LFG Wealth Partners LLC Invests $2.98 Million in Eni SpA $E

LFG Wealth Partners LLC bought a new position in Eni SpA (NYSE:E) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 78,414 shares of the oil and gas exploration company’s stock, valued at approximately $2,975,000. ENI accounts for 1.9% of LFG Wealth Partners LLC’s holdings, making the stock its 12th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Natixis Advisors LLC boosted its position in shares of ENI by 5.3% in the fourth quarter. Natixis Advisors LLC now owns 3,279,164 shares of the oil and gas exploration company’s stock worth $124,411,000 after buying an additional 165,454 shares during the period. Morgan Stanley boosted its position in shares of ENI by 0.6% in the fourth quarter. Morgan Stanley now owns 3,019,566 shares of the oil and gas exploration company’s stock worth $114,562,000 after buying an additional 16,671 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of ENI by 2.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,353,911 shares of the oil and gas exploration company’s stock worth $51,367,000 after buying an additional 38,688 shares during the period. American Century Companies Inc. boosted its position in shares of ENI by 33.2% in the third quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock worth $22,259,000 after buying an additional 158,699 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of ENI by 8.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 589,265 shares of the oil and gas exploration company’s stock worth $22,357,000 after buying an additional 44,588 shares during the period. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on E. Rothschild & Co Redburn raised ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Wall Street Zen cut ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. BNP Paribas Exane upgraded ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price target on the stock in a research note on Friday, April 17th. JPMorgan Chase & Co. upgraded ENI from an “underweight” rating to an “overweight” rating in a research note on Monday, March 2nd. Finally, Zacks Research cut ENI from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.30.

ENI Trading Down 4.1%

NYSE:E opened at $51.32 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16. Eni SpA has a one year low of $31.86 and a one year high of $58.00. The business’s 50-day simple moving average is $54.55 and its 200 day simple moving average is $46.96. The stock has a market cap of $86.63 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 0.23 and a beta of 0.38.

ENI (NYSE:E) last released its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 EPS for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%.The business had revenue of $23.22 billion for the quarter. As a group, sell-side analysts predict that Eni SpA will post 6.07 earnings per share for the current fiscal year.

ENI Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.6313 per share. The ex-dividend date was Tuesday, May 19th. This is an increase from ENI’s previous quarterly dividend of $0.61. This represents a $2.53 annualized dividend and a yield of 4.9%. ENI’s payout ratio is currently 99.43%.

About ENI

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.