SouthState Corp Trims Position in Eni S.p.A. (NYSE:E)

SouthState Corp lowered its position in shares of Eni S.p.A. (NYSE:E) by 32.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,013 shares of the oil and gas exploration company’s stock after selling 479 shares during the quarter. SouthState Corp’s holdings in ENI were worth $28,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brandes Investment Partners LP increased its stake 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 acquiring an additional 70,507 shares during the last quarter. FMR LLC grew its holdings 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 valued at $17,691,000 after purchasing an additional 146,431 shares during the period. Raymond James Financial Inc. acquired a new position in ENI during the fourth quarter worth approximately $14,233,000. Massachusetts Financial Services Co. MA raised its stake in ENI by 5.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 206,731 shares of the oil and gas exploration company’s stock worth $6,266,000 after purchasing an additional 10,535 shares during the period. Finally, Fisher Asset Management LLC raised its stake in ENI by 9.2% during the third quarter. Fisher Asset Management LLC now owns 126,046 shares of the oil and gas exploration company’s stock worth $3,820,000 after purchasing an additional 10,589 shares during the period. 1.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on E. StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Morgan Stanley restated an “equal weight” rating and set a $31.60 price objective (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. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, ENI presently has a consensus rating of “Hold” and an average price target of $31.60.

ENI Stock Performance

Shares of E opened at $31.02 on Wednesday. The firm has a market cap of $52.36 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.86 and a beta of 0.90. 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 business’s 50 day moving average is $28.90 and its two-hundred day moving average is $29.36. Eni S.p.A. has a 52-week low of $26.12 and a 52-week high of $33.78.

ENI Cuts Dividend

The business also recently declared a — dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.3549 per share. The ex-dividend date is Tuesday, March 25th. This represents a dividend yield of 5.1%. ENI’s payout ratio is 83.04%.

ENI 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.