Bank of New York Mellon Corp Increases Holdings in Eni SpA (E)

Bank of New York Mellon Corp lifted its holdings in shares of Eni SpA (NYSE:E) by 12.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,435 shares of the oil and gas exploration company’s stock after purchasing an additional 3,638 shares during the quarter. Bank of New York Mellon Corp’s holdings in ENI were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacad Investment Ltd. acquired a new stake in shares of ENI during the 2nd quarter worth about $189,000. Eqis Capital Management Inc. acquired a new position in ENI during the third quarter worth approximately $223,000. Shelton Capital Management acquired a new position in ENI during the second quarter worth approximately $225,000. Advisor Group Inc. increased its position in ENI by 31.6% during the second quarter. Advisor Group Inc. now owns 7,625 shares of the oil and gas exploration company’s stock worth $229,000 after buying an additional 1,832 shares during the period. Finally, Sei Investments Co. increased its position in ENI by 39.1% during the third quarter. Sei Investments Co. now owns 7,469 shares of the oil and gas exploration company’s stock worth $246,000 after buying an additional 2,101 shares during the period. Institutional investors and hedge funds own 1.64% of the company’s stock.

Eni SpA (NYSE:E) opened at $36.57 on Friday. The company has a market capitalization of $66,378.41, a price-to-earnings ratio of 36.57 and a beta of 0.82. Eni SpA has a 12 month low of $29.44 and a 12 month high of $36.69. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.27 and a quick ratio of 1.10.

ENI (NYSE:E) last released its earnings results on Friday, October 27th. The oil and gas exploration company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.07). The business had revenue of $18.42 billion during the quarter. ENI had a net margin of 2.50% and a return on equity of 3.69%. equities analysts predict that Eni SpA will post 1.34 EPS for the current fiscal year.

Several research analysts have weighed in on the company. Goldman Sachs Group reiterated a “buy” rating on shares of ENI in a research note on Monday, December 11th. Zacks Investment Research upgraded ENI from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Thursday, December 28th. Finally, upgraded ENI from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. ENI presently has an average rating of “Hold” and an average price target of $26.50.

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ENI Profile

Eni SpA (Eni) is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading.

Institutional Ownership by Quarter for ENI (NYSE:E)

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