Eqis Capital Management Inc. lowered its holdings in Eni SpA (NYSE:E) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,183 shares of the oil and gas exploration company’s stock after selling 2,546 shares during the period. Eqis Capital Management Inc.’s holdings in ENI were worth $667,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Moody National Bank Trust Division boosted its holdings in ENI by 1.4% in the fourth quarter. Moody National Bank Trust Division now owns 22,792 shares of the oil and gas exploration company’s stock valued at $718,000 after acquiring an additional 317 shares during the last quarter. Legacy Financial Advisors Inc. boosted its holdings in ENI by 207.7% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,123 shares of the oil and gas exploration company’s stock valued at $35,000 after acquiring an additional 758 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in ENI in the fourth quarter valued at $43,000. Advisors Asset Management Inc. boosted its holdings in ENI by 3.2% in the third quarter. Advisors Asset Management Inc. now owns 73,380 shares of the oil and gas exploration company’s stock valued at $2,763,000 after acquiring an additional 2,295 shares during the last quarter. Finally, Bartlett & Co. LLC acquired a new position in ENI in the third quarter valued at $104,000. 1.71% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on E. JPMorgan Chase & Co. upgraded ENI from an “underweight” rating to a “neutral” rating in a report on Friday, January 18th. ValuEngine cut ENI from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Berenberg Bank upgraded ENI from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Zacks Investment Research cut ENI from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Finally, Deutsche Bank cut ENI from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research note on Monday, December 10th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.41.

Shares of E opened at $33.30 on Wednesday. The stock has a market cap of $60.05 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 0.61 and a beta of 0.67. Eni SpA has a 12 month low of $29.75 and a 12 month high of $40.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.40.

ENI (NYSE:E) last issued its quarterly earnings data on Wednesday, November 7th. The oil and gas exploration company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.23. The company had revenue of $23.14 billion for the quarter. ENI had a return on equity of 8.38% and a net margin of 7.47%. As a group, equities research analysts predict that Eni SpA will post 2.79 earnings per share for the current fiscal year.

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ENI Profile

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.

Further Reading: Preferred Stock

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Institutional Ownership by Quarter for ENI (NYSE:E)

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