Natixis Advisors LLC Lowers Position in Eni S.p.A. (NYSE:E)

Natixis Advisors LLC reduced its holdings in Eni S.p.A. (NYSE:E - Free Report) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,279,034 shares of the oil and gas exploration company's stock after selling 267,278 shares during the quarter. Natixis Advisors LLC owned 0.14% of ENI worth $62,354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brandes Investment Partners LP increased its holdings in shares of ENI by 13.1% in the 4th quarter. Brandes Investment Partners LP now owns 606,769 shares of the oil and gas exploration company's stock worth $16,601,000 after buying an additional 70,507 shares during the last quarter. Inspire Advisors LLC increased its stake in ENI by 8.4% in the fourth quarter. Inspire Advisors LLC now owns 19,281 shares of the oil and gas exploration company's stock valued at $528,000 after acquiring an additional 1,498 shares during the last quarter. Callan Family Office LLC bought a new position in ENI in the fourth quarter valued at $1,189,000. Raymond James Financial Inc. purchased a new stake in ENI during the fourth quarter valued at about $14,233,000. Finally, Jones Financial Companies Lllp lifted its stake in ENI by 93.4% during 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 purchasing an additional 2,149 shares during the last quarter. Hedge funds and other institutional investors own 1.18% of the company's stock.

Wall Street Analyst Weigh In

E has been the topic of several recent research reports. StockNews.com lowered ENI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Morgan Stanley reiterated an "equal weight" rating and set a $31.60 price target (down from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, UBS Group lowered shares of ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $31.60.

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ENI Trading Up 0.2 %

ENI stock traded up $0.06 during trading hours on Thursday, reaching $31.38. The company had a trading volume of 161,366 shares, compared to its average volume of 292,858. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. Eni S.p.A. has a 12-month low of $26.12 and a 12-month high of $33.78. The company has a 50-day moving average price of $28.97 and a 200 day moving average price of $29.38. The firm has a market cap of $52.96 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 1.86 and a beta of 0.90.

ENI Cuts Dividend

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

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.