Schechter Investment Advisors LLC Decreases Holdings in Eni S.p.A. (NYSE:E)

Schechter Investment Advisors LLC reduced its stake in Eni S.p.A. (NYSE:E) by 11.9% in the 4th quarter, Holdings Channel reports. The firm owned 26,856 shares of the oil and gas exploration company’s stock after selling 3,632 shares during the quarter. Schechter Investment Advisors LLC’s holdings in ENI were worth $735,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in E. Natixis Advisors LLC lifted its position in shares of ENI by 12.8% during the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock worth $77,179,000 after purchasing an additional 288,968 shares in the last quarter. FMR LLC lifted its holdings in ENI by 33.5% in the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock worth $17,691,000 after buying an additional 146,431 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in 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 worth $6,266,000 after buying an additional 10,535 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of ENI by 9.2% during the third quarter. Fisher Asset Management LLC now owns 126,046 shares of the oil and gas exploration company’s stock valued at $3,820,000 after acquiring an additional 10,589 shares in the last quarter. Finally, Todd Asset Management LLC increased its position in shares of ENI by 4.7% during the fourth quarter. Todd Asset Management LLC now owns 117,000 shares of the oil and gas exploration company’s stock worth $3,201,000 after acquiring an additional 5,300 shares during the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Price Performance

Shares of E opened at $28.16 on Wednesday. Eni S.p.A. has a 52 week low of $26.12 and a 52 week 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 firm 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 stock has a 50 day moving average of $28.44 and a 200-day moving average of $29.56.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com downgraded ENI from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Morgan Stanley reissued an “equal weight” rating and set a $31.60 price target (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, UBS Group cut shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, ENI presently has a consensus rating of “Hold” and an average price target 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.