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

Charles Schwab Investment Management Inc. lessened its stake in Eni S.p.A. (NYSE:E - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,008 shares of the oil and gas exploration company's stock after selling 18,199 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in ENI were worth $1,450,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. MML Investors Services LLC lifted its position in shares of ENI by 7.6% in the third quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company's stock valued at $247,000 after acquiring an additional 576 shares in the last quarter. Allworth Financial LP lifted its holdings in ENI by 30.5% in 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 purchasing an additional 581 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in ENI by 15.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 8,360 shares of the oil and gas exploration company's stock worth $227,000 after purchasing an additional 1,096 shares during the last quarter. Flynn Zito Capital Management LLC raised its position in shares of 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 valued at $246,000 after buying an additional 1,439 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of ENI by 93.4% in the fourth quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company's stock worth $122,000 after buying an additional 2,149 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ENI Trading Down 0.2 %

E traded down $0.07 during trading hours on Wednesday, reaching $31.14. The company's stock had a trading volume of 196,317 shares, compared to its average volume of 295,172. The business's 50-day moving average is $29.48 and its 200-day moving average is $29.38. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The stock has a market cap of $52.56 billion, a PE ratio of 18.65, a P/E/G ratio of 1.86 and a beta of 0.90. Eni S.p.A. has a fifty-two week low of $26.12 and a fifty-two week high of $33.78.

ENI Cuts Dividend

The firm also recently declared 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. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, March 25th. ENI's dividend payout ratio is presently 83.04%.

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.