World Asset Management Inc decreased its stake in Eni SpA (NYSE:E) by 24.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,475 shares of the oil and gas exploration company’s stock after selling 17,819 shares during the quarter. World Asset Management Inc’s holdings in ENI were worth $2,022,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA lifted its stake in ENI by 234.8% in the fourth quarter. Glenmede Trust Co. NA now owns 3,622 shares of the oil and gas exploration company’s stock valued at $118,000 after buying an additional 2,540 shares during the period. Signaturefd LLC acquired a new position in ENI in the first quarter valued at about $181,000. Elkfork Partners LLC acquired a new position in ENI in the fourth quarter valued at about $209,000. Trexquant Investment LP acquired a new position in ENI in the first quarter valued at about $266,000. Finally, Barclays PLC lifted its stake in ENI by 33,163.3% in the first quarter. Barclays PLC now owns 9,979 shares of the oil and gas exploration company’s stock valued at $353,000 after buying an additional 9,949 shares during the period. 1.77% of the stock is currently owned by hedge funds and other institutional investors.

ENI opened at $37.73 on Friday, according to Marketbeat. The stock has a market cap of $68.14 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 0.65 and a beta of 0.82. The company has a current ratio of 1.45, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41. Eni SpA has a one year low of $30.13 and a one year high of $40.15.

ENI (NYSE:E) last released its quarterly earnings results on Friday, April 27th. The oil and gas exploration company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.07. The company had revenue of $22.20 billion for the quarter. ENI had a return on equity of 5.63% and a net margin of 4.93%. research analysts anticipate that Eni SpA will post 2.91 earnings per share for the current fiscal year.

E has been the topic of several analyst reports. Zacks Investment Research raised ENI from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Monday, April 23rd. Barclays raised ENI from an “underweight” rating to an “equal weight” rating in a research report on Thursday, May 17th. Deutsche Bank raised ENI from a “hold” rating to a “buy” rating in a research report on Wednesday, April 11th. BNP Paribas raised ENI from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 23rd. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of ENI in a research report on Tuesday, May 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $30.41.

About ENI

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 46 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Indonesia, Ghana, and Mozambique.

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Institutional Ownership by Quarter for ENI (NYSE:E)

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