Eni S.p.A. (NYSE:E) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in Eni S.p.A. (NYSE:E - Free Report) by 43.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,105 shares of the oil and gas exploration company's stock after selling 63,573 shares during the period. Dimensional Fund Advisors LP's holdings in ENI were worth $2,590,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of E. Allspring Global Investments Holdings LLC purchased a new position in ENI during the 1st quarter worth $74,000. GAMMA Investing LLC boosted its holdings in shares of ENI by 19.8% in the second 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 in the last quarter. Toronto Dominion Bank purchased a new stake in shares of ENI in the first quarter valued at about $172,000. Arkadios Wealth Advisors purchased a new stake in shares of ENI in the first quarter valued at about $218,000. Finally, Pitcairn Co. purchased a new stake in shares of ENI in the first quarter valued at about $218,000. 1.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

E has been the subject of several recent analyst reports. Royal Bank of Canada upgraded shares of ENI from a "sector perform" rating to an "outperform" rating in a research note on Monday, July 29th. Stifel Nicolaus cut shares of ENI from a "buy" rating to a "hold" rating in a research note on Friday, July 19th. BNP Paribas upgraded shares of ENI from an "underperform" rating to a "neutral" rating in a research note on Friday, September 13th. Redburn Atlantic upgraded shares of ENI from a "neutral" rating to a "buy" rating in a research note on Tuesday, June 25th. Finally, Morgan Stanley upgraded shares of ENI from an "equal weight" rating to an "overweight" rating and set a $39.60 target price for the company in a research report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $39.60.

ENI Trading Up 0.4 %

E traded up $0.11 during trading on Friday, hitting $31.35. 94,675 shares of the company's stock were exchanged, compared to its average volume of 297,101. The company has a current ratio of 1.28, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42. Eni S.p.A. has a 1 year low of $28.82 and a 1 year high of $34.30. The stock has a 50 day moving average price of $31.50 and a 200 day moving average price of $31.49. The firm has a market cap of $52.92 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.37 and a beta of 0.96.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.14). ENI had a return on equity of 11.84% and a net margin of 4.21%. The business had revenue of $24.82 billion for the quarter, compared to analysts' expectations of $25.74 billion. As a group, analysts expect that Eni S.p.A. will post 3.95 EPS for the current fiscal year.

ENI Company 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.