Arrowstreet Capital Limited Partnership Acquires Shares of 1,118,771 Eni SpA $E

Arrowstreet Capital Limited Partnership acquired a new stake in Eni SpA (NYSE:E) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 1,118,771 shares of the oil and gas exploration company’s stock, valued at approximately $63,334,000.

Other hedge funds have also modified their holdings of the company. Natixis Advisors LLC lifted its position in shares of ENI by 5.3% during the 4th 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 during the period. Capital Wealth Planning LLC raised its stake in ENI by 109.7% during the fourth quarter. Capital Wealth Planning LLC now owns 306,408 shares of the oil and gas exploration company’s stock worth $11,962,000 after acquiring an additional 160,324 shares in the last quarter. Arosa Capital Management LP acquired a new position in ENI during the fourth quarter worth $4,173,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of ENI by 16,704.0% during the fourth 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 bought a new position in shares of ENI during the fourth quarter valued at $2,975,000. 1.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on E. Rothschild & Co Redburn raised shares of ENI from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th. Zacks Research downgraded shares of ENI from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Weiss Ratings cut shares of ENI from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 17th. Royal Bank Of Canada raised their price objective on shares of ENI from $24.00 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, April 9th. Finally, Erste Group Bank cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, ENI presently has an average rating of “Moderate Buy” and a consensus target price of $42.30.

ENI Trading Up 0.2%

E stock opened at $52.52 on Monday. 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 twelve month low of $33.74 and a twelve month high of $58.00. The company has a market cap of $88.65 billion, a P/E ratio of 30.18, a PEG ratio of 0.28 and a beta of 0.40. The business has a fifty day moving average of $50.79 and a 200-day moving average of $49.20.

ENI (NYSE:E) last issued its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 EPS for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. The company had revenue of $23.22 billion during the quarter. As a group, equities research analysts expect that Eni SpA will post 5.06 EPS for the current 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.