Ngam Advisors L.P. raised its stake in shares of ENI S.p.A. (NYSE:E) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 238,528 shares of the oil and gas exploration company’s stock after buying an additional 16,227 shares during the period. Ngam Advisors L.P.’s holdings in ENI S.p.A. were worth $7,807,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in E. Cornerstone Financial Partners LLC acquired a new position in shares of ENI S.p.A. during the first quarter worth about $745,000. Capstone Asset Management Co. raised its position in ENI S.p.A. by 3.8% in the first quarter. Capstone Asset Management Co. now owns 104,928 shares of the oil and gas exploration company’s stock valued at $3,434,000 after buying an additional 3,825 shares during the last quarter. Menora Mivtachim Holdings LTD. purchased a new position in ENI S.p.A. during the fourth quarter valued at about $161,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of ENI S.p.A. by 5.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,690 shares of the oil and gas exploration company’s stock valued at $311,000 after buying an additional 501 shares during the period. Finally, Fiera Capital Corp increased its stake in shares of ENI S.p.A. by 1.6% in the fourth quarter. Fiera Capital Corp now owns 153,000 shares of the oil and gas exploration company’s stock valued at $4,933,000 after buying an additional 2,450 shares during the period. Institutional investors and hedge funds own 1.68% of the company’s stock.
ENI S.p.A. (E) traded down 2.29% on Tuesday, reaching $30.36. The company’s stock had a trading volume of 76,443 shares. The stock has a 50-day moving average of $32.05 and a 200-day moving average of $31.72. ENI S.p.A. has a one year low of $26.15 and a one year high of $34.62. The stock has a market cap of $54.25 billion, a P/E ratio of 163.23 and a beta of 0.81.
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Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of ENI S.p.A. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. BNP Paribas cut ENI S.p.A. from a “neutral” rating to an “underperform” rating in a research note on Sunday, May 28th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of ENI S.p.A. in a research note on Friday, March 10th. Morgan Stanley cut ENI S.p.A. from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, April 5th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of ENI S.p.A. in a research note on Wednesday, February 22nd. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. ENI S.p.A. has an average rating of “Hold” and a consensus target price of $36.00.
About ENI S.p.A.
Eni SpA (Eni) is engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading.
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