Raymond James & Associates Increases Holdings in Eni S.p.A. (NYSE:E)

Raymond James & Associates increased its holdings in Eni S.p.A. (NYSE:EFree Report) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 503,920 shares of the oil and gas exploration company’s stock after purchasing an additional 3,738 shares during the period. Raymond James & Associates’ holdings in ENI were worth $15,274,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in E. Allspring Global Investments Holdings LLC acquired a new stake in ENI in the first quarter valued at approximately $74,000. GAMMA Investing LLC boosted its stake in shares of ENI by 19.8% in the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after buying an additional 404 shares during the last quarter. Toronto Dominion Bank acquired a new position in ENI in the first quarter valued at approximately $172,000. Pitcairn Co. acquired a new stake in ENI during the first quarter valued at $218,000. Finally, Atomi Financial Group Inc. increased its holdings in ENI by 12.9% in the first quarter. Atomi Financial Group Inc. now owns 7,195 shares of the oil and gas exploration company’s stock valued at $228,000 after buying an additional 820 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors.

ENI Trading Up 0.3 %

NYSE E opened at $31.00 on Friday. Eni S.p.A. has a one year low of $28.82 and a one year high of $34.30. The firm has a 50 day simple moving average of $31.39 and a 200-day simple moving average of $31.38. The firm has a market cap of $52.33 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.37 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.28.

ENI (NYSE:EGet Free Report) last released its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). ENI had a net margin of 4.21% and a return on equity of 11.84%. The company had revenue of $24.82 billion during the quarter, compared to analysts’ expectations of $25.74 billion. Equities research analysts anticipate that Eni S.p.A. will post 3.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

E has been the subject of several research reports. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Morgan Stanley upgraded ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective on the stock in a research report on Thursday, August 29th. StockNews.com cut ENI from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Sanford C. Bernstein lowered ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Stifel Nicolaus cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.60.

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ENI Company Profile

(Free Report)

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.

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Institutional Ownership by Quarter for ENI (NYSE:E)

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