US Bancorp DE Boosts Holdings in Eni S.p.A. (NYSE:E)

US Bancorp DE lifted its stake in Eni S.p.A. (NYSE:E) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,631 shares of the oil and gas exploration company’s stock after purchasing an additional 4,525 shares during the quarter. US Bancorp DE’s holdings in ENI were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of E. Allworth Financial LP raised its position in ENI by 30.5% in the 4th quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock worth $70,000 after buying an additional 581 shares during the last quarter. R Squared Ltd purchased a new position in ENI in the 4th quarter worth about $103,000. Wealth Enhancement Advisory Services LLC purchased a new position in ENI in the 3rd quarter worth about $212,000. Park Avenue Securities LLC bought a new stake in shares of ENI during the 4th quarter valued at about $216,000. Finally, Townsquare Capital LLC bought a new stake in shares of ENI during the 3rd quarter valued at about $231,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Analyst Ratings Changes

E has been the subject of a number of recent research reports. StockNews.com downgraded ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group downgraded ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $31.60 price objective (down from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.60.

ENI Stock Up 3.2 %

NYSE E opened at $29.53 on Friday. The stock’s 50 day moving average is $28.57 and its 200 day moving average is $29.51. 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 S.p.A. has a 12 month low of $26.12 and a 12 month high of $33.78. The stock has a market cap of $49.84 billion, a PE ratio of 17.68, a P/E/G ratio of 1.86 and a beta of 0.90.

ENI Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.3549 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a dividend yield of 5.1%. ENI’s dividend payout ratio (DPR) is 83.63%.

About ENI

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.