Ameriprise Financial Inc. Sells 72,453 Shares of Eni S.p.A. (NYSE:E)

Ameriprise Financial Inc. decreased its position in shares of Eni S.p.A. (NYSE:E) by 73.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,622 shares of the oil and gas exploration company’s stock after selling 72,453 shares during the quarter. Ameriprise Financial Inc.’s holdings in ENI were worth $728,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP grew its position in shares of ENI by 30.5% during 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 during the period. Jones Financial Companies Lllp lifted its stake in 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. boosted its holdings in ENI by 7.1% during the fourth 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 during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of ENI by 15.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 8,360 shares of the oil and gas exploration company’s stock valued at $227,000 after acquiring an additional 1,096 shares during the last quarter. Finally, Flynn Zito Capital Management LLC increased its stake in shares of ENI by 19.1% in the 4th 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 acquiring an additional 1,439 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Kepler Capital Markets lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 20th. Citigroup reiterated a “neutral” rating on shares of ENI in a report on Friday, April 25th. Redburn Atlantic downgraded ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen cut ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $31.60.

ENI Stock Up 2.5%

E stock opened at $30.31 on Tuesday. The company has a market cap of $51.16 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 1.86 and a beta of 0.88. Eni S.p.A. has a twelve month low of $24.65 and a twelve month high of $33.12. The business has a 50 day moving average price of $28.75 and a two-hundred day moving average price of $28.66. 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 (NYSE:E) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.01. ENI had a net margin of 2.76% and a return on equity of 11.03%. The firm had revenue of $25.61 billion for the quarter, compared to analyst estimates of $25.52 billion. Analysts anticipate that Eni S.p.A. will post 3.74 EPS for the current fiscal year.

ENI Increases Dividend

The firm also recently declared a — dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 20th will be paid 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 is 89.82%.

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.