Schechter Investment Advisors LLC Sells 7,867 Shares of Eni S.p.A. (NYSE:E)

Schechter Investment Advisors LLC lowered its stake in shares of Eni S.p.A. (NYSE:E) by 22.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,883 shares of the oil and gas exploration company’s stock after selling 7,867 shares during the quarter. Schechter Investment Advisors LLC’s holdings in ENI were worth $914,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in shares of ENI by 10.3% in the 1st quarter. Bank of New York Mellon Corp now owns 29,861 shares of the oil and gas exploration company’s stock valued at $873,000 after purchasing an additional 2,796 shares during the last quarter. American Century Companies Inc. raised its holdings in ENI by 38.9% during the 1st quarter. American Century Companies Inc. now owns 89,779 shares of the oil and gas exploration company’s stock worth $2,626,000 after buying an additional 25,157 shares during the period. HighTower Advisors LLC raised its holdings in ENI by 11.1% during the 1st quarter. HighTower Advisors LLC now owns 9,327 shares of the oil and gas exploration company’s stock worth $272,000 after buying an additional 930 shares during the period. Citigroup Inc. raised its holdings in ENI by 199.8% during the 1st quarter. Citigroup Inc. now owns 30,199 shares of the oil and gas exploration company’s stock worth $883,000 after buying an additional 20,127 shares during the period. Finally, BlackRock Inc. raised its holdings in ENI by 1.0% during the 1st quarter. BlackRock Inc. now owns 590,847 shares of the oil and gas exploration company’s stock worth $17,282,000 after buying an additional 5,621 shares during the period. Institutional investors own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Monday, February 19th. Berenberg Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

ENI Price Performance

Shares of E opened at $31.47 on Thursday. The stock has a market capitalization of $56.20 billion, a P/E ratio of 10.42 and a beta of 1.01. Eni S.p.A. has a twelve month low of $26.50 and a twelve month high of $34.30. The company has a 50 day moving average of $31.38 and a 200-day moving average of $32.16. The company has a quick ratio of 1.13, a current ratio of 1.30 and a debt-to-equity ratio of 0.41.

ENI (NYSE:E) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas exploration company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.16). The business had revenue of $26.95 billion for the quarter, compared to the consensus estimate of $19.86 billion. ENI had a return on equity of 14.91% and a net margin of 5.00%. As a group, equities research analysts forecast that Eni S.p.A. will post 4.37 EPS for the current fiscal year.

ENI Increases Dividend

The company also recently announced a — dividend, which will be paid on Monday, April 8th. Investors of record on Tuesday, March 19th will be paid a $0.5186 dividend. The ex-dividend date of this dividend is Monday, March 18th. This is a boost from ENI’s previous — dividend of $0.49. This represents a dividend yield of 4.4%. ENI’s dividend payout ratio (DPR) is currently 48.01%.

ENI Profile

Eni S.p.A. operates as an integrated energy company worldwide. It engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.