Natixis Advisors LLC Trims Stake in Eni S.p.A. (NYSE:E)

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

A number of other large investors also recently bought and sold shares of E. Raymond James Financial Inc. bought a new position in ENI in the fourth quarter worth approximately $14,233,000. FMR LLC lifted its stake in ENI by 33.5% in the third quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock worth $17,691,000 after acquiring an additional 146,431 shares during the period. Brandes Investment Partners LP boosted its stake in shares of ENI by 13.1% during the fourth 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 ENI during the fourth quarter valued at approximately $1,189,000. Finally, Charles Schwab Investment Management Inc. raised its stake in ENI by 100.7% in the third 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 in the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Stock Up 1.3 %

NYSE:E opened at $29.96 on Friday. The company’s 50 day moving average is $28.80 and its two-hundred day moving average is $29.41. The company has a market cap of $50.57 billion, a PE ratio of 17.94, a P/E/G ratio of 1.86 and a beta of 0.90. Eni S.p.A. has a twelve month low of $26.12 and a twelve month high of $33.78. 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 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. The ex-dividend date is Tuesday, March 25th. This represents a yield of 5.1%. ENI’s dividend payout ratio (DPR) is 83.04%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. StockNews.com downgraded ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Morgan Stanley reissued 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 downgraded shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.60.

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.