Charles Schwab Investment Management Inc. Sells 18,199 Shares of Eni S.p.A. (NYSE:E)

Charles Schwab Investment Management Inc. lessened its stake in shares of Eni S.p.A. (NYSE:E) by 25.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,008 shares of the oil and gas exploration company’s stock after selling 18,199 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in ENI were worth $1,450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC increased its holdings in ENI by 33.5% during the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock valued at $17,691,000 after purchasing an additional 146,431 shares during the period. ABC Arbitrage SA purchased a new position in shares of ENI during the fourth quarter valued at approximately $803,000. HighTower Advisors LLC increased its stake in shares of ENI by 125.1% during the third quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company’s stock valued at $1,460,000 after buying an additional 26,646 shares during the period. Stifel Financial Corp raised its holdings in shares of ENI by 248.5% during the third quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock valued at $1,106,000 after acquiring an additional 26,013 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in ENI by 277.5% in the third quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock worth $939,000 after acquiring an additional 22,768 shares during the period. Institutional investors own 1.18% of the company’s stock.

ENI Stock Performance

Shares of E stock opened at $31.02 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The company’s fifty day moving average price is $29.33 and its 200-day moving average price is $29.37. The stock has a market cap of $52.36 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90. Eni S.p.A. has a 12 month low of $26.12 and a 12 month high of $33.78.

ENI Cuts Dividend

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

Analysts Set New Price Targets

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

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.