Dimensional Fund Advisors LP Sells 63,573 Shares of Eni S.p.A. (NYSE:E)

Dimensional Fund Advisors LP reduced its stake in Eni S.p.A. (NYSE:EFree Report) by 43.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,105 shares of the oil and gas exploration company’s stock after selling 63,573 shares during the period. Dimensional Fund Advisors LP’s holdings in ENI were worth $2,590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Raymond James & Associates boosted its position in ENI by 1.0% in the second quarter. Raymond James & Associates now owns 500,182 shares of the oil and gas exploration company’s stock valued at $15,401,000 after buying an additional 4,882 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of ENI by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 333,308 shares of the oil and gas exploration company’s stock worth $10,263,000 after acquiring an additional 22,695 shares in the last quarter. Cambiar Investors LLC grew its position in ENI by 3.2% during the 2nd quarter. Cambiar Investors LLC now owns 197,960 shares of the oil and gas exploration company’s stock worth $6,095,000 after acquiring an additional 6,121 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in ENI by 8.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 196,196 shares of the oil and gas exploration company’s stock valued at $6,041,000 after purchasing an additional 15,039 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in ENI in the 2nd quarter valued at $3,764,000. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Stock Up 0.4 %

Shares of NYSE E opened at $31.38 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $52.97 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.37 and a beta of 0.96. The firm’s 50-day moving average is $31.50 and its 200-day moving average is $31.49. Eni S.p.A. has a 1 year low of $28.82 and a 1 year high of $34.30.

ENI (NYSE:EGet Free Report) last announced 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). The business had revenue of $24.82 billion during the quarter, compared to the consensus estimate of $25.74 billion. ENI had a net margin of 4.21% and a return on equity of 11.84%. Equities analysts expect that Eni S.p.A. will post 3.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Royal Bank of Canada upgraded ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 29th. Redburn Atlantic upgraded shares of ENI from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 25th. Stifel Nicolaus lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, BNP Paribas raised ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, ENI currently has a consensus rating of “Hold” and a consensus target price of $39.60.

Get Our Latest Stock Analysis on E

About ENI

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for ENI (NYSE:E)

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