Jones Financial Companies Lllp Acquires 2,149 Shares of Eni S.p.A. (NYSE:E)

Jones Financial Companies Lllp raised its holdings in shares of Eni S.p.A. (NYSE:E) by 93.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,449 shares of the oil and gas exploration company’s stock after purchasing an additional 2,149 shares during the quarter. Jones Financial Companies Lllp’s holdings in ENI were worth $122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Smartleaf Asset Management LLC increased its stake in shares of ENI by 15.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 8,360 shares of the oil and gas exploration company’s stock valued at $227,000 after buying an additional 1,096 shares during the period. US Bancorp DE increased its stake in shares of ENI by 11.3% during the fourth quarter. US Bancorp DE now owns 44,631 shares of the oil and gas exploration company’s stock valued at $1,221,000 after buying an additional 4,525 shares during the period. QRG Capital Management Inc. increased its stake in shares of ENI by 19.6% during the fourth quarter. QRG Capital Management Inc. now owns 54,924 shares of the oil and gas exploration company’s stock valued at $1,503,000 after buying an additional 9,011 shares during the period. Flynn Zito Capital Management LLC increased its stake in shares of ENI by 19.1% during the fourth quarter. Flynn Zito Capital Management LLC now owns 8,992 shares of the oil and gas exploration company’s stock valued at $246,000 after buying an additional 1,439 shares during the period. Finally, Todd Asset Management LLC increased its stake in shares of ENI by 4.7% during the fourth quarter. Todd Asset Management LLC now owns 117,000 shares of the oil and gas exploration company’s stock valued at $3,201,000 after buying an additional 5,300 shares during the period. 1.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $31.60 target price (down previously from $37.50) on shares of ENI in a research note on Tuesday, January 7th. StockNews.com lowered ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, UBS Group lowered ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, ENI currently has an average rating of “Hold” and an average price target of $31.60.

ENI Trading Up 1.3 %

ENI stock opened at $29.96 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. Eni S.p.A. has a 52 week low of $26.12 and a 52 week high of $33.78. The company has a market capitalization of $50.57 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90. The stock has a 50-day moving average price of $28.80 and a 200 day moving average price of $29.41.

ENI Cuts Dividend

The business also recently declared 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 of this dividend is Tuesday, March 25th. ENI’s payout ratio is presently 83.04%.

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.