Arrowstreet Capital Limited Partnership Has $1.79 Million Holdings in Eni S.p.A. (NYSE:E)

Arrowstreet Capital Limited Partnership reduced its position in shares of Eni S.p.A. (NYSE:E - Free Report) by 90.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,370 shares of the oil and gas exploration company's stock after selling 635,979 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in ENI were worth $1,789,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP lifted its position in shares of ENI by 30.5% during 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 acquiring an additional 581 shares during the last quarter. R Squared Ltd acquired a new position in shares of ENI in the 4th quarter valued at $103,000. Jones Financial Companies Lllp raised its holdings in ENI by 93.4% during 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 buying an additional 2,149 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of ENI by 7.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company's stock worth $201,000 after buying an additional 484 shares during the period. Finally, Park Avenue Securities LLC acquired a new stake in shares of ENI during the fourth quarter valued at approximately $216,000. Institutional investors own 1.18% of the company's stock.

Analyst Ratings Changes

E has been the subject of a number of research analyst reports. Morgan Stanley restated an "equal weight" rating and issued a $31.60 target price (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. StockNews.com lowered shares of ENI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $31.60.

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ENI Stock Up 0.9 %

E stock traded up $0.24 during trading hours on Monday, hitting $26.68. The company's stock had a trading volume of 632,840 shares, compared to its average volume of 311,240. The company has a market capitalization of $45.04 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.86 and a beta of 0.73. The stock has a 50 day moving average price of $29.22 and a two-hundred day moving average price of $29.08. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. Eni S.p.A. has a 12 month low of $24.65 and a 12 month high of $33.34.

ENI Increases Dividend

The business also recently announced a -- dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.5391 per share. This is a positive change from ENI's previous -- dividend of $0.35. This represents a yield of 5.5%. The ex-dividend date is Tuesday, May 20th. ENI's dividend payout ratio (DPR) is 85.96%.

About ENI

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.