Hantz Financial Services Inc. Makes New $1.41 Million Investment in Eni S.p.A. (NYSE:E)

Hantz Financial Services Inc. bought a new position in Eni S.p.A. (NYSE:E) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 45,769 shares of the oil and gas exploration company’s stock, valued at approximately $1,409,000.

Other institutional investors have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC increased its stake in ENI by 102.5% in 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 acquiring an additional 669 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in ENI in the 1st quarter worth about $74,000. GAMMA Investing LLC increased its stake in ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after acquiring an additional 404 shares during the last quarter. Barometer Capital Management Inc. bought a new position in ENI in the 4th quarter worth about $119,000. Finally, Toronto Dominion Bank bought a new position in shares of ENI during the 1st quarter valued at about $172,000. 1.18% of the stock is currently owned by institutional investors.

ENI Price Performance

Shares of ENI stock opened at $32.57 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.07. The business’s 50 day simple moving average is $31.33 and its two-hundred day simple moving average is $31.49. The stock has a market capitalization of $54.98 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96. Eni S.p.A. has a one year low of $28.82 and a one year high of $34.30.

ENI (NYSE:E) last announced its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). The company had revenue of $24.82 billion during the quarter, compared to analysts’ expectations of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. Analysts forecast that Eni S.p.A. will post 4.16 EPS for the current year.

ENI Increases Dividend

The business 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. 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 4.57%. The ex-dividend date of this dividend is Tuesday, September 24th. ENI’s payout ratio is 63.79%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on E shares. Stifel Nicolaus cut ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Royal Bank of Canada raised ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. Redburn Atlantic raised ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, June 25th. StockNews.com cut ENI from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Morgan Stanley raised ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective on the stock in a report on Thursday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, ENI presently has an average rating of “Moderate Buy” and an average target price of $39.60.

ENI Company Profile

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.