Signaturefd LLC Grows Stock Holdings in Eni S.p.A. (NYSE:E)

Signaturefd LLC boosted its holdings in Eni S.p.A. (NYSE:E) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,189 shares of the oil and gas exploration company’s stock after buying an additional 532 shares during the period. Signaturefd LLC’s holdings in ENI were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of ENI during the 4th quarter valued at $14,233,000. FMR LLC grew its position 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 purchasing an additional 146,431 shares in the last quarter. Brandes Investment Partners LP grew its position in shares of ENI by 13.1% during the 4th quarter. Brandes Investment Partners LP now owns 606,769 shares of the oil and gas exploration company’s stock valued at $16,601,000 after purchasing an additional 70,507 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. grew its position 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 purchasing an additional 35,730 shares in the last quarter. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on E. UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $31.60 target price (down from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.60.

ENI Stock Performance

Shares of NYSE:E opened at $31.28 on Thursday. Eni S.p.A. has a 12 month low of $26.12 and a 12 month high of $33.78. The company has a market cap of $52.80 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90. The company has a 50-day moving average price of $28.97 and a 200-day moving average price of $29.38. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

ENI Cuts Dividend

The business also recently declared 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 yield of 5.1%. The ex-dividend date is Tuesday, March 25th. ENI’s payout ratio is currently 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.