New York State Common Retirement Fund Purchases Shares of 57,683 Eni SpA $E

New York State Common Retirement Fund purchased a new position in Eni SpA (NYSE:E) during the 3rd quarter, HoldingsChannel reports. The fund purchased 57,683 shares of the oil and gas exploration company’s stock, valued at approximately $2,016,000.

Other large investors also recently added to or reduced their stakes in the company. RD Lewis Holdings Inc. purchased a new position in shares of ENI during the second quarter worth approximately $2,316,000. Trek Financial LLC bought a new position in shares of ENI during the 3rd quarter valued at $4,128,000. Sequoia Financial Advisors LLC raised its position in ENI by 131.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 29,558 shares of the oil and gas exploration company’s stock worth $958,000 after purchasing an additional 16,804 shares during the period. Fisher Asset Management LLC raised its position in ENI by 25.2% in the 2nd quarter. Fisher Asset Management LLC now owns 143,622 shares of the oil and gas exploration company’s stock worth $4,656,000 after purchasing an additional 28,926 shares during the period. Finally, Callan Family Office LLC lifted its stake in ENI by 58.5% in the second quarter. Callan Family Office LLC now owns 56,281 shares of the oil and gas exploration company’s stock worth $1,825,000 after purchasing an additional 20,769 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Stock Performance

Shares of E stock opened at $42.29 on Monday. The firm has a market capitalization of $71.39 billion, a price-to-earnings ratio of 23.11 and a beta of 0.61. The stock has a fifty day moving average of $38.54 and a 200 day moving average of $36.63. Eni SpA has a 52 week low of $24.65 and a 52 week high of $42.34. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 0.37.

Wall Street Analyst Weigh In

Several research analysts have recently commented on E shares. UBS Group upgraded ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. Barclays reaffirmed an “overweight” rating on shares of ENI in a research note on Friday, December 12th. Zacks Research downgraded ENI from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. Jefferies Financial Group restated a “buy” rating on shares of ENI in a report on Thursday, January 8th. Finally, Wall Street Zen lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, ENI currently has an average rating of “Hold” and an average target price of $34.60.

About ENI

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.