Arrowstreet Capital Limited Partnership Has $1.79 Million Stock Position in Eni S.p.A. (NYSE:E)

Arrowstreet Capital Limited Partnership cut its position in shares of Eni S.p.A. (NYSE:E - Free Report) by 90.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 65,370 shares of the oil and gas exploration company's stock after selling 635,979 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in ENI were worth $1,789,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP grew its position in 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 worth $70,000 after buying an additional 581 shares during the last quarter. R Squared Ltd bought a new stake in shares of ENI during the 4th quarter worth $103,000. Jones Financial Companies Lllp grew its holdings in shares of 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 worth $122,000 after acquiring an additional 2,149 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of 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 shares of ENI during the fourth quarter valued at $216,000. Institutional investors and hedge funds own 1.18% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on E shares. 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 set a $31.60 target price (down from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Finally, StockNews.com downgraded ENI from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, ENI presently has an average rating of "Hold" and an average price target of $31.60.

ENI Stock Up 2.4 %

E stock traded up $0.64 during midday trading on Wednesday, reaching $27.40. The company had a trading volume of 70,402 shares, compared to its average volume of 311,045. The company has a 50 day moving average of $29.15 and a two-hundred day moving average of $29.03. 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 1 year low of $24.65 and a 1 year high of $33.30. The company has a market capitalization of $46.25 billion, a P/E ratio of 16.42, a PEG ratio of 1.86 and a beta of 0.73.

ENI Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 20th will be given a dividend of $0.5391 per share. This is a boost from ENI's previous -- dividend of $0.35. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a yield of 5.5%. ENI's dividend payout ratio (DPR) is presently 85.96%.

ENI 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.