Forum Financial Management LP Buys 10,223 Shares of Eni S.p.A. (NYSE:E)

Forum Financial Management LP grew its position in shares of Eni S.p.A. (NYSE:E) by 55.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,823 shares of the oil and gas exploration company’s stock after buying an additional 10,223 shares during the quarter. Forum Financial Management LP’s holdings in ENI were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brandes Investment Partners LP grew its position in shares of ENI by 13.1% during the 4th quarter. Brandes Investment Partners LP now owns 606,769 shares of the oil and gas exploration company’s stock valued at $16,601,000 after acquiring an additional 70,507 shares during the period. Raymond James Financial Inc. bought a new stake in ENI during the fourth quarter valued at about $14,233,000. American Century Companies Inc. grew its holdings in ENI by 10.0% during the fourth quarter. American Century Companies Inc. now owns 388,578 shares of the oil and gas exploration company’s stock valued at $10,631,000 after purchasing an additional 35,363 shares during the period. Massachusetts Financial Services Co. MA increased its position in ENI by 35.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 280,242 shares of the oil and gas exploration company’s stock worth $7,667,000 after buying an additional 73,511 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new position in shares of ENI in the fourth quarter worth about $4,882,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on E shares. Morgan Stanley reissued an “equal weight” rating and issued a $31.60 target price (down from $37.50) on shares of ENI in a report on Tuesday, January 7th. StockNews.com cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, UBS Group downgraded shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.60.

ENI Price Performance

E stock opened at $27.76 on Friday. The company has a market capitalization of $46.85 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.86 and a beta of 0.73. The company’s fifty day moving average price is $29.08 and its 200-day moving average price is $28.97. Eni S.p.A. has a one year low of $24.65 and a one year high of $33.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27.

ENI Increases Dividend

The firm also recently declared a — dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.5391 per share. This is an increase from ENI’s previous — dividend of $0.35. The ex-dividend date is Tuesday, May 20th. This represents a yield of 5.5%. ENI’s dividend payout ratio is presently 87.72%.

ENI Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.