JPMorgan Chase & Co. Sells 9,941 Shares of Eni S.p.A. (NYSE:E)

JPMorgan Chase & Co. lessened its stake in Eni S.p.A. (NYSE:E - Free Report) by 32.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,033 shares of the oil and gas exploration company's stock after selling 9,941 shares during the quarter. JPMorgan Chase & Co.'s holdings in ENI were worth $575,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in E. Allworth Financial LP lifted its position in ENI by 30.5% during the 4th 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 in the last quarter. R Squared Ltd acquired a new position in ENI during the fourth quarter valued at approximately $103,000. Jones Financial Companies Lllp grew its stake in ENI by 93.4% in the fourth quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company's stock valued at $122,000 after purchasing an additional 2,149 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position 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 purchasing an additional 484 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of ENI during the 4th quarter worth approximately $216,000. Institutional investors own 1.18% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on E. StockNews.com lowered shares of ENI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Redburn Atlantic downgraded shares of ENI from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 23rd. Citigroup reaffirmed a "neutral" rating on shares of ENI in a report on Friday, April 25th. UBS Group downgraded ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley restated an "equal weight" rating and set a $31.60 price objective (down previously from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $31.60.

ENI Price Performance

E traded up $0.04 during trading on Friday, hitting $28.78. 248,560 shares of the stock traded hands, compared to its average volume of 317,620. The business has a 50 day moving average price of $28.94 and a 200 day moving average price of $28.80. The company has a market cap of $48.57 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 1.86 and a beta of 0.73. Eni S.p.A. has a twelve month low of $24.65 and a twelve month high of $33.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07.

ENI (NYSE:E - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $25.52 billion. ENI had a return on equity of 11.03% and a net margin of 2.76%. Equities research analysts forecast that Eni S.p.A. will post 3.74 earnings per share for the current fiscal year.

ENI Increases Dividend

The business also recently disclosed 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 is an increase 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 is presently 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.