Eni (E) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. trimmed its holdings in shares of Eni (NYSE:E) by 12.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 339,918 shares of the oil and gas exploration company’s stock after selling 49,717 shares during the period. Goldman Sachs Group Inc.’s holdings in ENI were worth $11,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Mackenzie Financial Corp boosted its stake in ENI by 25.9% during the third quarter. Mackenzie Financial Corp now owns 1,013,177 shares of the oil and gas exploration company’s stock valued at $33,506,000 after buying an additional 208,682 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in ENI by 16.7% during the third quarter. Parametric Portfolio Associates LLC now owns 606,723 shares of the oil and gas exploration company’s stock valued at $20,064,000 after buying an additional 86,895 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in ENI by 223.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 440,028 shares of the oil and gas exploration company’s stock valued at $14,605,000 after buying an additional 304,128 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in ENI by 4.7% during the fourth quarter. Wedge Capital Management L L P NC now owns 427,429 shares of the oil and gas exploration company’s stock valued at $14,186,000 after buying an additional 19,144 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in ENI by 15.5% during the fourth quarter. Aperio Group LLC now owns 359,458 shares of the oil and gas exploration company’s stock valued at $11,930,000 after buying an additional 48,185 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors.

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NYSE:E opened at $35.33 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.47 and a quick ratio of 1.29. Eni has a 1-year low of $29.44 and a 1-year high of $37.48. The firm has a market capitalization of $64,197.90, a P/E ratio of 23.40, a P/E/G ratio of 3.69 and a beta of 0.95.

The business also recently declared a semiannual dividend, which will be paid on Thursday, June 7th. Investors of record on Tuesday, May 22nd will be given a $0.6444 dividend. The ex-dividend date of this dividend is Monday, May 21st. This represents a dividend yield of 3.72%. ENI’s dividend payout ratio (DPR) is 86.75%.

Several research analysts recently weighed in on the company. Zacks Investment Research cut ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada cut ENI from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $29.44 to $34.24 in a research note on Monday, February 26th. Deutsche Bank reaffirmed a “neutral” rating on shares of ENI in a research note on Tuesday, February 20th. Finally, Goldman Sachs reaffirmed a “buy” rating on shares of ENI in a research note on Monday, December 11th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.75.

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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 44 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Ghana, and Mozambique.

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Institutional Ownership by Quarter for ENI (NYSE:E)

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