Jenkins Wealth purchased a new position in shares of Eni S.p.A. (NYSE:E – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 35,817 shares of the oil and gas exploration company’s stock, valued at approximately $1,027,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CoreCommodity Management LLC increased its stake in ENI by 24.2% in the second quarter. CoreCommodity Management LLC now owns 30,364 shares of the oil and gas exploration company’s stock valued at $723,000 after purchasing an additional 5,915 shares during the period. Signaturefd LLC increased its stake in ENI by 26.5% in the third quarter. Signaturefd LLC now owns 19,017 shares of the oil and gas exploration company’s stock valued at $402,000 after purchasing an additional 3,987 shares during the period. Rosenberg Matthew Hamilton acquired a new position in ENI in the third quarter valued at $35,000. PFS Investments Inc. increased its stake in ENI by 19.8% in the second quarter. PFS Investments Inc. now owns 57,456 shares of the oil and gas exploration company’s stock valued at $1,368,000 after purchasing an additional 9,505 shares during the period. Finally, Gabelli Funds LLC increased its stake in ENI by 0.8% in the third quarter. Gabelli Funds LLC now owns 130,000 shares of the oil and gas exploration company’s stock valued at $2,748,000 after purchasing an additional 1,000 shares during the period. 1.18% of the stock is currently owned by institutional investors and hedge funds.
ENI Stock Down 1.6 %
ENI stock opened at $25.80 on Friday. The company’s 50-day moving average price is $29.83 and its two-hundred day moving average price is $27.36. The stock has a market cap of $46.51 billion, a price-to-earnings ratio of 3.12 and a beta of 1.01. The company has a current ratio of 1.28, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. Eni S.p.A. has a 52 week low of $20.38 and a 52 week high of $32.21.
ENI Cuts Dividend
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on E. Stifel Nicolaus began coverage on shares of ENI in a report on Tuesday, December 13th. They issued a “buy” rating on the stock. Royal Bank of Canada lowered shares of ENI from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, December 14th. Sanford C. Bernstein raised shares of ENI from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 3rd. JPMorgan Chase & Co. lowered shares of ENI from an “overweight” rating to a “neutral” rating in a research report on Thursday, January 19th. Finally, HSBC raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Tuesday, March 14th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.25.
ENI Company Profile
Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.
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