Laird Norton Wetherby Wealth Management LLC Sells 1,014 Shares of Eni S.p.A. (NYSE:E)

Laird Norton Wetherby Wealth Management LLC lowered its position in shares of Eni S.p.A. (NYSE:E) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,633 shares of the oil and gas exploration company’s stock after selling 1,014 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in ENI were worth $428,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in ENI by 277.5% during the third quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock valued at $939,000 after acquiring an additional 22,768 shares during the last quarter. Invesco Ltd. boosted its position in shares of ENI by 13.1% during the 4th quarter. Invesco Ltd. now owns 33,464 shares of the oil and gas exploration company’s stock worth $916,000 after purchasing an additional 3,877 shares in the last quarter. Optiver Holding B.V. boosted its position in shares of ENI by 1,885.2% during the 4th quarter. Optiver Holding B.V. now owns 273,042 shares of the oil and gas exploration company’s stock worth $7,470,000 after purchasing an additional 259,288 shares in the last quarter. Brandes Investment Partners LP boosted 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 worth $16,601,000 after purchasing an additional 70,507 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new position in shares of ENI during the 4th quarter worth about $4,882,000. Institutional investors own 1.18% of the company’s stock.

ENI Trading Down 0.3%

E opened at $30.06 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The firm has a market capitalization of $50.74 billion, a PE ratio of 18.00, a P/E/G ratio of 1.86 and a beta of 0.88. Eni S.p.A. has a fifty-two week low of $24.65 and a fifty-two week high of $33.12. The company’s 50-day moving average is $29.00 and its 200 day moving average is $28.71.

ENI (NYSE:E) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.91 by $0.01. The firm had revenue of $25.61 billion during the quarter, compared to analyst estimates of $25.52 billion. ENI had a net margin of 2.76% and a return on equity of 11.03%. As a group, research analysts predict that Eni S.p.A. will post 3.74 earnings per share for the current fiscal year.

ENI Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th will be paid a $0.5391 dividend. This is a positive change from ENI’s previous — dividend of $0.35. The ex-dividend date is Tuesday, May 20th. This represents a yield of 5.5%. ENI’s dividend payout ratio (DPR) is 89.82%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Redburn Atlantic cut shares of ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 23rd. Citigroup restated a “neutral” rating on shares of ENI in a report on Friday, April 25th. Finally, StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.60.

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.