Brandes Investment Partners LP Acquires 70,507 Shares of Eni S.p.A. (NYSE:E)

Brandes Investment Partners LP raised its holdings in shares of Eni S.p.A. (NYSE:E - Free Report) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 606,769 shares of the oil and gas exploration company's stock after acquiring an additional 70,507 shares during the quarter. Brandes Investment Partners LP's holdings in ENI were worth $16,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of E. Raymond James Financial Inc. purchased a new position in shares of ENI during the 4th quarter worth $14,233,000. Natixis Advisors LLC lifted its stake in shares of ENI by 12.8% during the 3rd 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 buying an additional 288,968 shares in the last quarter. FMR LLC lifted its stake in shares of ENI by 33.5% during the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company's stock valued at $17,691,000 after buying an additional 146,431 shares in the last quarter. Callan Family Office LLC purchased a new position in shares of ENI during the 4th quarter valued at $1,189,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of ENI by 100.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company's stock valued at $2,158,000 after buying an additional 35,730 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company's stock.

ENI Price Performance

E stock traded up $0.26 during mid-day trading on Wednesday, hitting $31.28. The company had a trading volume of 302,610 shares, compared to its average volume of 293,516. The company has a market capitalization of $52.80 billion, a price-to-earnings ratio of 18.73, 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 quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $28.90 and a 200 day moving average price of $29.36.

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ENI Cuts Dividend

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

Analyst Ratings Changes

A number of research firms recently weighed in on E. StockNews.com cut shares of 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 previously from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Finally, UBS Group cut shares of ENI from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 8th. Seven investment 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, the company presently has an average 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.