Eni SpA $E Stake Lifted by NewEdge Advisors LLC

NewEdge Advisors LLC increased its stake in Eni SpA (NYSE:E – Free Report) by 23,909.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,485 shares of the oil and gas exploration company’s stock after acquiring an additional 12,433 shares during the period. NewEdge Advisors LLC’s holdings in ENI were worth $585,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of E. Natixis Advisors LLC raised its stake in ENI by 5.3% during the fourth quarter. Natixis Advisors LLC now owns 3,279,164 shares of the oil and gas exploration company’s stock worth $124,411,000 after purchasing an additional 165,454 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of ENI in the 1st quarter worth $63,334,000. Quantinno Capital Management LP raised its position in shares of ENI by 13.2% in the 1st quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company’s stock worth $25,698,000 after buying an additional 52,901 shares during the period. Capital Wealth Planning LLC boosted its holdings in ENI by 109.7% in the fourth quarter. Capital Wealth Planning LLC now owns 306,408 shares of the oil and gas exploration company’s stock valued at $11,962,000 after acquiring an additional 160,324 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in ENI by 35.3% in the first quarter. QRG Capital Management Inc. now owns 133,035 shares of the oil and gas exploration company’s stock valued at $7,531,000 after acquiring an additional 34,738 shares during the last quarter. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the company. Zacks Research upgraded ENI from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 9th. Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings downgraded shares of ENI from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Finally, Erste Group Bank lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, ENI presently has an average rating of “Moderate Buy” and an average target price of $46.15.

Shares of ENI stock opened at $55.03 on Friday. Eni SpA has a twelve month low of $34.03 and a twelve month high of $58.00. The stock has a market cap of $92.88 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 0.22 and a beta of 0.38. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average price of $54.21 and a 200 day moving average price of $53.16.

Eni SpA last released its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.66 by $0.10. Eni SpA had a return on equity of 11.27% and a net margin of 6.51%.The company had revenue of $25.87 billion for the quarter, compared to analyst estimates of $27.93 billion. Equities research analysts forecast that Eni SpA will post 6.19 ...