Eni S.p.A. (NYSE:E) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its holdings in shares of Eni S.p.A. (NYSE:E) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,341 shares of the oil and gas exploration company’s stock after purchasing an additional 484 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in ENI were worth $201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in shares of 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 purchasing an additional 581 shares during the period. R Squared Ltd acquired a new stake in shares of ENI during the fourth quarter worth $103,000. Jones Financial Companies Lllp grew its position in ENI by 93.4% in the 4th quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company’s stock valued at $122,000 after buying an additional 2,149 shares during the last quarter. Park Avenue Securities LLC acquired a new position in ENI in the 4th quarter valued at $216,000. Finally, Smartleaf Asset Management LLC raised its position in ENI by 15.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 8,360 shares of the oil and gas exploration company’s stock worth $227,000 after buying an additional 1,096 shares during the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

E has been the topic of several recent analyst reports. Morgan Stanley reiterated an “equal weight” rating and set a $31.60 target price (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. StockNews.com cut ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Six 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 company presently has an average rating of “Hold” and a consensus target price of $31.60.

ENI Trading Down 0.6 %

ENI stock opened at $31.02 on Friday. The stock has a 50-day moving average price of $29.33 and a 200 day moving average price of $29.37. Eni S.p.A. has a 52 week low of $26.12 and a 52 week high of $33.78. The stock has a market cap of $52.36 billion, a PE ratio of 18.57, a P/E/G ratio of 1.86 and a beta of 0.90. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

ENI Cuts Dividend

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

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.