New York State Common Retirement Fund Buys New Position in Eni SpA $E

New York State Common Retirement Fund bought a new position in Eni SpA (NYSE:E) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 57,683 shares of the oil and gas exploration company’s stock, valued at approximately $2,016,000.

Other institutional investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC grew its holdings in shares of ENI by 179.3% during the second quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 588 shares during the last quarter. MAI Capital Management boosted its stake in shares of ENI by 2,488.4% in the 2nd quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after buying an additional 1,070 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of ENI by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company’s stock valued at $49,000 after acquiring an additional 750 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of ENI by 84.0% during the third quarter. Farther Finance Advisors LLC now owns 1,525 shares of the oil and gas exploration company’s stock valued at $53,000 after acquiring an additional 696 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in ENI by 65.1% during the second quarter. Bessemer Group Inc. now owns 5,620 shares of the oil and gas exploration company’s stock worth $182,000 after acquiring an additional 2,215 shares during the period. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Stock Up 1.9%

ENI stock opened at $42.29 on Monday. The firm has a 50 day simple moving average of $38.54 and a 200 day simple moving average of $36.63. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37. Eni SpA has a 1-year low of $24.65 and a 1-year high of $42.34. The firm has a market capitalization of $71.39 billion, a price-to-earnings ratio of 23.11 and a beta of 0.61.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on E shares. JPMorgan Chase & Co. lowered ENI from an “overweight” rating to an “underweight” rating in a research report on Friday, December 5th. Citigroup restated a “neutral” rating on shares of ENI in a report on Tuesday, November 4th. UBS Group upgraded shares of ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research note on Wednesday, January 21st. Finally, Zacks Research downgraded ENI from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.60.

ENI Company Profile

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.