Mediolanum International Funds Ltd Buys Shares of 52,428 Eni S.p.A. (NYSE:E)

Mediolanum International Funds Ltd purchased a new stake in Eni S.p.A. (NYSE:E - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 52,428 shares of the oil and gas exploration company's stock, valued at approximately $1,589,000.

Several other large investors have also recently bought and sold shares of E. Allspring Global Investments Holdings LLC bought a new position in ENI during the 1st quarter worth approximately $74,000. Norden Group LLC acquired a new position in shares of ENI in the 1st quarter valued at $437,000. Legacy Wealth Asset Management LLC increased its position in shares of ENI by 2.9% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 36,045 shares of the oil and gas exploration company's stock valued at $1,143,000 after buying an additional 1,025 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in ENI during the 1st quarter worth $509,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in ENI by 5.0% during the first quarter. Sequoia Financial Advisors LLC now owns 11,933 shares of the oil and gas exploration company's stock worth $379,000 after acquiring an additional 573 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of 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. StockNews.com downgraded ENI from a "buy" rating to a "hold" rating in a research report on Friday, September 13th. Stifel Nicolaus downgraded shares of ENI from a "buy" rating to a "hold" rating in a report on Friday, July 19th. Royal Bank of Canada raised shares of ENI from a "sector perform" rating to an "outperform" rating in a research report on Monday, July 29th. Finally, BNP Paribas raised shares of ENI from an "underperform" rating to a "neutral" rating in a research report on Friday, September 13th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, ENI presently has a consensus rating of "Hold" and a consensus target price of $39.60.

ENI Stock Performance

Shares of NYSE E traded down $0.47 during trading hours on Monday, reaching $30.53. 423,024 shares of the stock were exchanged, compared to its average volume of 293,334. The firm has a market capitalization of $51.53 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 1.43 and a beta of 0.96. The stock's fifty day simple moving average is $31.36 and its 200 day simple moving average is $31.33. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.28. Eni S.p.A. has a 52 week low of $28.82 and a 52 week high of $34.30.

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 EPS for the quarter, missing analysts' consensus estimates of $1.12 by ($0.14). The business had revenue of $24.82 billion for the quarter, compared to the consensus estimate of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. Sell-side analysts predict that Eni S.p.A. will post 3.85 EPS for the current year.

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.