Eni S.p.A. (NYSE:E) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC cut its holdings in shares of Eni S.p.A. (NYSE:E) by 91.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,549 shares of the oil and gas exploration company’s stock after selling 181,411 shares during the period. Cambiar Investors LLC’s holdings in ENI were worth $502,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Marshall Wace LLP acquired a new stake in ENI in the 2nd quarter worth approximately $6,875,000. Manning & Napier Advisors LLC acquired a new stake in shares of ENI during the second quarter worth $3,764,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of ENI during the second quarter worth $3,141,000. Lighthouse Investment Partners LLC purchased a new stake in shares of ENI during the second quarter valued at $3,079,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of ENI by 269.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 118,755 shares of the oil and gas exploration company’s stock valued at $3,656,000 after acquiring an additional 86,620 shares during the period. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Stock Down 0.4 %

E opened at $30.30 on Friday. The company has a fifty day moving average of $31.21 and a two-hundred day moving average of $31.28. 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 fifty-two week low of $28.82 and a fifty-two week high of $34.30. The stock has a market capitalization of $51.15 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.29 and a beta of 0.96.

Analysts Set New Price Targets

E has been the subject of several research analyst reports. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a research note on Friday. BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Stifel Nicolaus cut shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Royal Bank of Canada raised shares of ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. Finally, Morgan Stanley upgraded ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective for the company in a research note on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.60.

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.