Lighthouse Investment Partners LLC Invests $3.08 Million in Eni S.p.A. (NYSE:E)

Lighthouse Investment Partners LLC purchased a new stake in Eni S.p.A. (NYSE:E - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 100,000 shares of the oil and gas exploration company's stock, valued at approximately $3,079,000.

A number of other institutional investors also recently made changes to their positions in E. Allspring Global Investments Holdings LLC bought a new stake in ENI in the 1st quarter valued at about $74,000. GAMMA Investing LLC boosted its stake in shares of ENI by 19.8% in the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company's stock valued at $75,000 after buying an additional 404 shares during the period. Barometer Capital Management Inc. acquired a new stake in ENI during the fourth quarter worth approximately $119,000. Toronto Dominion Bank bought a new position in ENI during the 1st quarter worth $172,000. Finally, Arkadios Wealth Advisors acquired a new position in ENI in the 1st quarter valued at $218,000. Institutional investors own 1.18% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on E. StockNews.com downgraded shares of ENI from a "buy" rating to a "hold" rating in a report on Friday, September 13th. Redburn Atlantic raised ENI from a "neutral" rating to a "buy" rating in a report on Tuesday, June 25th. Stifel Nicolaus cut ENI from a "buy" rating to a "hold" rating in a report on Friday, July 19th. Sanford C. Bernstein lowered ENI from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Finally, Royal Bank of Canada upgraded ENI from a "sector perform" rating to an "outperform" rating in a research report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $39.60.

ENI Trading Up 1.4 %

NYSE:E traded up $0.42 on Friday, reaching $30.61. 142,334 shares of the stock traded hands, compared to its average volume of 295,863. The firm has a market capitalization of $51.67 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 1.34 and a beta of 0.96. Eni S.p.A. has a 1-year low of $28.82 and a 1-year high of $34.30. The company has a current ratio of 1.28, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42. The company's 50 day moving average is $31.48 and its 200-day moving average is $31.51.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.12 by ($0.14). ENI had a net margin of 4.21% and a return on equity of 11.84%. The firm had revenue of $24.82 billion for the quarter, compared to the consensus estimate of $25.74 billion. Equities research analysts anticipate that Eni S.p.A. will post 4.18 EPS for the current fiscal year.

About ENI

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.