Assetmark Inc. Acquires 11,347 Shares of Eni SpA $E

Assetmark Inc. raised its holdings in Eni SpA (NYSE:E) by 2,450.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,810 shares of the oil and gas exploration company’s stock after purchasing an additional 11,347 shares during the period. Assetmark Inc.’s holdings in ENI were worth $669,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of E. Natixis Advisors LLC grew its stake in ENI by 5.3% in the 4th quarter. Natixis Advisors LLC now owns 3,279,164 shares of the oil and gas exploration company’s stock valued at $124,411,000 after buying an additional 165,454 shares in the last quarter. Capital Wealth Planning LLC boosted its holdings in shares of ENI by 109.7% in the fourth quarter. Capital Wealth Planning LLC now owns 306,408 shares of the oil and gas exploration company’s stock worth $11,962,000 after acquiring an additional 160,324 shares during the period. Arosa Capital Management LP purchased a new position in shares of ENI in the fourth quarter valued at $4,173,000. Northwestern Mutual Wealth Management Co. grew its position in shares of ENI by 16,704.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,422 shares of the oil and gas exploration company’s stock valued at $3,506,000 after purchasing an additional 91,872 shares in the last quarter. Finally, LFG Wealth Partners LLC bought a new stake in shares of ENI during the 4th quarter valued at $2,975,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

ENI Trading Up 1.0%

Shares of ENI stock opened at $52.52 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 1.02. Eni SpA has a 1 year low of $33.74 and a 1 year high of $58.00. The firm has a market cap of $88.65 billion, a PE ratio of 30.18, a PEG ratio of 0.28 and a beta of 0.40. The company has a 50 day simple moving average of $50.79 and a two-hundred day simple moving average of $49.13.

ENI (NYSE:E) last posted its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. The firm had revenue of $23.22 billion for the quarter. Analysts expect that Eni SpA will post 5.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

E has been the topic of a number of recent research reports. Weiss Ratings cut ENI from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 17th. Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Rothschild & Co Redburn upgraded ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Erste Group Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Dbs Bank upgraded shares of ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.30.

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.