World Equity Group Inc. bought a new position in shares of Eni SpA (NYSE:E – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 9,400 shares of the oil and gas exploration company’s stock, valued at approximately $440,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of E. DV Equities LLC acquired a new stake in shares of ENI during the fourth quarter worth about $35,000. Manchester Capital Management LLC grew its holdings in shares of ENI by 56.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock valued at $46,000 after purchasing an additional 437 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of ENI in the third quarter valued at approximately $47,000. Larson Financial Group LLC increased its stake in ENI by 37.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock worth $48,000 after buying an additional 378 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new position in ENI in the 3rd quarter valued at approximately $48,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
E has been the subject of several research reports. Wall Street Zen upgraded shares of ENI from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded ENI from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Dbs Bank raised ENI from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 28th. Erste Group Bank downgraded ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Zacks Research downgraded ENI from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.
ENI Price Performance
E stock opened at $54.87 on Tuesday. The stock has a market cap of $92.62 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.25 and a beta of 0.39. Eni SpA has a fifty-two week low of $34.03 and a fifty-two week high of $58.00. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $50.69 and a 200 day moving average price of $50.40.
ENI (NYSE:E – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. The company had revenue of $25.87 billion for the quarter, compared to analysts’ expectations of $27.93 billion. ENI had a net margin of 6.51% and a return on equity of 11.27%. Equities research analysts anticipate that Eni SpA will post 5.63 earnings per share for the current fiscal year.
About ENI
ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.
Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.
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