Envestnet Asset Management Inc. Cuts Stock Holdings in Eni S.p.A. (NYSE:E)

Envestnet Asset Management Inc. lessened its position in Eni S.p.A. (NYSE:E) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 178,946 shares of the oil and gas exploration company’s stock after selling 8,656 shares during the quarter. Envestnet Asset Management Inc.’s holdings in ENI were worth $4,896,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in ENI in the 4th quarter worth approximately $14,233,000. OLD Mission Capital LLC purchased a new stake in ENI in the 4th quarter valued at $4,882,000. Massachusetts Financial Services Co. MA increased its stake in shares of ENI by 35.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 280,242 shares of the oil and gas exploration company’s stock worth $7,667,000 after acquiring an additional 73,511 shares during the last quarter. Brandes Investment Partners LP raised its holdings in shares of ENI by 13.1% during the 4th quarter. Brandes Investment Partners LP now owns 606,769 shares of the oil and gas exploration company’s stock worth $16,601,000 after acquiring an additional 70,507 shares during the period. Finally, Callan Family Office LLC acquired a new position in shares of ENI during the 4th quarter valued at about $1,189,000. 1.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on E. UBS Group downgraded ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.60.

ENI Stock Up 2.7 %

Shares of NYSE:E opened at $28.44 on Wednesday. The firm’s 50-day moving average is $29.04 and its two-hundred day moving average is $28.92. 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 S.p.A. has a 1 year low of $24.65 and a 1 year high of $33.30. The firm has a market capitalization of $48.00 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.86 and a beta of 0.73.

ENI Increases Dividend

The firm also recently declared a — dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th will be given a $0.5391 dividend. This represents a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, May 20th. This is a boost from ENI’s previous — dividend of $0.35. ENI’s dividend payout ratio (DPR) is currently 87.72%.

ENI 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.