Brandes Investment Partners LP Has $17.64 Million Stock Holdings in Eni S.p.A. (NYSE:E)

Brandes Investment Partners LP lowered its holdings in Eni S.p.A. (NYSE:E) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 574,918 shares of the oil and gas exploration company’s stock after selling 22,074 shares during the quarter. Brandes Investment Partners LP’s holdings in ENI were worth $17,639,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in shares of ENI in the first quarter valued at approximately $74,000. GAMMA Investing LLC grew its stake in shares of ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after acquiring an additional 404 shares in the last quarter. Barometer Capital Management Inc. purchased a new position in ENI during the fourth quarter worth about $119,000. Toronto Dominion Bank purchased a new stake in ENI in the 1st quarter valued at about $172,000. Finally, Arkadios Wealth Advisors bought a new position in shares of ENI during the 1st quarter worth approximately $218,000. Institutional investors own 1.18% of the company’s stock.

ENI Price Performance

Shares of NYSE:E opened at $30.61 on Monday. The company’s fifty day moving average price is $31.48 and its 200-day moving average price is $31.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.09. The firm has a market capitalization of $51.67 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.34 and a beta of 0.96. Eni S.p.A. has a one year low of $28.82 and a one year high of $34.30.

ENI (NYSE:E) last released its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). ENI had a return on equity of 11.84% and a net margin of 4.21%. The firm had revenue of $24.82 billion during the quarter, compared to the consensus estimate of $25.74 billion. On average, equities research analysts anticipate that Eni S.p.A. will post 4.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

E has been the subject of several research reports. Stifel Nicolaus lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Morgan Stanley upgraded shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target for the company in a research note on Thursday, August 29th. Sanford C. Bernstein downgraded ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Redburn Atlantic raised ENI from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 25th. Finally, Royal Bank of Canada raised ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. Five equities 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, the stock presently has an average rating of “Hold” and an average target price of $39.60.

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.