Brandes Investment Partners LP Has $17.64 Million Stake in Eni S.p.A. (NYSE:E)

Brandes Investment Partners LP lowered its stake in shares of Eni S.p.A. (NYSE:E - Free Report) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 574,918 shares of the oil and gas exploration company's stock after selling 22,074 shares during the quarter. Brandes Investment Partners LP's holdings in ENI were worth $17,639,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company's stock valued at $75,000 after acquiring an additional 404 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of ENI by 0.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 58,884 shares of the oil and gas exploration company's stock worth $1,868,000 after purchasing an additional 470 shares during the period. Gallacher Capital Management LLC lifted its position in shares of ENI by 3.3% in the 2nd quarter. Gallacher Capital Management LLC now owns 15,726 shares of the oil and gas exploration company's stock worth $484,000 after buying an additional 504 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of ENI by 5.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 11,933 shares of the oil and gas exploration company's stock valued at $379,000 after buying an additional 573 shares during the last quarter. Finally, GQG Partners LLC raised its stake in ENI by 0.7% during the first quarter. GQG Partners LLC now owns 84,193 shares of the oil and gas exploration company's stock worth $2,671,000 after acquiring an additional 596 shares during the period. Institutional investors own 1.18% of the company's stock.

ENI Stock Down 0.5 %

Shares of E traded down $0.16 during trading hours on Monday, reaching $30.45. The company's stock had a trading volume of 230,776 shares, compared to its average volume of 295,642. The company has a quick ratio of 1.09, a current ratio of 1.28 and a debt-to-equity ratio of 0.42. The firm has a market cap of $51.40 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 1.34 and a beta of 0.96. The company has a 50 day moving average of $31.48 and a two-hundred day moving average of $31.50. Eni S.p.A. has a 1-year low of $28.82 and a 1-year high of $34.30.

ENI (NYSE:E - Get Free Report) last released its quarterly earnings data on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.12 by ($0.14). ENI had a return on equity of 11.84% and a net margin of 4.21%. The firm had revenue of $24.82 billion during the quarter, compared to analyst estimates of $25.74 billion. As a group, research analysts predict that Eni S.p.A. will post 4.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on E. Redburn Atlantic upgraded shares of ENI from a "neutral" rating to a "buy" rating in a research report on Tuesday, June 25th. Royal Bank of Canada raised ENI from a "sector perform" rating to an "outperform" rating in a report on Monday, July 29th. BNP Paribas raised ENI from an "underperform" rating to a "neutral" rating in a research note on Friday, September 13th. Morgan Stanley raised ENI from an "equal weight" rating to an "overweight" rating and set a $39.60 price target on the stock in a report on Thursday, August 29th. Finally, Stifel Nicolaus downgraded shares of ENI from a "buy" rating to a "hold" rating in a report on Friday, July 19th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $39.60.

ENI Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company 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. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.