Eni S.p.A. (NYSE:E) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC trimmed its holdings in shares of Eni S.p.A. (NYSE:E) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,856 shares of the oil and gas exploration company’s stock after selling 3,632 shares during the period. Schechter Investment Advisors LLC’s holdings in ENI were worth $735,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in ENI by 30.5% in the 4th quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock valued at $70,000 after purchasing an additional 581 shares in the last quarter. R Squared Ltd purchased a new position in shares of ENI during the fourth quarter valued at approximately $103,000. Jones Financial Companies Lllp boosted its position in ENI by 93.4% during the fourth quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company’s stock worth $122,000 after acquiring an additional 2,149 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in ENI in the 3rd quarter worth approximately $212,000. Finally, Park Avenue Securities LLC acquired a new position in ENI in the 4th quarter valued at $216,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Trading Down 1.4 %

E stock opened at $28.16 on Wednesday. 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 cap of $47.53 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.86 and a beta of 0.92. The business has a fifty day simple moving average of $28.44 and a 200-day simple moving average of $29.56. Eni S.p.A. has a 52 week low of $26.12 and a 52 week high of $33.78.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on E shares. UBS Group cut ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Morgan Stanley reissued an “equal weight” rating and issued a $31.60 price target (down from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Finally, StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.