Private Advisor Group LLC Cuts Position in Eni S.p.A. (NYSE:E)

Private Advisor Group LLC lessened its holdings in Eni S.p.A. (NYSE:E) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,247 shares of the oil and gas exploration company’s stock after selling 776 shares during the quarter. Private Advisor Group LLC’s holdings in ENI were worth $417,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its position in ENI by 30.5% during the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock valued at $70,000 after purchasing an additional 581 shares during the period. R Squared Ltd bought a new position in ENI during the fourth quarter valued at approximately $103,000. Wealth Enhancement Advisory Services LLC bought a new position in ENI during the third quarter valued at approximately $212,000. Park Avenue Securities LLC bought a new position in ENI during the fourth quarter valued at approximately $216,000. Finally, Townsquare Capital LLC bought a new position in ENI during the third quarter valued at approximately $231,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Trading Down 1.4 %

NYSE:E opened at $28.16 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. Eni S.p.A. has a 52 week low of $26.12 and a 52 week high of $33.78. The stock has a market capitalization of $47.53 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.86 and a beta of 0.92. The firm has a 50 day moving average of $28.44 and a 200 day moving average of $29.56.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group cut shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. StockNews.com cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley restated an “equal weight” rating and set a $31.60 target price (down previously from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ENI presently has a consensus rating of “Hold” and a consensus target price of $31.60.

About ENI

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.