RD Lewis Holdings Inc. Buys Shares of 67,234 Eni SpA $E

RD Lewis Holdings Inc. purchased a new stake in shares of Eni SpA (NYSE:E) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 67,234 shares of the oil and gas exploration company’s stock, valued at approximately $2,316,000. ENI accounts for approximately 2.3% of RD Lewis Holdings Inc.’s portfolio, making the stock its 12th biggest holding.

Other large investors have also modified their holdings of the company. NewSquare Capital LLC lifted its position in ENI by 179.3% in the 2nd quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 588 shares during the last quarter. MAI Capital Management grew its position in ENI by 2,488.4% in the 2nd quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after purchasing an additional 1,070 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of ENI by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company’s stock valued at $49,000 after purchasing an additional 750 shares during the period. Brooklyn Investment Group bought a new stake in shares of ENI during the first quarter valued at approximately $54,000. Finally, SVB Wealth LLC bought a new stake in shares of ENI during the first quarter valued at approximately $78,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup reissued a “neutral” rating on shares of ENI in a report on Tuesday, November 4th. Royal Bank Of Canada lowered ENI from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 2nd. HSBC lowered ENI from a “buy” rating to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a research report on Wednesday, October 8th. Finally, Hsbc Global Res downgraded shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.60.

ENI Trading Down 0.2%

Shares of ENI stock opened at $37.27 on Friday. The business has a fifty day simple moving average of $35.99 and a 200-day simple moving average of $33.87. Eni SpA has a fifty-two week low of $24.65 and a fifty-two week high of $38.47. The firm has a market cap of $62.90 billion, a price-to-earnings ratio of 20.36 and a beta of 0.87. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.37.

ENI (NYSE:E) last issued its quarterly earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.73 by $0.17. ENI had a net margin of 3.20% and a return on equity of 8.58%. The firm had revenue of $23.46 billion for the quarter, compared to analysts’ expectations of $19.88 billion. On average, equities analysts forecast that Eni SpA will post 3.74 EPS for the current fiscal year.

ENI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 25th will be issued a $0.5814 dividend. This represents a $2.33 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Tuesday, November 25th. ENI’s payout ratio is presently 87.43%.

About ENI

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.