Bank of America Corp DE Lowers Stock Position in Eni S.p.A. (NYSE:E)

Bank of America Corp DE trimmed its holdings in shares of Eni S.p.A. (NYSE:E) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,061,845 shares of the oil and gas exploration company’s stock after selling 128,496 shares during the period. Bank of America Corp DE owned 0.06% of ENI worth $29,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in E. Envestnet Portfolio Solutions Inc. lifted 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 worth $201,000 after buying an additional 484 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in ENI by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 49,250 shares of the oil and gas exploration company’s stock worth $1,347,000 after buying an additional 488 shares in the last quarter. Signaturefd LLC lifted its holdings in ENI by 2.1% in the 4th quarter. Signaturefd LLC now owns 26,189 shares of the oil and gas exploration company’s stock worth $717,000 after buying an additional 532 shares in the last quarter. Allworth Financial LP lifted 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 buying an additional 581 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in ENI by 4.0% in the 4th quarter. Quadrant Capital Group LLC now owns 16,034 shares of the oil and gas exploration company’s stock worth $439,000 after buying an additional 622 shares in the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Stock Performance

Shares of ENI stock opened at $30.17 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. Eni S.p.A. has a 1 year low of $24.65 and a 1 year high of $33.12. The firm’s 50-day simple moving average is $29.01 and its 200-day simple moving average is $28.70. The firm has a market cap of $50.92 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.86 and a beta of 0.88.

ENI (NYSE:E) last announced its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.01. ENI had a net margin of 2.76% and a return on equity of 11.03%. The business had revenue of $25.61 billion during the quarter, compared to the consensus estimate of $25.52 billion. Equities analysts forecast 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 given 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 dividend payout ratio is 89.82%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on E. StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Redburn Atlantic lowered shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 23rd. Finally, Citigroup restated a “neutral” rating on shares of ENI in a research note on Friday, April 25th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $31.60.

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.