Inspire Advisors LLC Buys 1,498 Shares of Eni S.p.A. (NYSE:E)

Inspire Advisors LLC increased its stake in Eni S.p.A. (NYSE:E) by 8.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,281 shares of the oil and gas exploration company’s stock after purchasing an additional 1,498 shares during the quarter. Inspire Advisors LLC’s holdings in ENI were worth $528,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in ENI during the third quarter valued at about $212,000. Crossmark Global Holdings Inc. grew its position in shares of ENI by 50.8% during the third quarter. Crossmark Global Holdings Inc. now owns 108,821 shares of the oil and gas exploration company’s stock valued at $3,298,000 after purchasing an additional 36,646 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of 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 purchasing an additional 608 shares in the last quarter. Natixis Advisors LLC grew its position in shares of ENI by 12.8% during the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock valued at $77,179,000 after purchasing an additional 288,968 shares in the last quarter. Finally, Caprock Group LLC grew its position 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. 1.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

E has been the subject of a number of research analyst reports. StockNews.com lowered ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. 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 report on Tuesday, January 7th. Finally, UBS Group lowered ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Seven research 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, the company presently has a consensus rating of “Hold” and a consensus price target of $31.60.

ENI Trading Up 0.2 %

E opened at $29.71 on Wednesday. The firm has a market cap of $50.14 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.86 and a beta of 0.90. Eni S.p.A. has a 12 month low of $26.12 and a 12 month high of $33.78. 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 50-day moving average of $28.66 and a 200 day moving average of $29.45.

ENI Cuts Dividend

The business also recently declared a — dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 25th will be given a $0.3549 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a yield of 5.1%. ENI’s dividend payout ratio is currently 83.04%.

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.