Smartleaf Asset Management LLC Grows Position in Eni S.p.A. (NYSE:E)

Smartleaf Asset Management LLC lifted its position in shares of Eni S.p.A. (NYSE:E) by 15.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,360 shares of the oil and gas exploration company’s stock after purchasing an additional 1,096 shares during the quarter. Smartleaf Asset Management LLC’s holdings in ENI were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caprock Group LLC increased its stake in shares of ENI by 3.9% during the third quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company’s stock valued at $279,000 after purchasing an additional 336 shares in the last quarter. MML Investors Services LLC grew its stake in shares of ENI by 7.6% in the 3rd quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock worth $247,000 after buying an additional 576 shares during the last quarter. Allworth Financial LP increased 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 valued at $70,000 after buying an additional 581 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in ENI by 5.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,853 shares of the oil and gas exploration company’s stock valued at $329,000 after buying an additional 608 shares during the last quarter. Finally, Flynn Zito Capital Management LLC boosted its holdings in ENI by 19.1% in the fourth quarter. Flynn Zito Capital Management LLC now owns 8,992 shares of the oil and gas exploration company’s stock worth $246,000 after acquiring an additional 1,439 shares in the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley restated an “equal weight” rating and set a $31.60 price target (down from $37.50) on shares of ENI in a report on Tuesday, January 7th. UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Finally, StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, ENI presently has an average rating of “Hold” and an average target price of $31.60.

ENI Price Performance

NYSE E opened at $28.59 on Thursday. Eni S.p.A. has a one year low of $26.12 and a one year high of $33.78. The stock has a 50-day moving average of $28.48 and a 200 day moving average of $29.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The company has a market capitalization of $48.27 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.86 and a beta of 0.90.

ENI Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.3549 per share. The ex-dividend date is Tuesday, March 25th. This represents a dividend yield of 5.1%. ENI’s payout ratio is 83.63%.

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.