JPMorgan Chase & Co. Has $575,000 Stock Position in Eni S.p.A. (NYSE:E)

JPMorgan Chase & Co. cut its stake in shares of Eni S.p.A. (NYSE:E - Free Report) by 32.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,033 shares of the oil and gas exploration company's stock after selling 9,941 shares during the period. JPMorgan Chase & Co.'s holdings in ENI were worth $575,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of ENI by 7.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company's stock worth $201,000 after acquiring an additional 484 shares in the last quarter. Corient Private Wealth LLC grew its position in ENI by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 49,250 shares of the oil and gas exploration company's stock worth $1,347,000 after buying an additional 488 shares in the last quarter. Signaturefd LLC increased its position in shares of ENI by 2.1% during the fourth quarter. Signaturefd LLC now owns 26,189 shares of the oil and gas exploration company's stock valued at $717,000 after purchasing an additional 532 shares during the period. Allworth Financial LP increased its holdings in ENI by 30.5% in the 4th quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company's stock valued at $70,000 after buying an additional 581 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of ENI by 15.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 8,360 shares of the oil and gas exploration company's stock worth $227,000 after acquiring an additional 1,096 shares during the period. 1.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

E has been the subject of several recent analyst reports. Citigroup reiterated a "neutral" rating on shares of ENI in a research note on Friday, April 25th. UBS Group lowered ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 8th. Morgan Stanley reaffirmed an "equal weight" rating and set a $31.60 target price (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. StockNews.com lowered ENI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Redburn Atlantic cut shares of ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $31.60.

ENI Stock Up 1.0 %

ENI stock traded up $0.30 during midday trading on Tuesday, reaching $28.77. The stock had a trading volume of 224,886 shares, compared to its average volume of 318,730. The stock has a market capitalization of $48.55 billion, a P/E ratio of 17.22, a price-to-earnings-growth 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 firm's fifty day simple moving average is $28.90 and its 200-day simple moving average is $28.76. 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 announced its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.01. ENI had a return on equity of 11.03% and a net margin of 2.76%. The company had revenue of $25.61 billion for the quarter, compared to analysts' expectations of $25.52 billion. As a group, analysts expect that Eni S.p.A. will post 3.74 EPS for the current fiscal year.

ENI Increases Dividend

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

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.