Eni S.p.A. (NYSE:E) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its position in Eni S.p.A. (NYSE:E) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,999 shares of the oil and gas exploration company’s stock after selling 2,530 shares during the quarter. Janney Montgomery Scott LLC’s holdings in ENI were worth $246,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of E. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ENI in the 3rd quarter worth $212,000. Park Avenue Securities LLC acquired a new stake in shares of ENI during the 4th quarter worth about $216,000. Townsquare Capital LLC acquired a new stake in shares of ENI during the 3rd quarter worth about $231,000. Allspring Global Investments Holdings LLC increased its position in shares of ENI by 38.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,697 shares of the oil and gas exploration company’s stock worth $233,000 after purchasing an additional 2,155 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of ENI during the 4th quarter worth about $235,000. 1.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on E shares. StockNews.com raised ENI from a “hold” rating to a “buy” rating in a research report on Tuesday. Morgan Stanley restated an “equal weight” rating and set a $31.60 target price (down from $37.50) on shares of ENI in a report on Tuesday, January 7th. Finally, UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, ENI has a consensus rating of “Hold” and an average target price of $31.60.

ENI Stock Performance

NYSE:E opened at $28.96 on Thursday. The firm has a market capitalization of $48.88 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.85 and a beta of 0.92. The business’s fifty day moving average price is $27.91 and its 200 day moving average price is $29.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. Eni S.p.A. has a 12 month low of $26.12 and a 12 month high of $33.78.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.