American Century Companies Inc. Acquires 35,363 Shares of Eni S.p.A. (NYSE:E)

American Century Companies Inc. raised its stake in Eni S.p.A. (NYSE:E) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 388,578 shares of the oil and gas exploration company’s stock after acquiring an additional 35,363 shares during the quarter. American Century Companies Inc.’s holdings in ENI were worth $10,631,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in E. Allworth Financial LP increased its holdings 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 purchasing an additional 581 shares in the last quarter. R Squared Ltd bought a new stake in shares of ENI during the fourth quarter worth about $103,000. Jones Financial Companies Lllp increased its stake in shares of ENI by 93.4% in the fourth 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 period. Envestnet Portfolio Solutions Inc. raised its holdings in ENI by 7.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company’s stock valued at $201,000 after buying an additional 484 shares during the last quarter. Finally, Townsquare Capital LLC acquired a new stake in ENI during the 3rd quarter worth approximately $231,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Stock Performance

E stock opened at $31.14 on Thursday. The firm has a market cap of $52.56 billion, a PE ratio of 18.65, a price-to-earnings-growth 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. The stock has a 50-day moving average price of $29.48 and a 200-day moving average price of $29.38. Eni S.p.A. has a 1-year low of $26.12 and a 1-year high of $33.78.

ENI Cuts Dividend

The firm also recently declared 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 is Tuesday, March 25th. ENI’s dividend payout ratio (DPR) is presently 83.04%.

Analyst Ratings Changes

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