BlackRock Inc. lowered its position in shares of Eni SpA (NYSE:E) by 96.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,159 shares of the oil and gas exploration company’s stock after selling 235,446 shares during the period. BlackRock Inc.’s holdings in ENI were worth $303,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Eqis Capital Management Inc. purchased a new position in ENI in the second quarter valued at about $430,000. Toronto Dominion Bank grew its stake in ENI by 259.8% in the second quarter. Toronto Dominion Bank now owns 11,684 shares of the oil and gas exploration company’s stock valued at $434,000 after purchasing an additional 8,437 shares during the last quarter. Sei Investments Co. grew its stake in ENI by 28.9% in the second quarter. Sei Investments Co. now owns 13,731 shares of the oil and gas exploration company’s stock valued at $510,000 after purchasing an additional 3,080 shares during the last quarter. Whittier Trust Co. purchased a new position in ENI in the second quarter valued at about $755,000. Finally, Greenleaf Trust grew its stake in ENI by 16.7% in the second quarter. Greenleaf Trust now owns 14,182 shares of the oil and gas exploration company’s stock valued at $526,000 after purchasing an additional 2,025 shares during the last quarter. Hedge funds and other institutional investors own 1.64% of the company’s stock.

ENI stock opened at $34.12 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.40 and a quick ratio of 1.24. Eni SpA has a 52 week low of $32.13 and a 52 week high of $40.15. The stock has a market cap of $62.00 billion, a P/E ratio of 22.60, a PEG ratio of 0.55 and a beta of 0.76.

Several equities analysts have issued reports on the company. Sanford C. Bernstein reiterated a “buy” rating on shares of ENI in a research note on Friday, July 27th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of ENI in a research note on Tuesday, August 7th. Bank of America upgraded ENI from a “neutral” rating to a “buy” rating in a research note on Friday, October 5th. Barclays lowered ENI from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, September 11th. Finally, Berenberg Bank assumed coverage on ENI in a research note on Tuesday, September 11th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. ENI has a consensus rating of “Hold” and an average price target of $37.12.

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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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