Northern Trust Corp Has $20.09 Million Holdings in Eni S.p.A. (NYSE:E)

Northern Trust Corp lifted its position in Eni S.p.A. (NYSE:E - Free Report) by 42.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 734,368 shares of the oil and gas exploration company's stock after buying an additional 218,391 shares during the period. Northern Trust Corp's holdings in ENI were worth $20,092,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allworth Financial LP increased its holdings 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 purchasing an additional 581 shares in the last quarter. R Squared Ltd bought a new position in ENI during the 4th quarter worth about $103,000. Jones Financial Companies Lllp increased its holdings in ENI by 93.4% during 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 purchasing an additional 2,149 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in 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 in the last quarter. Finally, Park Avenue Securities LLC bought a new position in ENI during the 4th quarter worth about $216,000. Institutional investors own 1.18% of the company's stock.

Analyst Ratings Changes

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

ENI Stock Up 0.4%

Shares of ENI stock traded up $0.11 during trading hours on Friday, reaching $30.17. 219,671 shares of the company's stock were exchanged, compared to its average volume of 320,665. The company has a 50 day moving average of $29.01 and a two-hundred day moving average of $28.71. Eni S.p.A. has a fifty-two week low of $24.65 and a fifty-two week high of $33.12. 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 cap of $50.92 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.86 and a beta of 0.88.

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

ENI Increases Dividend

The company also recently announced 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. This represents a yield of 5.5%. The ex-dividend date is Tuesday, May 20th. ENI's dividend payout ratio (DPR) is 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.