Planned Solutions Inc. Acquires Shares of 2,465 Eni S.p.A. (NYSE:E)

Planned Solutions Inc. bought a new position in shares of Eni S.p.A. (NYSE:E) in the fourth quarter, HoldingsChannel reports. The firm bought 2,465 shares of the oil and gas exploration company’s stock, valued at approximately $84,000.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of ENI by 10.3% in the first quarter. Bank of New York Mellon Corp now owns 29,861 shares of the oil and gas exploration company’s stock valued at $873,000 after buying an additional 2,796 shares in the last quarter. American Century Companies Inc. increased its position in ENI by 38.9% during the first quarter. American Century Companies Inc. now owns 89,779 shares of the oil and gas exploration company’s stock worth $2,626,000 after buying an additional 25,157 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of ENI by 11.1% in the first quarter. HighTower Advisors LLC now owns 9,327 shares of the oil and gas exploration company’s stock worth $272,000 after acquiring an additional 930 shares during the last quarter. Citigroup Inc. boosted its stake in shares of ENI by 199.8% during the 1st quarter. Citigroup Inc. now owns 30,199 shares of the oil and gas exploration company’s stock worth $883,000 after purchasing an additional 20,127 shares during the last quarter. Finally, BlackRock Inc. boosted its position in ENI by 1.0% during the first quarter. BlackRock Inc. now owns 590,847 shares of the oil and gas exploration company’s stock worth $17,282,000 after acquiring an additional 5,621 shares during the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Price Performance

E stock opened at $31.47 on Thursday. The stock has a 50-day moving average price of $31.38 and a two-hundred day moving average price of $32.16. The company has a market cap of $56.20 billion, a PE ratio of 10.42 and a beta of 1.01. The company has a current ratio of 1.30, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. Eni S.p.A. has a 12-month low of $26.50 and a 12-month high of $34.30.

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

ENI Increases Dividend

The company also recently announced a — dividend, which will be paid on Monday, April 8th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5186 per share. This is a boost from ENI’s previous — dividend of $0.49. This represents a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, March 18th. ENI’s payout ratio is presently 48.34%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. StockNews.com lowered ENI from a “buy” rating to a “hold” rating in a research note on Monday, February 19th. Berenberg Bank cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Four 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 company 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.