Eni S.p.A. (NYSE:E) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its position in Eni S.p.A. (NYSE:E) by 35.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 280,242 shares of the oil and gas exploration company’s stock after purchasing an additional 73,511 shares during the period. Massachusetts Financial Services Co. MA’s holdings in ENI were worth $7,667,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in E. Brandes Investment Partners LP raised 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 during the last quarter. FMR LLC lifted its position in shares of 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 acquiring an additional 146,431 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ENI during the fourth quarter valued at $14,233,000. American Century Companies Inc. increased its position in ENI by 10.0% during the 4th quarter. American Century Companies Inc. now owns 388,578 shares of the oil and gas exploration company’s stock worth $10,631,000 after purchasing an additional 35,363 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in ENI during the 4th quarter worth about $4,882,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Stock Performance

NYSE:E opened at $26.50 on Tuesday. Eni S.p.A. has a fifty-two week low of $26.00 and a fifty-two week high of $33.78. The firm’s 50 day moving average is $29.48 and its two-hundred day moving average is $29.29. The company has a market cap of $44.73 billion, a P/E ratio of 15.87, a P/E/G ratio of 1.86 and a beta of 0.74. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

ENI Cuts Dividend

The company also recently announced a — dividend, which was paid on Monday, April 7th. Investors of record on Tuesday, March 25th were issued a $0.3549 dividend. This represents a yield of 5.1%. The ex-dividend date was Tuesday, March 25th. ENI’s payout ratio is currently 85.96%.

Wall Street Analyst Weigh In

E has been the topic of several analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $31.60 price target (down from $37.50) on shares of ENI in a research note on Tuesday, January 7th. StockNews.com cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, UBS Group cut ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.