Private Advisor Group LLC Boosts Stake in Eni SpA $E

Private Advisor Group LLC boosted its stake in shares of Eni SpA (NYSE:E) by 198.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,499 shares of the oil and gas exploration company’s stock after purchasing an additional 18,276 shares during the period. Private Advisor Group LLC’s holdings in ENI were worth $1,557,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Natixis Advisors LLC increased its position in ENI by 5.3% in 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 buying an additional 165,454 shares in the last quarter. Capital Wealth Planning LLC lifted its position in shares of ENI by 109.7% during the 4th 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 buying an additional 160,324 shares in the last quarter. Arosa Capital Management LP purchased a new position in shares of ENI during the 4th quarter valued at about $4,173,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of ENI by 16,704.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,422 shares of the oil and gas exploration company’s stock valued at $3,506,000 after acquiring an additional 91,872 shares during the period. Finally, LFG Wealth Partners LLC purchased a new stake in ENI in the 4th quarter worth approximately $2,975,000. Institutional investors own 1.18% of the company’s stock.

ENI Price Performance

E stock traded down $0.20 during midday trading on Friday, hitting $47.70. The company’s stock had a trading volume of 203,796 shares, compared to its average volume of 499,909. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 0.40. Eni SpA has a 12 month low of $32.76 and a 12 month high of $58.00. The company has a 50 day moving average of $51.79 and a two-hundred day moving average of $48.28. The firm has a market capitalization of $80.52 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 0.26 and a beta of 0.40.

ENI (NYSE:E) last released its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.79 EPS for the quarter. The business had revenue of $23.22 billion during the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. On average, analysts expect that Eni SpA will post 5.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wall Street Zen cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Erste Group Bank cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. BNP Paribas Exane upgraded shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective on the stock in a research report on Friday, April 17th. Dbs Bank upgraded shares of ENI from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 28th. Finally, Zacks Research downgraded shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.30.

ENI Company 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.