now owns 5,466 shares of the oil and gas exploration company’s stock worth $174,000 after purchasing an additional 2,011 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Trading Up 1.8 %

Shares of NYSE E opened at $30.13 on Friday. The business has a fifty day moving average price of $31.53 and a 200 day moving average price of $31.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.24 and a quick ratio of 1.07. Eni S.p.A. has a 1-year low of $27.65 and a 1-year high of $34.30. The stock has a market capitalization of $50.86 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 1.66 and a beta of 0.98.

ENI (NYSE:E) last released its quarterly earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.18). ENI had a net margin of 3.95% and a return on equity of 12.57%. The business had revenue of $25.16 billion during the quarter, compared to analysts’ expectations of $18.83 billion. Equities research analysts expect that Eni S.p.A. will post 4.49 EPS for the current fiscal year.

ENI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Tuesday, September 24th will be paid a $0.372 dividend. The ex-dividend date of this dividend is Tuesday, September 24th. This is a boost from ENI’s previous quarterly dividend of $0.35. This represents a $1.49 dividend on an annualized basis and a yield of 4.94%. ENI’s dividend payout ratio (DPR) is 60.34%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on E shares. Berenberg Bank cut ENI from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th.

About ENI

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.