Cambiar Investors LLC Has $387,000 Position in Eni S.p.A. (NYSE:E)

Cambiar Investors LLC lessened its stake in shares of Eni S.p.A. (NYSE:E) by 14.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,155 shares of the oil and gas exploration company’s stock after selling 2,394 shares during the period. Cambiar Investors LLC’s holdings in ENI were worth $387,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of ENI by 25.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock worth $93,000 after acquiring an additional 633 shares in the last quarter. R Squared Ltd acquired a new stake in shares of ENI in the 4th quarter valued at $103,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ENI in the 3rd quarter valued at $212,000. Townsquare Capital LLC bought a new position in shares of ENI in the 3rd quarter valued at $231,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of ENI by 38.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,697 shares of the oil and gas exploration company’s stock worth $233,000 after buying an additional 2,155 shares in the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on E shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research note on Tuesday. Morgan Stanley reiterated an “equal weight” rating and set a $31.60 price objective (down from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.60.

ENI Stock Performance

NYSE:E opened at $29.10 on Wednesday. The stock’s 50-day moving average is $27.89 and its 200-day moving average is $29.81. Eni S.p.A. has a 1-year low of $26.12 and a 1-year high of $33.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The stock has a market cap of $49.12 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 1.85 and a beta of 0.92.

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.