Eni S P A (E) Holder Brandes Investment Partners LP Trimmed Holding by $11.71 Million

October 13, 2018 - By Peter Erickson

Brandes Investment Partners Lp decreased its stake in Eni S P A (E) by 13.32% based on its latest 2018Q2 regulatory filing with the SEC. Brandes Investment Partners Lp sold 316,511 shares as the company’s stock rose 1.86% with the market. The institutional investor held 2.06 million shares of the oil & gas production company at the end of 2018Q2, valued at $76.43M, down from 2.38M at the end of the previous reported quarter. Brandes Investment Partners Lp who had been investing in Eni S P A for a number of months, seems to be less bullish one the $64.94 billion market cap company. The stock decreased 0.44% or $0.16 during the last trading session, reaching $36.14. About 140,432 shares traded. Eni S.p.A. (NYSE:E) has risen 14.53% since October 13, 2017 and is uptrending. It has underperformed by 1.09% the S&P500.

Brandes Investment Partners Lp, which manages about $26.91B and $4.44 billion US Long portfolio, upped its stake in American Intl Group I (NYSE:AIG) by 74,196 shares to 1.43 million shares, valued at $75.73M in 2018Q2, according to the filing. It also increased its holding in Ypf Sociedad Anonima (NYSE:YPF) by 863,398 shares in the quarter, for a total of 7.31 million shares, and has risen its stake in Adecoagro S A (NYSE:AGRO).

More notable recent Eni S.p.A. (NYSE:E) news were published by: Seekingalpha.com which released: “ENI: 2 Positive Developments For Growth” on September 14, 2018, also Seekingalpha.com with their article: “Lukoil to sign deal with Eni on Mexican Gulf JV next week” published on October 05, 2018, Seekingalpha.com published: “Eni Sees More Positive Developments” on October 10, 2018. More interesting news about Eni S.p.A. (NYSE:E) were released by: Gurufocus.com and their article: “6 Stocks With Low Price-Earnings Ratios” published on October 09, 2018 as well as Seekingalpha.com‘s news article titled: “Shell, Eni venture to pay $1.1B to settle Kazakhstan dispute” with publication date: October 01, 2018.

Eni S.p.A. (NYSE:E) Ratings Coverage

Among 3 analysts covering ENI S.p.A. Common Stock (NYSE:E), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. ENI S.p.A. Common Stock had 4 analyst reports since May 17, 2018 according to SRatingsIntel. The company was upgraded on Thursday, May 17 by Barclays Capital. The firm has “Outperform” rating by Credit Suisse given on Thursday, July 19. The stock has “Underweight” rating by Barclays Capital on Tuesday, September 11.

Eni S.p.A. (NYSE:E) Ratings Chart

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