Eni SpA $E Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its position in Eni SpA (NYSE:E) by 33.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 636,891 shares of the oil and gas exploration company’s stock after acquiring an additional 158,699 shares during the period. American Century Companies Inc.’s holdings in ENI were worth $22,259,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in ENI by 2.1% during the first quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock worth $2,141,000 after acquiring an additional 1,420 shares during the period. AQR Capital Management LLC lifted its holdings in ENI by 3.4% in the first quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after acquiring an additional 495 shares during the period. Savant Capital LLC purchased a new stake in ENI during the second quarter worth about $608,000. Vestmark Advisory Solutions Inc. purchased a new stake in shares of ENI during the 2nd quarter worth approximately $802,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of ENI in the 2nd quarter worth approximately $3,982,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on E shares. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research report on Thursday, January 8th. JPMorgan Chase & Co. upgraded shares of ENI from an “underweight” rating to an “overweight” rating in a research report on Monday, March 2nd. Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Erste Group Bank raised ENI to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, UBS Group raised ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.60.

ENI Trading Up 1.3%

NYSE E opened at $48.37 on Tuesday. The company has a market cap of $81.65 billion, a P/E ratio of 28.45 and a beta of 0.57. Eni SpA has a 12 month low of $24.65 and a 12 month high of $48.92. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.02. The company has a 50-day moving average of $41.65 and a 200-day moving average of $38.16.

ENI (NYSE:E) last released its earnings results on Thursday, February 26th. The oil and gas exploration company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.09. ENI had a net margin of 3.07% and a return on equity of 9.27%. The firm had revenue of $24.33 billion during the quarter, compared to the consensus estimate of $19.45 billion. As a group, equities analysts predict that Eni SpA will post 3.74 earnings per share for the current year.

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.