Charles Schwab Investment Management Inc. Has $2.16 Million Stake in Eni S.p.A. (NYSE:E)

Charles Schwab Investment Management Inc. boosted its holdings in Eni S.p.A. (NYSE:E - Free Report) by 100.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,207 shares of the oil and gas exploration company's stock after buying an additional 35,730 shares during the period. Charles Schwab Investment Management Inc.'s holdings in ENI were worth $2,158,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in E. GAMMA Investing LLC grew its stake in ENI by 25.9% during the third quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company's stock worth $93,000 after buying an additional 633 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of ENI by 138.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,542 shares of the oil and gas exploration company's stock valued at $171,000 after acquiring an additional 3,218 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in ENI during the 3rd quarter worth $212,000. Aaron Wealth Advisors LLC acquired a new stake in ENI in the 3rd quarter valued at $239,000. Finally, Atomi Financial Group Inc. raised its position in ENI by 13.3% in the second quarter. Atomi Financial Group Inc. now owns 8,151 shares of the oil and gas exploration company's stock valued at $251,000 after purchasing an additional 956 shares during the period. Hedge funds and other institutional investors own 1.18% of the company's stock.

ENI Trading Down 2.1 %

Shares of E stock traded down $0.58 during trading hours on Monday, reaching $27.26. 442,743 shares of the stock traded hands, compared to its average volume of 291,981. The business has a fifty day moving average price of $29.68 and a 200 day moving average price of $30.60. Eni S.p.A. has a 1-year low of $27.21 and a 1-year high of $34.30. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $46.01 billion, a PE ratio of 16.67, a PEG ratio of 1.68 and a beta of 0.93.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on E. Morgan Stanley raised ENI from an "equal weight" rating to an "overweight" rating and set a $39.60 target price on the stock in a research report on Thursday, August 29th. StockNews.com upgraded ENI from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of ENI in a research report on Tuesday, October 15th. BNP Paribas raised shares of ENI from an "underperform" rating to a "neutral" rating in a research report on Friday, September 13th. Finally, Sanford C. Bernstein cut shares of ENI from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, ENI currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.60.

ENI Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.