HighTower Advisors LLC Sells 25,629 Shares of Eni S.p.A. (NYSE:E)

HighTower Advisors LLC lowered its position in Eni S.p.A. (NYSE:E) by 53.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,318 shares of the oil and gas exploration company’s stock after selling 25,629 shares during the quarter. HighTower Advisors LLC’s holdings in ENI were worth $611,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of ENI by 100.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company’s stock worth $2,158,000 after acquiring an additional 35,730 shares during the period. Cerity Partners LLC lifted its stake in ENI by 33.1% during the third quarter. Cerity Partners LLC now owns 36,993 shares of the oil and gas exploration company’s stock worth $1,121,000 after purchasing an additional 9,209 shares during the period. FMR LLC lifted its stake in ENI by 33.5% during the third quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock worth $17,691,000 after purchasing an additional 146,431 shares during the period. BNP Paribas Financial Markets boosted its holdings in ENI by 24,141.0% during the third quarter. BNP Paribas Financial Markets now owns 9,454 shares of the oil and gas exploration company’s stock valued at $287,000 after purchasing an additional 9,415 shares in the last quarter. Finally, Townsquare Capital LLC bought a new stake in shares of ENI in the 3rd quarter valued at approximately $231,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on E shares. UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $31.60 price objective (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $31.60.

ENI Stock Down 0.6 %

Shares of NYSE:E opened at $31.02 on Friday. The company has a 50 day moving average of $29.33 and a 200-day moving average of $29.37. Eni S.p.A. has a one year low of $26.12 and a one year high of $33.78. The stock has a market cap of $52.36 billion, a price-to-earnings ratio of 18.57, 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 business also recently announced a — dividend, which will be paid on Monday, April 7th. Shareholders of record on Tuesday, March 25th will be paid a $0.3549 dividend. This represents a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, March 25th. 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.