178,441 Shares in Eni S.p.A. (NYSE:E) Purchased by OLD Mission Capital LLC

OLD Mission Capital LLC acquired a new stake in shares of Eni S.p.A. (NYSE:E) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 178,441 shares of the oil and gas exploration company’s stock, valued at approximately $4,882,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. HighTower Advisors LLC grew its holdings in ENI by 125.1% in the third quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company’s stock worth $1,460,000 after purchasing an additional 26,646 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in 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 worth $2,158,000 after buying an additional 35,730 shares during the last quarter. JPMorgan Chase & Co. grew its stake in ENI by 277.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock worth $939,000 after buying an additional 22,768 shares during the last quarter. Stifel Financial Corp raised its stake in ENI by 248.5% in the third quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock valued at $1,106,000 after buying an additional 26,013 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its holdings in ENI by 13.1% in the fourth quarter. Brandes Investment Partners LP now owns 606,769 shares of the oil and gas exploration company’s stock worth $16,601,000 after acquiring an additional 70,507 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. StockNews.com lowered ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $31.60 price target (down previously from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Six 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 stock presently has a consensus rating of “Hold” and an average price target of $31.60.

ENI Price Performance

Shares of NYSE E opened at $31.25 on Wednesday. The firm has a 50-day simple moving average of $29.42 and a 200-day simple moving average of $29.36. 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 stock has a market capitalization of $52.75 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90. Eni S.p.A. has a 52 week low of $26.12 and a 52 week high of $33.78.

ENI Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 25th will be issued 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 dividend payout ratio is currently 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.