Eni S.p.A. (NYSE:E) Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its position in Eni S.p.A. (NYSE:E) by 13.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,464 shares of the oil and gas exploration company’s stock after buying an additional 3,877 shares during the quarter. Invesco Ltd.’s holdings in ENI were worth $916,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP boosted its stake in shares of ENI by 30.5% during the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock valued at $70,000 after acquiring an additional 581 shares during the last quarter. R Squared Ltd acquired a new stake in shares of ENI during the 4th quarter worth about $103,000. Jones Financial Companies Lllp grew its stake in ENI by 93.4% in the 4th quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company’s stock worth $122,000 after acquiring an additional 2,149 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of ENI by 7.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company’s stock valued at $201,000 after purchasing an additional 484 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in shares of ENI during the 4th quarter valued at about $216,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on E. Redburn Atlantic downgraded shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 23rd. StockNews.com cut shares of ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Citigroup reissued a “neutral” rating on shares of ENI in a research report on Friday, April 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 issued a $31.60 price objective (down from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.60.

ENI Stock Up 1.1 %

Shares of NYSE:E opened at $28.73 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The company has a market capitalization of $48.50 billion, a PE ratio of 17.20, a P/E/G ratio of 1.86 and a beta of 0.73. Eni S.p.A. has a 52 week low of $24.65 and a 52 week high of $33.12. The company’s fifty day moving average is $28.96 and its 200-day moving average is $28.81.

ENI (NYSE:E) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.01. The business had revenue of $25.61 billion for the quarter, compared to analyst estimates of $25.52 billion. ENI had a return on equity of 11.03% and a net margin of 2.76%. Equities research analysts predict that Eni S.p.A. will post 3.74 earnings per share for the current fiscal year.

ENI Increases Dividend

The company also recently announced a — dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th will be paid a $0.5391 dividend. This is a boost from ENI’s previous — dividend of $0.35. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a yield of 5.5%. ENI’s payout ratio is presently 89.82%.

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.