Eni S.p.A. (NYSE:E) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC grew its position in Eni S.p.A. (NYSE:E - Free Report) by 125.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,947 shares of the oil and gas exploration company's stock after acquiring an additional 26,646 shares during the quarter. HighTower Advisors LLC's holdings in ENI were worth $1,460,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of E. GAMMA Investing LLC increased its holdings in shares of ENI by 25.9% in the third quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company's stock valued at $93,000 after purchasing an additional 633 shares during the period. Allspring Global Investments Holdings LLC grew its position in ENI by 138.5% in 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 buying an additional 3,218 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in ENI in the 3rd quarter valued at $212,000. Townsquare Capital LLC purchased a new position in ENI during the 3rd quarter worth $231,000. Finally, Aaron Wealth Advisors LLC acquired a new stake in shares of ENI in the 3rd quarter worth $239,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

ENI Trading Down 2.2 %

Shares of E traded down $0.60 on Monday, hitting $27.24. 442,764 shares of the stock traded hands, compared to its average volume of 291,981. Eni S.p.A. has a 1 year low of $27.21 and a 1 year high of $34.30. The stock's 50 day moving average is $29.68 and its two-hundred day moving average is $30.60. The firm has a market capitalization of $45.98 billion, a P/E ratio of 16.67, a P/E/G ratio of 1.68 and a beta of 0.93. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

Wall Street Analyst Weigh In

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

ENI Company 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.