52,188 Shares in Eni SpA $E Acquired by Advisors Preferred LLC

Advisors Preferred LLC acquired a new position in shares of Eni SpA (NYSE:E) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 52,188 shares of the oil and gas exploration company’s stock, valued at approximately $1,830,000.

A number of other hedge funds have also recently bought and sold shares of E. Royal Bank of Canada raised its position in shares of ENI by 2.1% during the first quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock worth $2,141,000 after acquiring an additional 1,420 shares during the last quarter. AQR Capital Management LLC increased its position in ENI by 3.4% in the first quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock worth $472,000 after purchasing an additional 495 shares during the period. Bleakley Financial Group LLC increased its position in ENI by 16.2% in the second quarter. Bleakley Financial Group LLC now owns 23,292 shares of the oil and gas exploration company’s stock worth $755,000 after purchasing an additional 3,241 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in ENI by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,284 shares of the oil and gas exploration company’s stock worth $366,000 after purchasing an additional 326 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in ENI by 100.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company’s stock valued at $49,000 after purchasing an additional 750 shares during the period. 1.18% of the stock is currently owned by institutional investors.

ENI Stock Up 0.7%

Shares of ENI stock opened at $44.14 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. The business has a 50-day moving average of $39.71 and a two-hundred day moving average of $37.26. Eni SpA has a 1 year low of $24.65 and a 1 year high of $44.20.

Analysts Set New Price Targets

Several equities research analysts have recently commented on E shares. HSBC cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Barclays reaffirmed an “overweight” rating on shares of ENI in a research note on Friday, December 12th. Citigroup reiterated a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. UBS Group raised ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. Finally, JPMorgan Chase & Co. lowered ENI from an “overweight” rating to an “underweight” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.