Cambiar Investors LLC Cuts Position in Eni S.p.A. (NYSE:E)

Cambiar Investors LLC cut its position in Eni S.p.A. (NYSE:E - Free Report) by 91.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,549 shares of the oil and gas exploration company's stock after selling 181,411 shares during the period. Cambiar Investors LLC's holdings in ENI were worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Raymond James & Associates grew its stake in ENI by 0.7% during the 3rd quarter. Raymond James & Associates now owns 503,920 shares of the oil and gas exploration company's stock valued at $15,274,000 after acquiring an additional 3,738 shares in the last quarter. American Century Companies Inc. grew its position in shares of ENI by 7.3% in the second quarter. American Century Companies Inc. now owns 333,308 shares of the oil and gas exploration company's stock valued at $10,263,000 after purchasing an additional 22,695 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of ENI in the second quarter valued at approximately $6,875,000. Massachusetts Financial Services Co. MA lifted its position in ENI by 8.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 196,196 shares of the oil and gas exploration company's stock worth $6,041,000 after buying an additional 15,039 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in ENI during the second quarter worth approximately $3,764,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

E has been the topic of several recent analyst reports. StockNews.com upgraded shares of ENI from a "hold" rating to a "buy" rating in a report on Friday. Royal Bank of Canada upgraded ENI from a "sector perform" rating to an "outperform" rating in a report on Monday, July 29th. Stifel Nicolaus cut ENI from a "buy" rating to a "hold" rating in a research note on Friday, July 19th. BNP Paribas raised ENI from an "underperform" rating to a "neutral" rating in a research note on Friday, September 13th. Finally, Sanford C. Bernstein downgraded ENI from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.60.

ENI Stock Down 0.4 %

NYSE E traded down $0.13 during trading on Friday, reaching $30.30. 164,428 shares of the company's stock were exchanged, compared to its average volume of 293,749. The company has a 50 day moving average price of $31.21 and a two-hundred day moving average price of $31.27. The stock has a market cap of $51.15 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.29 and a beta of 0.95. Eni S.p.A. has a 1 year low of $28.82 and a 1 year high of $34.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.28.

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.