Cibc Bank USA Cuts Stake in Eni SpA (E)

Cibc Bank USA decreased its position in shares of Eni SpA (NYSE:E) by 21.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,870 shares of the oil and gas exploration company’s stock after selling 1,870 shares during the quarter. Cibc Bank USA’s holdings in ENI were worth $216,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of E. Legacy Financial Advisors Inc. boosted its stake in ENI by 207.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,123 shares of the oil and gas exploration company’s stock worth $35,000 after purchasing an additional 758 shares during the period. Financial Gravity Companies Inc. bought a new position in ENI in the 4th quarter worth about $40,000. Contravisory Investment Management Inc. bought a new position in ENI in the 4th quarter worth about $43,000. Private Capital Group LLC boosted its stake in ENI by 82.4% in the 4th quarter. Private Capital Group LLC now owns 1,935 shares of the oil and gas exploration company’s stock worth $61,000 after purchasing an additional 874 shares during the period. Finally, Bartlett & Co. LLC bought a new position in ENI in the 3rd quarter worth about $104,000. Institutional investors own 1.74% of the company’s stock.

Shares of NYSE E opened at $33.40 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.40. The stock has a market cap of $60.27 billion, a P/E ratio of 22.12, a PEG ratio of 0.57 and a beta of 0.68. Eni SpA has a 1-year low of $29.75 and a 1-year high of $40.15.

Several brokerages have commented on E. JPMorgan Chase & Co. upgraded ENI from an “underweight” rating to a “neutral” rating in a research note on Friday, January 18th. ValuEngine raised ENI from a “sell” rating to a “hold” rating in a report on Friday, January 4th. Zacks Investment Research cut ENI from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Berenberg Bank raised ENI from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. 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 report on Monday, December 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $30.41.

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About ENI

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.

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Institutional Ownership by Quarter for ENI (NYSE:E)

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