Graham Capital Management L.P. Has $922,000 Position in Eni S.p.A. (NYSE:E)

Graham Capital Management L.P. boosted its stake in shares of Eni S.p.A. (NYSE:E - Free Report) by 63.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,697 shares of the oil and gas exploration company's stock after acquiring an additional 13,135 shares during the quarter. Graham Capital Management L.P.'s holdings in ENI were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of E. JPMorgan Chase & Co. grew its holdings in shares of ENI by 277.5% during the third quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company's stock worth $939,000 after buying an additional 22,768 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of ENI during the 4th quarter worth $216,000. Ballentine Partners LLC purchased a new position in shares of ENI during the 4th quarter worth $235,000. Blue Trust Inc. lifted its stake in shares of ENI by 22.9% during the 4th quarter. Blue Trust Inc. now owns 23,445 shares of the oil and gas exploration company's stock worth $711,000 after purchasing an additional 4,375 shares during the period. Finally, R Squared Ltd purchased a new stake in ENI in the 4th quarter valued at about $103,000. 1.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Redburn Atlantic cut shares of ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 23rd. Citigroup reiterated a "neutral" rating on shares of ENI in a research note on Friday, April 25th. Finally, StockNews.com downgraded shares of ENI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $31.60.

ENI Stock Up 0.4%

NYSE E traded up $0.11 during trading on Friday, reaching $30.17. The company's stock had a trading volume of 219,671 shares, compared to its average volume of 320,665. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $50.92 billion, a PE ratio of 18.06, a PEG ratio of 1.86 and a beta of 0.88. Eni S.p.A. has a 1-year low of $24.65 and a 1-year high of $33.12. The business has a 50-day moving average price of $29.00 and a 200-day moving average price of $28.71.

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

ENI Increases Dividend

The firm 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 represents a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, May 20th. This is a boost from ENI's previous -- dividend of $0.35. ENI's payout ratio is currently 89.82%.

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.