Wells Fargo & Company MN Reduces Stock Holdings in Eni SpA (NYSE:E)

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Wells Fargo & Company MN reduced its stake in Eni SpA (NYSE:E) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 294,545 shares of the oil and gas exploration company’s stock after selling 12,353 shares during the period. Wells Fargo & Company MN’s holdings in ENI were worth $9,729,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Brandes Investment Partners LP increased its stake in ENI by 0.4% in the first quarter. Brandes Investment Partners LP now owns 1,801,778 shares of the oil and gas exploration company’s stock valued at $63,495,000 after purchasing an additional 7,106 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of ENI by 39.7% during the second quarter. Fisher Asset Management LLC now owns 1,490,039 shares of the oil and gas exploration company’s stock worth $49,216,000 after acquiring an additional 423,522 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of ENI by 4.7% during the first quarter. Parametric Portfolio Associates LLC now owns 801,435 shares of the oil and gas exploration company’s stock worth $28,243,000 after acquiring an additional 36,210 shares during the last quarter. Todd Asset Management LLC grew its position in shares of ENI by 19.7% during the first quarter. Todd Asset Management LLC now owns 729,172 shares of the oil and gas exploration company’s stock worth $25,696,000 after acquiring an additional 119,956 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of ENI by 9.8% during the first quarter. PNC Financial Services Group Inc. now owns 188,539 shares of the oil and gas exploration company’s stock worth $6,643,000 after acquiring an additional 16,757 shares during the last quarter. Institutional investors own 1.60% of the company’s stock.

Shares of NYSE E traded down $0.06 during mid-day trading on Thursday, hitting $30.70. 16,022 shares of the company were exchanged, compared to its average volume of 193,533. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $30.11 and a 200-day simple moving average of $32.60. Eni SpA has a 1-year low of $28.54 and a 1-year high of $39.16. The firm has a market cap of $55.75 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74.

ENI (NYSE:E) last issued its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.29). ENI had a return on equity of 8.51% and a net margin of 4.59%. The company had revenue of $21.16 billion for the quarter. Analysts anticipate that Eni SpA will post 2.31 earnings per share for the current fiscal year.

The business also recently declared a — dividend, which will be paid on Thursday, October 10th. Investors of record on Tuesday, September 24th will be issued a dividend of $0.9545 per share. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, September 23rd. ENI’s dividend payout ratio is presently 44.00%.

A number of equities analysts have recently issued reports on E shares. Credit Suisse Group lowered shares of ENI from an “outperform” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research report on Wednesday, September 4th. Santander upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. Finally, Zacks Investment Research upgraded shares of ENI from a “strong sell” rating to a “hold” rating and set a $27.00 target price on the stock in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $20.67.

About ENI

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.

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Institutional Ownership by Quarter for ENI (NYSE:E)

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