Ativo Capital Management LLC Sells 477 Shares of Eni S.p.A. (NYSE:E)

Ativo Capital Management LLC reduced its position in Eni S.p.A. (NYSE:E) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 37,611 shares of the oil and gas exploration company’s stock after selling 477 shares during the quarter. Ativo Capital Management LLC’s holdings in ENI were worth $1,140,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in E. Fisher Asset Management LLC raised its holdings in shares of ENI by 9.2% during the 3rd quarter. Fisher Asset Management LLC now owns 126,046 shares of the oil and gas exploration company’s stock worth $3,820,000 after buying an additional 10,589 shares in the last quarter. Cerity Partners LLC grew its position in ENI by 33.1% in the third quarter. Cerity Partners LLC now owns 36,993 shares of the oil and gas exploration company’s stock valued at $1,121,000 after acquiring an additional 9,209 shares during the last quarter. Eagle Asset Management Inc. raised its stake in ENI by 11.0% during the third quarter. Eagle Asset Management Inc. now owns 19,029 shares of the oil and gas exploration company’s stock worth $569,000 after acquiring an additional 1,893 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of ENI by 100.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company’s stock worth $2,158,000 after acquiring an additional 35,730 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of ENI by 5.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 206,731 shares of the oil and gas exploration company’s stock valued at $6,266,000 after purchasing an additional 10,535 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on E shares. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Morgan Stanley raised ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a research note on Thursday, August 29th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.60.

ENI Price Performance

Shares of NYSE:E opened at $29.01 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. Eni S.p.A. has a 52 week low of $28.74 and a 52 week high of $34.30. The firm has a market cap of $48.97 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.27 and a beta of 0.95. The firm’s fifty day moving average is $30.62 and its 200-day moving average is $30.98.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.