Northern Trust Corp Trims Stake in ENI S.p.A. (E)

Northern Trust Corp decreased its holdings in shares of ENI S.p.A. (NYSE:E) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,285,558 shares of the oil and gas exploration company’s stock after selling 27,964 shares during the period. Northern Trust Corp owned approximately 0.07% of ENI S.p.A. worth $38,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in shares of ENI S.p.A. by 0.8% in the second quarter. Bessemer Group Inc. now owns 3,922,724 shares of the oil and gas exploration company’s stock worth $117,916,000 after buying an additional 33,023 shares during the period. Brandes Investment Partners LP boosted its holdings in shares of ENI S.p.A. by 1.5% in the second quarter. Brandes Investment Partners LP now owns 3,915,346 shares of the oil and gas exploration company’s stock worth $117,695,000 after buying an additional 57,234 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of ENI S.p.A. by 2.7% in the first quarter. Macquarie Group Ltd. now owns 2,466,036 shares of the oil and gas exploration company’s stock worth $80,713,000 after buying an additional 64,171 shares during the period. Mondrian Investment Partners LTD boosted its holdings in shares of ENI S.p.A. by 19.6% in the second quarter. Mondrian Investment Partners LTD now owns 1,713,077 shares of the oil and gas exploration company’s stock worth $51,495,000 after buying an additional 281,160 shares during the period. Finally, Federated Investors Inc. PA boosted its holdings in shares of ENI S.p.A. by 111.9% in the second quarter. Federated Investors Inc. PA now owns 1,031,970 shares of the oil and gas exploration company’s stock worth $31,021,000 after buying an additional 544,931 shares during the period. Institutional investors own 1.66% of the company’s stock.

ENI S.p.A. (NYSE:E) last issued its quarterly earnings data on Friday, July 28th. The oil and gas exploration company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.18. ENI S.p.A. had a return on equity of 2.23% and a net margin of 1.14%. The business had revenue of $17.20 billion during the quarter.

The firm also recently disclosed a None dividend, which was paid on Friday, October 6th. Investors of record on Tuesday, September 19th were given a $0.676 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a dividend yield of 5.86%. ENI S.p.A.’s dividend payout ratio is presently 319.52%.

Several research analysts have commented on E shares. Zacks Investment Research cut shares of ENI S.p.A. from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Barclays PLC cut shares of ENI S.p.A. from an “equal weight” rating to an “underweight” rating and set a $16.00 target price for the company. in a report on Monday, August 21st. Credit Suisse Group cut shares of ENI S.p.A. from an “outperform” rating to a “neutral” rating in a report on Thursday, August 3rd. Societe Generale reiterated a “buy” rating on shares of ENI S.p.A. in a report on Wednesday, July 26th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of ENI S.p.A. in a report on Wednesday, August 30th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.00.

WARNING: “Northern Trust Corp Trims Stake in ENI S.p.A. (E)” was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://stocknewstimes.com/2017/10/13/northern-trust-corp-trims-stake-in-eni-s-p-a-e.html.

ENI S.p.A. Profile

Eni SpA (Eni) is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading.

Want to see what other hedge funds are holding E? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ENI S.p.A. (NYSE:E).

Institutional Ownership by Quarter for ENI S.p.A. (NYSE:E)

Receive News & Ratings for ENI S.p.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ENI S.p.A. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply