Advisors Asset Management Inc. Has $933,000 Stake in Eni SpA (E)
Advisors Asset Management Inc. reduced its position in Eni SpA (NYSE:E) by 47.9% during the second quarter, Holdings Channel reports. The firm owned 28,839 shares of the oil and gas exploration company’s stock after selling 26,561 shares during the period. Advisors Asset Management Inc.’s holdings in Eni SpA were worth $933,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased 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 increased its stake in 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 during the period. Wedge Capital Management L L P NC increased its stake in 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 during the period. Franklin Resources Inc. increased 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. purchased a new stake in Eni SpA during the second quarter worth about $9,705,000. 1.74% of the stock is owned by institutional investors.
Eni SpA (NYSE:E) traded up 0.67% on Thursday, hitting $28.42. The company had a trading volume of 444,703 shares. The firm’s 50 day moving average price is $30.11 and its 200 day moving average price is $30.65. The stock’s market cap is $52.81 billion. Eni SpA has a 12-month low of $24.73 and a 12-month high of $36.02.
The firm also recently declared a dividend, which will be paid on Friday, October 7th. Shareholders 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 dividend payout ratio (DPR) is currently -19.91%.
A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded Eni SpA from a “hold” rating to a “sell” rating in a research report on Thursday, July 14th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Eni SpA in a research report on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Eni SpA 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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