Charles Schwab Investment Management Inc. Reduces Stock Position in Eni S.p.A. (NYSE:E)

Charles Schwab Investment Management Inc. trimmed its stake in shares of Eni S.p.A. (NYSE:E) by 25.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,008 shares of the oil and gas exploration company’s stock after selling 18,199 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ENI were worth $1,450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in E. FMR LLC grew its position in ENI by 33.5% in the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock worth $17,691,000 after purchasing an additional 146,431 shares during the period. ABC Arbitrage SA purchased a new position in shares of ENI in the 4th quarter worth $803,000. HighTower Advisors LLC grew its holdings in shares of ENI by 125.1% in 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 acquiring an additional 26,646 shares during the period. Stifel Financial Corp increased its position in ENI by 248.5% during 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 last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in ENI by 277.5% in the third quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock valued at $939,000 after acquiring an additional 22,768 shares during the period. Institutional investors own 1.18% of the company’s stock.

ENI Stock Down 0.6 %

NYSE E opened at $31.02 on Friday. Eni S.p.A. has a 52 week low of $26.12 and a 52 week high of $33.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $52.36 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90. The stock’s 50-day moving average price is $29.33 and its 200-day moving average price is $29.37.

ENI Cuts Dividend

The company 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. This represents a yield of 5.1%. The ex-dividend date is Tuesday, March 25th. ENI’s payout ratio is 83.04%.

Analysts Set New Price Targets

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

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.