21,455 Shares in Eni SpA $E Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC purchased a new stake in Eni SpA (NYSE:E) during the first quarter, according to its most recent filing with the SEC. The fund purchased 21,455 shares of the oil and gas exploration company’s stock, valued at approximately $1,217,000.

Several other hedge funds have also bought and sold shares of E. DV Equities LLC bought a new position in shares of ENI during the 4th quarter valued at about $35,000. Manchester Capital Management LLC lifted its position in shares of ENI by 56.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after buying an additional 437 shares in the last quarter. Advisory Services Network LLC bought a new position in ENI during the third quarter valued at approximately $47,000. CIBC Private Wealth Group LLC bought a new position in ENI during the third quarter valued at approximately $48,000. Finally, Global Retirement Partners LLC grew its holdings in ENI by 320.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,375 shares of the oil and gas exploration company’s stock valued at $52,000 after buying an additional 1,048 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on E shares. Zacks Research cut ENI from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Erste Group Bank cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Royal Bank Of Canada upped their price target on shares of ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings upgraded shares of ENI from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.30.

ENI Trading Down 0.9%

Shares of E stock opened at $46.44 on Tuesday. The company has a market cap of $78.39 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 0.25 and a beta of 0.40. Eni SpA has a 1 year low of $32.33 and a 1 year high of $58.00. The stock’s 50 day simple moving average is $52.48 and its two-hundred day simple moving average is $47.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 1.02.

ENI (NYSE:E) last announced its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 EPS for the quarter. The firm had revenue of $23.22 billion during the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%. Research analysts predict that Eni SpA will post 5.63 earnings per share for the current year.

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.