520,227 Shares in Eni S.p.A. (NYSE:E) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Eni S.p.A. (NYSE:E - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 520,227 shares of the oil and gas exploration company's stock, valued at approximately $14,233,000.

Several other institutional investors and hedge funds have also made changes to their positions in E. Allworth Financial LP raised its holdings in shares of ENI by 30.5% in 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 acquiring an additional 581 shares in the last quarter. R Squared Ltd bought a new stake in shares of ENI in the fourth quarter valued at about $103,000. Jones Financial Companies Lllp raised its holdings 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 valued at $122,000 after acquiring an additional 2,149 shares in the last quarter. Park Avenue Securities LLC bought a new stake in shares of ENI in the fourth quarter valued at about $216,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of ENI by 15.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 8,360 shares of the oil and gas exploration company's stock valued at $227,000 after acquiring an additional 1,096 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com lowered ENI from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Morgan Stanley reiterated an "equal weight" rating and issued 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 lowered ENI from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $31.60.

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ENI Stock Down 0.9 %

Shares of E stock traded down $0.30 during trading hours on Friday, reaching $31.18. 220,062 shares of the company's stock were exchanged, compared to its average volume of 293,074. Eni S.p.A. has a 1 year low of $26.12 and a 1 year high of $33.78. The stock has a market cap of $52.62 billion, a PE ratio of 18.67, a PEG ratio of 1.86 and a beta of 0.90. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The stock's fifty day moving average price is $29.10 and its two-hundred day moving average price is $29.38.

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 paid a dividend of $0.3549 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a dividend yield of 5.1%. ENI's payout ratio is 83.04%.

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.