Eni S.p.A. (NYSE:E) Shares Sold by GQG Partners LLC

GQG Partners LLC lessened its stake in shares of Eni S.p.A. (NYSE:E) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,870 shares of the oil and gas exploration company’s stock after selling 1,351 shares during the quarter. GQG Partners LLC’s holdings in ENI were worth $2,924,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP grew its stake in shares of ENI by 30.5% in 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 buying an additional 581 shares in the last quarter. R Squared Ltd purchased a new position in ENI during the 4th quarter valued at about $103,000. Jones Financial Companies Lllp grew its position 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 valued at $122,000 after acquiring an additional 2,149 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake 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 purchasing an additional 484 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in ENI during the fourth quarter worth about $216,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on E. UBS Group cut shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Morgan Stanley reissued an “equal weight” rating and issued a $31.60 price target (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, StockNews.com lowered ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.60.

ENI Stock Down 0.4 %

Shares of NYSE:E opened at $31.03 on Tuesday. 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 S.p.A. has a fifty-two week low of $26.12 and a fifty-two week high of $33.78. The stock has a market cap of $52.38 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90. The firm’s 50 day moving average price is $29.15 and its 200 day moving average price is $29.35.

ENI Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.3549 per share. The ex-dividend date is Tuesday, March 25th. This represents a dividend yield of 5.1%. ENI’s dividend payout ratio (DPR) is currently 83.04%.

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.