Callan Family Office LLC Decreases Stake in Eni SpA (NYSE:E)

Key Points

• Callan Family Office LLC reduced its stake in Eni SpA by 18.3%, now holding $1.10 million worth of the company's shares after selling 7,944 during Q1.
• Eni SpA reported earnings of $0.79 EPS for the recent quarter, exceeding expectations, but had a revenue of $22.08 billion, below the projected $23.54 billion.
• Analyst ratings on ENI stock show a trend towards caution, with several firms downgrading their ratings, and the average target price is $31.60.

Callan Family Office LLC cut its stake in Eni SpA (NYSE:E - Free Report) by 18.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,512 shares of the oil and gas exploration company's stock after selling 7,944 shares during the period. Callan Family Office LLC's holdings in ENI were worth $1,098,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its stake in shares of ENI by 13.1% in the 4th quarter. Invesco Ltd. now owns 33,464 shares of the oil and gas exploration company's stock worth $916,000 after buying an additional 3,877 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of ENI by 76.8% in the first quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company's stock worth $104,000 after buying an additional 1,467 shares in the last quarter. Millennium Management LLC boosted its stake in ENI by 215.8% during the 4th quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company's stock valued at $8,952,000 after purchasing an additional 223,597 shares during the last quarter. Optiver Holding B.V. lifted its holdings in shares of ENI by 1,885.2% during the fourth quarter. Optiver Holding B.V. now owns 273,042 shares of the oil and gas exploration company's stock valued at $7,470,000 after purchasing an additional 259,288 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in ENI by 10.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,936 shares of the oil and gas exploration company's stock worth $307,000 after buying an additional 937 shares in the last quarter. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

ENI Stock Down 0.0%

ENI stock traded down $0.01 during trading on Friday, reaching $35.18. The stock had a trading volume of 257,116 shares, compared to its average volume of 307,948. Eni SpA has a 52-week low of $24.65 and a 52-week high of $35.46. The business has a 50 day moving average price of $33.14 and a 200 day moving average price of $30.48. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.37. The stock has a market cap of $59.38 billion, a PE ratio of 21.72 and a beta of 0.95.

ENI (NYSE:E - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.67 by $0.12. ENI had a net margin of 2.84% and a return on equity of 8.53%. The firm had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $23.54 billion. On average, analysts predict that Eni SpA will post 3.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on E. Citigroup reiterated a "neutral" rating on shares of ENI in a research report on Friday, July 11th. Kepler Capital Markets downgraded shares of ENI from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Redburn Atlantic downgraded shares of ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, ENI currently has an average rating of "Hold" and a consensus target price of $31.60.

ENI Company 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.