Eni S.p.A. (NYSE:E) Stake Cut by Jane Street Group LLC

Jane Street Group LLC cut its position in shares of Eni S.p.A. (NYSE:E) by 86.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,047 shares of the oil and gas exploration company’s stock after selling 111,437 shares during the quarter. Jane Street Group LLC’s holdings in ENI were worth $547,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in ENI by 125.1% during the third quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company’s stock worth $1,460,000 after purchasing an additional 26,646 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in ENI by 100.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company’s stock valued at $2,158,000 after buying an additional 35,730 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in ENI in the second quarter valued at $3,079,000. Stifel Financial Corp lifted its stake in ENI by 248.5% in the third quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock valued at $1,106,000 after buying an additional 26,013 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in ENI by 138.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,542 shares of the oil and gas exploration company’s stock valued at $171,000 after buying an additional 3,218 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors.

ENI Trading Up 0.6 %

Shares of E opened at $27.70 on Monday. The business’s 50-day moving average price is $28.47 and its 200 day moving average price is $30.25. The stock has a market capitalization of $46.76 billion, a P/E ratio of 16.59, a P/E/G ratio of 1.68 and a beta of 0.93. Eni S.p.A. has a 1-year low of $26.12 and a 1-year high of $34.21. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

Analysts Set New Price Targets

A number of research firms have issued reports on E. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Sanford C. Bernstein cut shares of ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.60.

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.