Massachusetts Financial Services Co. MA Increases Holdings in Eni S.p.A. (NYSE:E)

Massachusetts Financial Services Co. MA raised its stake in Eni S.p.A. (NYSE:E) by 35.6% during the 4th quarter, HoldingsChannel reports. The firm owned 280,242 shares of the oil and gas exploration company’s stock after acquiring an additional 73,511 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in ENI were worth $7,667,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brandes Investment Partners LP raised its holdings 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 buying an additional 70,507 shares during the period. FMR LLC grew its position 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 acquiring an additional 146,431 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ENI during the fourth quarter valued at approximately $14,233,000. American Century Companies Inc. lifted its position in shares of ENI by 10.0% during the fourth 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 position in shares of ENI in the fourth quarter valued at $4,882,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Stock Performance

Shares of NYSE E opened at $26.50 on Tuesday. Eni S.p.A. has a 12-month low of $26.00 and a 12-month high of $33.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The company has a market cap of $44.73 billion, a PE ratio of 15.87, a P/E/G ratio of 1.86 and a beta of 0.74. The stock has a 50 day simple moving average of $29.48 and a 200-day simple moving average of $29.29.

ENI Cuts Dividend

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

Analyst Upgrades and Downgrades

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