Bank of New York Mellon Corp Increases Stake in Eni S.p.A. (NYSE:E)

Bank of New York Mellon Corp raised its holdings in Eni S.p.A. (NYSE:E) by 9.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,546 shares of the oil and gas exploration company’s stock after buying an additional 3,667 shares during the period. Bank of New York Mellon Corp’s holdings in ENI were worth $1,164,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Allworth Financial LP raised its holdings in ENI by 30.5% in the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock valued at $70,000 after acquiring an additional 581 shares in the last quarter. R Squared Ltd purchased a new stake in shares of ENI in the 4th quarter valued at approximately $103,000. Townsquare Capital LLC acquired a new stake in shares of ENI in the 3rd quarter valued at $231,000. Park Avenue Securities LLC purchased a new stake in shares of ENI during the 4th quarter worth $216,000. Finally, MML Investors Services LLC grew its stake in shares of ENI by 7.6% during the third quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock worth $247,000 after purchasing an additional 576 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

Analysts Set New Price Targets

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

ENI Stock Down 0.4 %

E opened at $31.03 on Tuesday. The business has a 50 day simple moving average of $29.15 and a 200-day simple moving average of $29.35. Eni S.p.A. has a 12 month low of $26.12 and a 12 month high of $33.78. The stock has a market capitalization of $52.38 billion, a P/E ratio of 18.58, a P/E/G ratio of 1.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07.

ENI Cuts Dividend

The company also recently announced a — dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.3549 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a yield of 5.1%. ENI’s payout ratio is 83.04%.

ENI Company 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.