Eni S.p.A. (NYSE:E) Shares Purchased by Raymond James & Associates

Raymond James & Associates grew its stake in shares of Eni S.p.A. (NYSE:E) by 0.7% during the third quarter, Holdings Channel reports. The firm owned 503,920 shares of the oil and gas exploration company’s stock after purchasing an additional 3,738 shares during the period. Raymond James & Associates’ holdings in ENI were worth $15,274,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of E. Manning & Napier Advisors LLC purchased a new position in ENI during the 2nd quarter worth approximately $3,764,000. Lighthouse Investment Partners LLC acquired a new stake in shares of ENI in the second quarter valued at approximately $3,079,000. Allspring Global Investments Holdings LLC grew its position in shares of ENI by 138.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,542 shares of the oil and gas exploration company’s stock worth $171,000 after acquiring an additional 3,218 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of ENI by 12.9% in the 1st quarter. Atomi Financial Group Inc. now owns 7,195 shares of the oil and gas exploration company’s stock valued at $228,000 after acquiring an additional 820 shares during the period. Finally, Norden Group LLC purchased a new stake in ENI in the 1st quarter valued at $437,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Price Performance

Shares of E opened at $31.00 on Friday. The firm has a market capitalization of $52.33 billion, a PE ratio of 13.36, a P/E/G ratio of 1.37 and a beta of 0.96. The stock’s 50 day moving average is $31.39 and its two-hundred day moving average is $31.38. Eni S.p.A. has a twelve month low of $28.82 and a twelve month 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.

ENI (NYSE:E) last announced its quarterly earnings data on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share 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 analyst estimates of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. Research analysts anticipate that Eni S.p.A. will post 3.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on E shares. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Morgan Stanley raised ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective for the company in a research report on Thursday, August 29th. StockNews.com lowered ENI from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Finally, Royal Bank of Canada raised ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.