CI Investments Inc. Has $6.97 Million Stock Position in Eni SpA $E

CI Investments Inc. lessened its stake in shares of Eni SpA (NYSE:E) by 19.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,296 shares of the oil and gas exploration company’s stock after selling 48,569 shares during the quarter. CI Investments Inc.’s holdings in ENI were worth $6,965,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC raised its stake in ENI by 179.3% during the 2nd quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock worth $30,000 after buying an additional 588 shares during the period. MAI Capital Management raised its position in shares of ENI by 2,488.4% during the second quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after purchasing an additional 1,070 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of ENI by 100.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company’s stock worth $49,000 after purchasing an additional 750 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of ENI by 84.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,525 shares of the oil and gas exploration company’s stock worth $53,000 after purchasing an additional 696 shares in the last quarter. Finally, Rhumbline Advisers grew its position in ENI by 10.3% in the 3rd quarter. Rhumbline Advisers now owns 4,637 shares of the oil and gas exploration company’s stock valued at $162,000 after purchasing an additional 433 shares during the period. 1.18% of the stock is owned by institutional investors.

ENI Stock Performance

Shares of NYSE E opened at $46.77 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. The stock’s 50 day moving average price is $41.06 and its 200-day moving average price is $37.88. Eni SpA has a twelve month low of $24.65 and a twelve month high of $47.80.

ENI (NYSE:E) last posted its quarterly earnings data on Thursday, February 26th. The oil and gas exploration company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.09. The business had revenue of $24.33 billion for the quarter, compared to analysts’ expectations of $19.45 billion. ENI had a return on equity of 9.22% and a net margin of 3.07%. As a group, equities analysts predict that Eni SpA will post 3.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on E shares. JPMorgan Chase & Co. raised shares of ENI from an “underweight” rating to an “overweight” rating in a research note on Monday. Zacks Research upgraded shares of ENI from a “strong sell” rating to a “hold” rating in a report on Monday. Barclays reiterated an “overweight” rating on shares of ENI in a research note on Friday, December 12th. UBS Group raised ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.60.

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.