10,876 Shares in Eni SpA $E Bought by Flatrock Wealth Partners LLC

Flatrock Wealth Partners LLC bought a new stake in shares of Eni SpA (NYSE:E) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,876 shares of the oil and gas exploration company’s stock, valued at approximately $622,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. DV Equities LLC acquired a new stake in ENI during the 4th quarter worth about $35,000. Manchester Capital Management LLC boosted its holdings 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 during the period. Advisory Services Network LLC acquired a new position in shares of ENI in the third quarter worth about $47,000. Larson Financial Group LLC increased its position in shares of ENI by 37.5% in the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock worth $48,000 after acquiring an additional 378 shares in the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of ENI during the third quarter valued at approximately $48,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. 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 report on Thursday, April 9th. Erste Group Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Zacks Research lowered ENI from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Rothschild & Co Redburn raised ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Finally, Weiss Ratings upgraded ENI from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.30.

Key Stories Impacting ENI

Here are the key news stories impacting ENI this week:

• Positive Sentiment: Eni is deepening its critical-minerals strategy with a $225 million investment in EnergyX’s Chile lithium project, which could secure access to future battery-material supply and support its energy-transition ambitions.
• Positive Sentiment: Construction has begun on Eni’s Brindisi gigafactory / LFP battery plant in Italy, signaling tangible execution in its downstream battery-storage expansion and giving investors another growth avenue beyond hydrocarbons.
• Positive Sentiment: Eni let a subsea contract for Baleine Phase 3 offshore Côte d’Ivoire, a sign that the company is advancing a major producing asset that could add future output and cash flow. Article: Eni lets subsea contract for Baleine Phase 3 development offshore Côte d’Ivoire
• Positive Sentiment: Reports also say Eni is moving ahead with another contract tied to Ivory Coast development and is shopping for a key subsea supplier on a new Nigeria FPSO project, reinforcing that near-term project activity remains active across its portfolio. Article: Eni sparks hunt for key subsea supplier on new Nigeria FPSO project
• Neutral Sentiment: Eni also unveiled a fusion-energy joint venture with UKAEA, which is strategically interesting but unlikely to affect near-term earnings. Article: Eni & UKAEA Partner to Unlock Fusion Energy Growth Through RH3OVA JV
• Neutral Sentiment: Market commentary about Eni’s lithium push and broader energy-transition investments is adding to the stock’s positive tone, but those projects remain longer-dated and execution-dependent.

ENI Trading Up 2.2%

NYSE E opened at $47.51 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. Eni SpA has a 1-year low of $32.71 and a 1-year high of $58.00. The firm’s fifty day simple moving average is $52.18 and its 200-day simple moving average is $48.12. The company has a market capitalization of $80.20 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 0.25 and a beta of 0.40.

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

ENI Profile

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.