Eni S.p.A. (NYSE:E) Shares Sold by Ativo Capital Management LLC

Ativo Capital Management LLC reduced its holdings in Eni S.p.A. (NYSE:E) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,819 shares of the oil and gas exploration company’s stock after selling 792 shares during the period. Ativo Capital Management LLC’s holdings in ENI were worth $1,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Natixis Advisors LLC lifted its position in shares of ENI by 12.8% in the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock valued at $77,179,000 after acquiring an additional 288,968 shares in the last quarter. FMR LLC lifted its position in shares of ENI by 33.5% in the third quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock valued at $17,691,000 after acquiring an additional 146,431 shares in the last quarter. Raymond James & Associates lifted its position in shares of ENI by 0.7% in the third quarter. Raymond James & Associates now owns 503,920 shares of the oil and gas exploration company’s stock valued at $15,274,000 after acquiring an additional 3,738 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of ENI by 5.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 206,731 shares of the oil and gas exploration company’s stock valued at $6,266,000 after acquiring an additional 10,535 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in ENI by 9.2% during the third quarter. Fisher Asset Management LLC now owns 126,046 shares of the oil and gas exploration company’s stock worth $3,820,000 after buying an additional 10,589 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Price Performance

NYSE:E opened at $29.05 on Friday. Eni S.p.A. has a 52 week low of $26.12 and a 52 week high of $33.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $49.04 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.84 and a beta of 0.92. The stock’s fifty day moving average is $28.09 and its two-hundred day moving average is $29.70.

Wall Street Analyst Weigh In

A number of brokerages recently commented on E. UBS Group downgraded ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $31.60 price objective (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, ENI presently has a consensus rating of “Hold” and an average price target of $31.60.

ENI Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.