Cresset Asset Management LLC Sells 33,488 Shares of Eni S.p.A. (NYSE:E)

Cresset Asset Management LLC trimmed its position in Eni S.p.A. (NYSE:E - Free Report) by 67.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,078 shares of the oil and gas exploration company's stock after selling 33,488 shares during the period. Cresset Asset Management LLC's holdings in ENI were worth $440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in ENI by 277.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company's stock worth $939,000 after purchasing an additional 22,768 shares in the last quarter. Invesco Ltd. increased its position in shares of ENI by 13.1% during the fourth quarter. Invesco Ltd. now owns 33,464 shares of the oil and gas exploration company's stock worth $916,000 after acquiring an additional 3,877 shares in the last quarter. Optiver Holding B.V. raised its holdings in shares of ENI by 1,885.2% during the fourth quarter. Optiver Holding B.V. now owns 273,042 shares of the oil and gas exploration company's stock worth $7,470,000 after acquiring an additional 259,288 shares during the period. Brandes Investment Partners LP raised its holdings in shares of ENI by 13.1% during the fourth quarter. Brandes Investment Partners LP now owns 606,769 shares of the oil and gas exploration company's stock worth $16,601,000 after acquiring an additional 70,507 shares during the period. Finally, OLD Mission Capital LLC bought a new stake in ENI in the 4th quarter valued at $4,882,000. Institutional investors own 1.18% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on E. Citigroup restated a "neutral" rating on shares of ENI in a report on Friday, April 25th. Redburn Atlantic cut ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, April 23rd. Finally, StockNews.com downgraded ENI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, ENI currently has a consensus rating of "Hold" and an average price target of $31.60.

ENI Stock Performance

NYSE:E traded down $0.01 during mid-day trading on Monday, hitting $30.16. 281,805 shares of the stock were exchanged, compared to its average volume of 320,792. The firm's 50-day simple moving average is $29.01 and its 200 day simple moving average is $28.69. The stock has a market capitalization of $50.91 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.86 and a beta of 0.88. Eni S.p.A. has a fifty-two week low of $24.65 and a fifty-two week high of $33.12. 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 (NYSE:E - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, beating 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 business had revenue of $25.61 billion for the quarter, compared to the consensus estimate of $25.52 billion. As a group, equities analysts anticipate that Eni S.p.A. will post 3.74 EPS for the current fiscal year.

ENI Increases Dividend

The business 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 an increase from ENI's previous -- dividend of $0.35. ENI's payout ratio is 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.