Barclays PLC Decreases Position in Eni S.p.A. (NYSE:E)

Barclays PLC lessened its stake in Eni S.p.A. (NYSE:E) by 18.8% in the third quarter, Holdings Channel reports. The institutional investor owned 17,207 shares of the oil and gas exploration company’s stock after selling 3,987 shares during the quarter. Barclays PLC’s holdings in ENI were worth $522,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its stake in ENI by 25.9% in the third quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock valued at $93,000 after acquiring an additional 633 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of ENI by 138.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,542 shares of the oil and gas exploration company’s stock worth $171,000 after acquiring an additional 3,218 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ENI in the 3rd quarter worth about $212,000. Townsquare Capital LLC bought a new stake in ENI in the 3rd quarter valued at about $231,000. Finally, Aaron Wealth Advisors LLC acquired a new position in ENI during the 3rd quarter valued at about $239,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

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

ENI Stock Up 0.6 %

Shares of E stock opened at $27.53 on Friday. Eni S.p.A. has a 1 year low of $26.12 and a 1 year high of $34.21. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The business’s fifty day moving average is $28.53 and its 200-day moving average is $30.25. The stock has a market cap of $46.47 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93.

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.