ABC Arbitrage SA Makes New $803,000 Investment in Eni S.p.A. (NYSE:E)

ABC Arbitrage SA acquired a new position in Eni S.p.A. (NYSE:E - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 29,360 shares of the oil and gas exploration company's stock, valued at approximately $803,000.

A number of other institutional investors have also added to or reduced their stakes in E. Creative Planning boosted its stake in ENI by 21.5% in the third quarter. Creative Planning now owns 56,929 shares of the oil and gas exploration company's stock worth $1,726,000 after buying an additional 10,084 shares in the last quarter. Bleakley Financial Group LLC increased its stake in shares of ENI by 6.1% in the third quarter. Bleakley Financial Group LLC now owns 18,266 shares of the oil and gas exploration company's stock worth $554,000 after buying an additional 1,047 shares during the period. Aaron Wealth Advisors LLC bought a new stake in ENI in the 3rd quarter worth $239,000. Inspire Advisors LLC increased its stake in shares of ENI by 4.3% during the third quarter. Inspire Advisors LLC now owns 17,783 shares of the oil and gas exploration company's stock valued at $539,000 after buying an additional 732 shares during the period. Finally, Blue Trust Inc. raised its holdings in ENI by 48.4% in the 3rd quarter. Blue Trust Inc. now owns 19,070 shares of the oil and gas exploration company's stock worth $587,000 after purchasing an additional 6,216 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

E has been the topic of several research reports. Morgan Stanley reaffirmed an "equal weight" rating and set a $31.60 price objective (down from $37.50) on shares of ENI in a research report on Tuesday, January 7th. UBS Group cut shares of ENI from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 8th. Finally, StockNews.com upgraded shares of ENI from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, ENI presently has an average rating of "Hold" and an average target price of $31.60.

ENI Price Performance

Shares of NYSE E traded down $0.25 during mid-day trading on Wednesday, reaching $29.19. The company's stock had a trading volume of 199,794 shares, compared to its average volume of 272,653. The stock has a fifty day moving average of $28.01 and a two-hundred day moving average of $29.71. The firm has a market capitalization of $49.27 billion, a PE ratio of 17.48, a P/E/G ratio of 1.91 and a beta of 0.92. Eni S.p.A. has a 52 week low of $26.12 and a 52 week high of $33.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.