OLD Mission Capital LLC Makes New $4.88 Million Investment in Eni S.p.A. (NYSE:E)

OLD Mission Capital LLC acquired a new stake in Eni S.p.A. (NYSE:E - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 178,441 shares of the oil and gas exploration company's stock, valued at approximately $4,882,000.

Several other hedge funds have also recently modified their holdings of E. Allworth Financial LP grew its holdings in ENI by 30.5% during the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company's stock valued at $70,000 after purchasing an additional 581 shares during the period. R Squared Ltd bought a new position in shares of ENI during the 4th quarter worth $103,000. Jones Financial Companies Lllp increased its holdings in ENI by 93.4% in 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 acquiring an additional 2,149 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in ENI by 7.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company's stock valued at $201,000 after acquiring an additional 484 shares during the period. Finally, Townsquare Capital LLC purchased a new stake in ENI during the third quarter valued at about $231,000. Institutional investors own 1.18% of the company's stock.

ENI Price Performance

ENI stock traded down $1.87 during midday trading on Friday, reaching $28.21. 603,627 shares of the stock were exchanged, compared to its average volume of 297,389. The company's fifty day moving average is $29.52 and its 200-day moving average is $29.34. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. Eni S.p.A. has a 52 week low of $26.12 and a 52 week high of $33.78. The firm has a market cap of $47.61 billion, a PE ratio of 16.89, a PEG ratio of 1.86 and a beta of 0.74.

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ENI Cuts Dividend

The firm also recently disclosed 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 is Tuesday, March 25th. This represents a dividend yield of 5.1%. ENI's dividend payout ratio (DPR) is presently 85.96%.

Analysts Set New Price Targets

Several analysts have recently issued reports on E shares. UBS Group lowered shares of ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 8th. Morgan Stanley restated an "equal weight" rating and set a $31.60 target price (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, StockNews.com cut ENI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, ENI presently has a consensus rating of "Hold" and an average price target of $31.60.

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.