Eni S.p.A. (NYSE:E) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC cut its holdings in shares of Eni S.p.A. (NYSE:E) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,048 shares of the oil and gas exploration company’s stock after selling 708 shares during the period. Parallel Advisors LLC’s holdings in ENI were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in shares of ENI by 125.1% in the 3rd quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company’s stock valued at $1,460,000 after purchasing an additional 26,646 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of 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 acquiring an additional 35,730 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of ENI by 277.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock worth $939,000 after acquiring an additional 22,768 shares in the last quarter. Stifel Financial Corp grew its position in shares of ENI by 248.5% during the 3rd quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock valued at $1,106,000 after acquiring an additional 26,013 shares during the period. Finally, Brandes Investment Partners LP increased its stake in shares of ENI by 13.1% in 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. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Stock Performance

NYSE E opened at $31.18 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 stock’s 50 day simple moving average is $29.10 and its 200-day simple moving average is $29.38. The company has a market cap of $52.62 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.86 and a beta of 0.90. Eni S.p.A. has a 1-year low of $26.12 and a 1-year high of $33.78.

ENI Cuts Dividend

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

Analyst Ratings Changes

Several analysts have commented on E shares. StockNews.com lowered ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. UBS Group lowered ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $31.60 price target (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.