QRG Capital Management Inc. Boosts Position in Eni S.p.A. (NYSE:E)

QRG Capital Management Inc. increased its position in shares of Eni S.p.A. (NYSE:E - Free Report) by 19.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,924 shares of the oil and gas exploration company's stock after acquiring an additional 9,011 shares during the period. QRG Capital Management Inc.'s holdings in ENI were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Caprock Group LLC boosted its position in ENI by 3.9% during the 3rd quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company's stock worth $279,000 after buying an additional 336 shares during the period. MML Investors Services LLC grew its stake in shares of ENI by 7.6% in the third quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company's stock worth $247,000 after purchasing an additional 576 shares during the last quarter. Allworth Financial LP increased its holdings in ENI by 30.5% in the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company's stock valued at $70,000 after purchasing an additional 581 shares during the period. Oppenheimer Asset Management Inc. raised its position in ENI by 5.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,853 shares of the oil and gas exploration company's stock worth $329,000 after purchasing an additional 608 shares during the last quarter. Finally, Flynn Zito Capital Management LLC lifted its holdings in ENI by 19.1% during the 4th quarter. Flynn Zito Capital Management LLC now owns 8,992 shares of the oil and gas exploration company's stock worth $246,000 after buying an additional 1,439 shares during the period. 1.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on E. StockNews.com downgraded ENI from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. UBS Group downgraded shares of ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, January 8th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $31.60 price target (down from $37.50) on shares of ENI in a report on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, ENI currently has a consensus rating of "Hold" and an average target price of $31.60.

ENI Trading Down 1.3 %

Shares of E traded down $0.38 during trading hours on Monday, reaching $28.59. 440,811 shares of the company traded hands, compared to its average volume of 274,378. Eni S.p.A. has a 12 month low of $26.12 and a 12 month high of $33.78. The company's fifty day moving average price is $28.36 and its two-hundred day moving average price is $29.61. 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 company has a market capitalization of $48.26 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.86 and a beta of 0.92.

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.