Eni S.p.A. (NYSE:E) Holdings Decreased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC reduced its position in shares of Eni S.p.A. (NYSE:E) by 77.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,123 shares of the oil and gas exploration company’s stock after selling 3,843 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in ENI were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in E. HighTower Advisors LLC raised its holdings in shares of ENI by 125.1% during the third quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company’s stock worth $1,460,000 after purchasing an additional 26,646 shares during the period. Charles Schwab Investment Management Inc. raised its stake in ENI by 100.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company’s stock worth $2,158,000 after acquiring an additional 35,730 shares during the period. JPMorgan Chase & Co. raised its stake in ENI by 277.5% during the third quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock worth $939,000 after acquiring an additional 22,768 shares during the period. Stifel Financial Corp boosted its stake in ENI by 248.5% in the third quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock valued at $1,106,000 after acquiring an additional 26,013 shares during the period. Finally, ABC Arbitrage SA bought a new position in shares of ENI during the fourth quarter valued at approximately $803,000. 1.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on E. UBS Group downgraded ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $31.60 price objective (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $31.60.

ENI Price Performance

Shares of E opened at $31.38 on Friday. Eni S.p.A. has a one year low of $26.12 and a one year high of $33.78. The stock’s fifty day moving average is $29.04 and its 200-day moving average is $29.39. 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 firm has a market capitalization of $52.96 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90.

ENI Cuts Dividend

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