Advisors Preferred LLC Purchases New Holdings in Eni SpA $E

Advisors Preferred LLC purchased a new stake in Eni SpA (NYSE:E) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 52,188 shares of the oil and gas exploration company’s stock, valued at approximately $1,830,000.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. increased its position in shares of ENI by 5.1% during the third quarter. Bessemer Group Inc. now owns 5,904 shares of the oil and gas exploration company’s stock valued at $206,000 after purchasing an additional 284 shares during the period. DAVENPORT & Co LLC boosted its stake in ENI by 2.8% during the third quarter. DAVENPORT & Co LLC now owns 10,667 shares of the oil and gas exploration company’s stock worth $373,000 after buying an additional 294 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in ENI by 3.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,284 shares of the oil and gas exploration company’s stock worth $366,000 after buying an additional 326 shares in the last quarter. Checchi Capital Advisers LLC increased its holdings in ENI by 3.6% in the 3rd quarter. Checchi Capital Advisers LLC now owns 10,970 shares of the oil and gas exploration company’s stock valued at $383,000 after buying an additional 377 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of ENI by 2.4% in the 3rd quarter. Blue Trust Inc. now owns 16,834 shares of the oil and gas exploration company’s stock valued at $588,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Stock Up 0.7%

ENI stock opened at $44.14 on Friday. The stock has a 50-day simple moving average of $39.71 and a 200 day simple moving average of $37.26. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 0.37. Eni SpA has a 12-month low of $24.65 and a 12-month high of $44.20.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on E. Citigroup reiterated a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. Jefferies Financial Group restated a “buy” rating on shares of ENI in a research note on Thursday, January 8th. UBS Group upgraded ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Finally, Erste Group Bank raised ENI to a “strong-buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, ENI presently has an average rating of “Hold” and a consensus target price of $34.60.

ENI 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.