Eni S.p.A. (NYSE:E) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in Eni S.p.A. (NYSE:E) by 77.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,651 shares of the oil and gas exploration company’s stock after selling 114,383 shares during the period. Bank of New York Mellon Corp’s holdings in ENI were worth $1,036,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of ENI by 19.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock valued at $75,000 after buying an additional 404 shares during the period. EverSource Wealth Advisors LLC grew its position in ENI by 5.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9,101 shares of the oil and gas exploration company’s stock valued at $310,000 after acquiring an additional 439 shares during the period. O Shaughnessy Asset Management LLC increased its stake in ENI by 0.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 58,884 shares of the oil and gas exploration company’s stock worth $1,868,000 after acquiring an additional 470 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of ENI by 5.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 11,933 shares of the oil and gas exploration company’s stock worth $379,000 after purchasing an additional 573 shares during the period. Finally, Gallacher Capital Management LLC lifted its stake in shares of ENI by 4.0% in the 1st quarter. Gallacher Capital Management LLC now owns 15,222 shares of the oil and gas exploration company’s stock valued at $483,000 after purchasing an additional 579 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

E has been the topic of several recent research reports. StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, September 13th. BNP Paribas raised ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Redburn Atlantic upgraded ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th. Morgan Stanley raised ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a research report on Thursday, August 29th. Finally, Stifel Nicolaus downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.60.

ENI Trading Down 0.0 %

NYSE E opened at $32.05 on Friday. 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 S.p.A. has a one year low of $28.82 and a one year high of $34.30. The company has a 50-day simple moving average of $31.46 and a 200-day simple moving average of $31.54. The firm has a market capitalization of $54.10 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96.

ENI (NYSE:E) 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 analysts’ consensus estimates of $1.12 by ($0.14). ENI had a net margin of 4.21% and a return on equity of 11.84%. The company had revenue of $24.82 billion for the quarter, compared to analyst estimates of $25.74 billion. On average, equities analysts forecast that Eni S.p.A. will post 4.18 earnings per share for the current year.

About ENI

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.