Westside Investment Management Inc. purchased a new stake in Eni SpA (NYSE:E) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 600 shares of the oil and gas exploration company’s stock, valued at approximately $3,545,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Covenant Multifamily Offices LLC acquired a new position in shares of ENI during the first quarter worth approximately $63,000. Global Retirement Partners LLC raised its position in shares of ENI by 19.9% during the first quarter. Global Retirement Partners LLC now owns 2,168 shares of the oil and gas exploration company’s stock worth $76,000 after purchasing an additional 360 shares during the period. Vigilant Capital Management LLC acquired a new position in shares of ENI during the first quarter worth approximately $86,000. Lindbrook Capital LLC raised its position in shares of ENI by 40.9% during the second quarter. Lindbrook Capital LLC now owns 2,901 shares of the oil and gas exploration company’s stock worth $95,000 after purchasing an additional 842 shares during the period. Finally, Private Capital Group LLC raised its position in shares of ENI by 111.1% during the first quarter. Private Capital Group LLC now owns 4,085 shares of the oil and gas exploration company’s stock worth $144,000 after purchasing an additional 2,150 shares during the period. 1.67% of the stock is currently owned by hedge funds and other institutional investors.
E has been the topic of a number of research reports. Santander raised ENI from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. Zacks Investment Research upgraded ENI from a “strong sell” rating to a “hold” rating and set a $27.00 price target for the company in a report on Thursday, July 18th. Finally, Citigroup downgraded ENI from a “buy” rating to a “neutral” rating in a report on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. ENI currently has a consensus rating of “Hold” and a consensus price target of $22.00.
ENI stock traded down $0.49 during trading on Friday, hitting $30.32. 309,292 shares of the company were exchanged, compared to its average volume of 160,783. The firm has a 50 day simple moving average of $32.34. Eni SpA has a 52 week low of $29.75 and a 52 week high of $39.16. The company has a market capitalization of $55.98 billion, a P/E ratio of 10.11, a P/E/G ratio of 3.90 and a beta of 0.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.32 and a quick ratio of 1.17.
ENI (NYSE:E) last announced its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.29). ENI had a return on equity of 8.42% and a net margin of 4.59%. The company had revenue of $21.16 billion for the quarter. Equities analysts expect that Eni SpA will post 2.31 earnings per share for the current fiscal year.
Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.
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