Gradient Investments LLC reduced its position in Eni SpA (NYSE:E) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,681 shares of the oil and gas exploration company’s stock after selling 1,301 shares during the quarter. Gradient Investments LLC’s holdings in ENI were worth $1,507,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in E. Bank of Montreal Can grew its holdings in shares of ENI by 39.5% during the second quarter. Bank of Montreal Can now owns 23,932 shares of the oil and gas exploration company’s stock valued at $791,000 after buying an additional 6,780 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of ENI during the second quarter valued at $150,000. Tower Research Capital LLC TRC purchased a new stake in shares of ENI during the second quarter valued at $78,000. Mackenzie Financial Corp grew its holdings in shares of ENI by 52.9% during the second quarter. Mackenzie Financial Corp now owns 1,876,665 shares of the oil and gas exploration company’s stock valued at $61,986,000 after buying an additional 649,100 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of ENI by 219.0% during the second quarter. Assetmark Inc. now owns 4,594 shares of the oil and gas exploration company’s stock valued at $152,000 after buying an additional 3,154 shares during the last quarter. 1.57% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine raised shares of ENI from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.50.
Shares of E opened at $30.62 on Thursday. The firm has a market capitalization of $56.17 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 5.59 and a beta of 0.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 1.02. Eni SpA has a 1-year low of $28.54 and a 1-year high of $36.34. The company’s fifty day moving average price is $30.79 and its 200-day moving average price is $30.88.
ENI (NYSE:E) last posted its earnings results on Friday, October 25th. The oil and gas exploration company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.03). The business had revenue of $18.86 billion for the quarter. ENI had a net margin of 3.40% and a return on equity of 7.30%. As a group, research analysts anticipate that Eni SpA will post 2.07 EPS 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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