Bank of New York Mellon Corp raised its stake in shares of Eni SpA (NYSE:E) by 12.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,435 shares of the oil and gas exploration company’s stock after acquiring an additional 3,638 shares during the period. Bank of New York Mellon Corp’s holdings in ENI were worth $1,073,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP purchased a new stake in shares of ENI during the 2nd quarter worth approximately $415,000. Pacad Investment Ltd. purchased a new stake in ENI in the 2nd quarter valued at $189,000. Ameriprise Financial Inc. raised its position in ENI by 26.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 61,622 shares of the oil and gas exploration company’s stock valued at $1,852,000 after purchasing an additional 12,853 shares during the last quarter. PNC Financial Services Group Inc. raised its position in ENI by 22.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 178,480 shares of the oil and gas exploration company’s stock valued at $5,366,000 after purchasing an additional 32,513 shares during the last quarter. Finally, Advisor Group Inc. raised its position in ENI by 31.6% in the 2nd quarter. Advisor Group Inc. now owns 7,625 shares of the oil and gas exploration company’s stock valued at $229,000 after purchasing an additional 1,832 shares during the last quarter. Institutional investors and hedge funds own 1.64% of the company’s stock.
E has been the topic of several recent research reports. Zacks Investment Research raised shares of ENI from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Thursday, December 28th. raised shares of ENI from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of ENI in a research note on Monday, December 11th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $29.00.
Shares of Eni SpA (E) traded down $1.32 during midday trading on Friday, reaching $35.51. 233,151 shares of the company were exchanged, compared to its average volume of 221,686. The firm has a market cap of $65,220.00, a PE ratio of 30.88 and a beta of 0.91. Eni SpA has a 12-month low of $29.44 and a 12-month high of $37.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.10 and a current ratio of 1.27.
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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.
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