Marshall Wace LLP Purchases Shares of 223,288 Eni S.p.A. (NYSE:E)

Marshall Wace LLP acquired a new position in shares of Eni S.p.A. (NYSE:E - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 223,288 shares of the oil and gas exploration company's stock, valued at approximately $6,875,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of ENI during the first quarter worth $74,000. GAMMA Investing LLC raised its position in ENI by 19.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company's stock worth $75,000 after purchasing an additional 404 shares during the last quarter. Barometer Capital Management Inc. acquired a new position in ENI during the 4th quarter worth about $119,000. Toronto Dominion Bank bought a new stake in shares of ENI in the 1st quarter valued at about $172,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of ENI in the first quarter valued at about $218,000. Institutional investors and hedge funds own 1.18% of the company's stock.

ENI Stock Up 1.4 %

Shares of E stock traded up $0.41 during trading hours on Tuesday, reaching $30.72. The company had a trading volume of 251,441 shares, compared to its average volume of 295,408. The business has a fifty day simple moving average of $31.48 and a 200-day simple moving average of $31.49. Eni S.p.A. has a 12 month low of $28.82 and a 12 month high of $34.30. The company has a market cap of $51.85 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth 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 released its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.14). The firm had revenue of $24.82 billion for the quarter, compared to analysts' expectations of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. On average, research analysts expect that Eni S.p.A. will post 4.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on E shares. BNP Paribas raised shares of ENI from an "underperform" rating to a "neutral" rating in a research note on Friday, September 13th. Morgan Stanley upgraded 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 lowered ENI from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. Redburn Atlantic upgraded ENI from a "neutral" rating to a "buy" rating in a research report on Tuesday, June 25th. Finally, Stifel Nicolaus downgraded ENI from a "buy" rating to a "hold" rating in a report on Friday, July 19th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $39.60.

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.