Cubist Systematic Strategies LLC Acquires Shares of 109,611 Eni S.p.A. (NYSE:E)

Cubist Systematic Strategies LLC acquired a new position in shares of Eni S.p.A. (NYSE:E - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 109,611 shares of the oil and gas exploration company's stock, valued at approximately $2,999,000.

Several other institutional investors also recently bought and sold shares of the business. Northern Trust Corp boosted its stake in shares of ENI by 42.3% in the fourth quarter. Northern Trust Corp now owns 734,368 shares of the oil and gas exploration company's stock valued at $20,092,000 after purchasing an additional 218,391 shares during the period. Brandes Investment Partners LP boosted its stake in shares of ENI by 13.1% in the fourth quarter. Brandes Investment Partners LP now owns 606,769 shares of the oil and gas exploration company's stock valued at $16,601,000 after purchasing an additional 70,507 shares during the period. Raymond James Financial Inc. purchased a new position in shares of ENI in the fourth quarter valued at $14,233,000. American Century Companies Inc. boosted its stake in shares of ENI by 10.0% in the fourth quarter. American Century Companies Inc. now owns 388,578 shares of the oil and gas exploration company's stock valued at $10,631,000 after purchasing an additional 35,363 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of ENI by 35.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 280,242 shares of the oil and gas exploration company's stock valued at $7,667,000 after purchasing an additional 73,511 shares during the period. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

ENI Price Performance

E traded up $0.15 on Friday, reaching $30.21. The company had a trading volume of 134,649 shares, compared to its average volume of 320,271. The company has a fifty day moving average of $29.00 and a 200-day moving average of $28.71. The company has a market capitalization of $50.99 billion, a P/E ratio of 18.08, a PEG ratio of 1.86 and a beta of 0.88. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. Eni S.p.A. has a one year low of $24.65 and a one year high of $33.12.

ENI (NYSE:E - Get Free Report) last announced its earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.01. The firm had revenue of $25.61 billion during the quarter, compared to analyst estimates of $25.52 billion. ENI had a net margin of 2.76% and a return on equity of 11.03%. As a group, equities research analysts anticipate that Eni S.p.A. will post 3.74 earnings per share for the current year.

ENI Increases Dividend

The firm also recently disclosed a -- dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.5391 per share. This is a positive change from ENI's previous -- dividend of $0.35. The ex-dividend date is Tuesday, May 20th. This represents a dividend yield of 5.5%. ENI's dividend payout ratio (DPR) is 89.82%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Redburn Atlantic cut shares of ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, April 23rd. Citigroup reissued a "neutral" rating on shares of ENI in a report on Friday, April 25th. Finally, StockNews.com cut shares of ENI from a "buy" rating to a "hold" rating in a 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. According to MarketBeat.com, ENI currently has a consensus rating of "Hold" and an average target price of $31.60.

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.