PNC Financial Services Group Inc. Reduces Holdings in Eni S.p.A. (NYSE:E)

PNC Financial Services Group Inc. cut its position in Eni S.p.A. (NYSE:E) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,050 shares of the oil and gas exploration company’s stock after selling 1,743 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ENI were worth $767,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Caprock Group LLC raised its holdings in ENI by 3.9% in the third quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company’s stock valued at $279,000 after acquiring an additional 336 shares in the last quarter. MML Investors Services LLC raised its position in shares of ENI by 7.6% during the 3rd quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock valued at $247,000 after acquiring an additional 576 shares in the last quarter. Allworth Financial LP lifted its stake in ENI by 30.5% during the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock worth $70,000 after purchasing an additional 581 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in ENI by 5.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,853 shares of the oil and gas exploration company’s stock valued at $329,000 after purchasing an additional 608 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of ENI by 15.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 8,360 shares of the oil and gas exploration company’s stock worth $227,000 after purchasing an additional 1,096 shares during the period. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Price Performance

Shares of NYSE E opened at $30.69 on Tuesday. Eni S.p.A. has a twelve month low of $26.12 and a twelve 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 firm has a 50-day moving average of $28.85 and a two-hundred day moving average of $29.37. The company has a market capitalization of $51.80 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.86 and a beta of 0.90.

ENI Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com cut ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $31.60 target price (down from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, UBS Group downgraded shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, ENI currently has a consensus rating of “Hold” and an average target price of $31.60.

ENI 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.