Wells Fargo & Company MN lowered its position in Eni (NYSE:E) by 32.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,272 shares of the oil and gas exploration company’s stock after selling 26,174 shares during the quarter. Wells Fargo & Company MN’s holdings in ENI were worth $1,802,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Wedge Capital Management L L P NC boosted its holdings in ENI by 4.7% in the fourth quarter. Wedge Capital Management L L P NC now owns 427,429 shares of the oil and gas exploration company’s stock valued at $14,186,000 after acquiring an additional 19,144 shares during the last quarter. Lourd Capital LLC acquired a new position in ENI in the fourth quarter valued at $368,000. US Bancorp DE boosted its holdings in ENI by 24.8% in the fourth quarter. US Bancorp DE now owns 11,194 shares of the oil and gas exploration company’s stock valued at $372,000 after acquiring an additional 2,226 shares during the last quarter. Dean Capital Investments Management LLC acquired a new position in ENI in the fourth quarter valued at $402,000. Finally, Bank of New York Mellon Corp boosted its holdings in ENI by 12.6% in the third quarter. Bank of New York Mellon Corp now owns 32,435 shares of the oil and gas exploration company’s stock valued at $1,073,000 after acquiring an additional 3,638 shares during the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.

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A number of research analysts recently weighed in on the company. Royal Bank of Canada cut ENI from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $29.44 to $34.24 in a report on Monday, February 26th. Deutsche Bank restated a “neutral” rating on shares of ENI in a research note on Tuesday, February 20th. Finally, Zacks Investment Research upgraded ENI from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Thursday, December 28th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $30.75.

Shares of E opened at $38.30 on Tuesday. The stock has a market cap of $69,267.59, a price-to-earnings ratio of 25.25, a P/E/G ratio of 3.98 and a beta of 0.89. Eni has a 12 month low of $29.44 and a 12 month high of $38.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.29 and a current ratio of 1.47.

ENI (NYSE:E) last issued its quarterly earnings data on Wednesday, March 7th. The oil and gas exploration company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.20. The company had revenue of $24.59 billion for the quarter. ENI had a return on equity of 4.95% and a net margin of 4.91%. equities research analysts predict that Eni will post 2.39 earnings per share for the current fiscal year.

The business also recently disclosed a semiannual dividend, which will be paid on Thursday, June 7th. Shareholders of record on Tuesday, May 22nd will be paid a dividend of $0.6444 per share. This represents a dividend yield of 3.72%. The ex-dividend date of this dividend is Monday, May 21st. ENI’s dividend payout ratio is presently 86.75%.

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ENI Profile

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 44 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Ghana, and Mozambique.

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Institutional Ownership by Quarter for ENI (NYSE:E)

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