JPMorgan Chase & Co. Acquires 22,768 Shares of Eni S.p.A. (NYSE:E)

JPMorgan Chase & Co. grew its position in Eni S.p.A. (NYSE:E - Free Report) by 277.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 30,974 shares of the oil and gas exploration company's stock after buying an additional 22,768 shares during the period. JPMorgan Chase & Co.'s holdings in ENI were worth $939,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC raised its position in shares of ENI by 9.8% in the 3rd quarter. Tidal Investments LLC now owns 40,744 shares of the oil and gas exploration company's stock valued at $1,235,000 after acquiring an additional 3,641 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in ENI by 9.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 111,700 shares of the oil and gas exploration company's stock worth $3,386,000 after purchasing an additional 9,700 shares during the period. MML Investors Services LLC raised its holdings in 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 period. Stifel Financial Corp grew its holdings in shares of ENI by 248.5% in the 3rd quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company's stock valued at $1,106,000 after buying an additional 26,013 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of ENI by 31.4% in the 3rd quarter. Quantinno Capital Management LP now owns 77,788 shares of the oil and gas exploration company's stock valued at $2,358,000 after buying an additional 18,585 shares in the last quarter. 1.18% of the stock is owned by institutional investors.

ENI Price Performance

NYSE E traded down $0.28 during trading on Friday, hitting $28.10. 120,438 shares of the company's stock were exchanged, compared to its average volume of 269,248. The stock's 50 day moving average price is $27.96 and its two-hundred day moving average price is $30.00. Eni S.p.A. has a fifty-two week low of $26.12 and a fifty-two week high of $33.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The company has a market cap of $47.43 billion, a PE ratio of 16.83, a P/E/G ratio of 1.82 and a beta of 0.93.

ENI (NYSE:E - Get Free Report) last announced its quarterly earnings results on Friday, October 25th. The oil and gas exploration company reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.03). The firm had revenue of $23.10 billion for the quarter, compared to analyst estimates of $23.40 billion. ENI had a net margin of 2.76% and a return on equity of 11.03%. Research analysts expect that Eni S.p.A. will post 3.76 EPS for the current year.

Analyst Ratings Changes

E has been the subject of several research analyst reports. UBS Group cut shares of ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, January 8th. StockNews.com upgraded ENI from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Morgan Stanley restated an "equal weight" rating and issued a $31.60 price target (down from $37.50) on shares of ENI in a report on Tuesday, January 7th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of ENI in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, ENI currently has a consensus rating of "Hold" and an average target price of $31.60.

ENI 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.