Cubist Systematic Strategies LLC Grows Stake in Eni S.p.A. (NYSE:E)

Cubist Systematic Strategies LLC grew its position in Eni S.p.A. (NYSE:E - Free Report) by 269.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,755 shares of the oil and gas exploration company's stock after purchasing an additional 86,620 shares during the quarter. Cubist Systematic Strategies LLC's holdings in ENI were worth $3,656,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new stake in ENI during the 1st quarter worth approximately $74,000. GAMMA Investing LLC increased its position in shares of ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company's stock valued at $75,000 after acquiring an additional 404 shares during the period. Barometer Capital Management Inc. acquired a new position in shares of ENI in the 4th quarter valued at $119,000. Toronto Dominion Bank purchased a new position in ENI in the 1st quarter worth $172,000. Finally, Arkadios Wealth Advisors purchased a new stake in ENI during the 1st quarter valued at about $218,000. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Price Performance

E stock traded up $0.42 during trading on Friday, hitting $30.61. The stock had a trading volume of 142,334 shares, compared to its average volume of 295,863. The company's 50-day moving average price is $31.48 and its two-hundred day moving average price is $31.50. Eni S.p.A. has a twelve month low of $28.82 and a twelve month high of $34.30. The stock has a market capitalization of $51.67 billion, a P/E ratio of 13.19, a PEG ratio of 1.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.09.

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

Analyst Ratings Changes

Several brokerages have commented on E. Morgan Stanley upgraded shares of ENI from an "equal weight" rating to an "overweight" rating and set a $39.60 price objective for the company in a research note on Thursday, August 29th. Redburn Atlantic raised shares of ENI from a "neutral" rating to a "buy" rating in a report on Tuesday, June 25th. Royal Bank of Canada raised ENI from a "sector perform" rating to an "outperform" rating in a research report on Monday, July 29th. StockNews.com cut ENI from a "buy" rating to a "hold" rating in a report on Friday, September 13th. Finally, BNP Paribas raised ENI from an "underperform" rating to a "neutral" rating in a report on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" 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.