Sequoia Financial Advisors LLC Buys 652 Shares of Eni S.p.A. (NYSE:E)

Sequoia Financial Advisors LLC increased its position in shares of Eni S.p.A. (NYSE:E) by 5.5% during the 3rd quarter, Holdings Channel reports. The fund owned 12,446 shares of the oil and gas exploration company’s stock after buying an additional 652 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ENI were worth $377,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates raised its holdings in ENI by 0.7% during the 3rd quarter. Raymond James & Associates now owns 503,920 shares of the oil and gas exploration company’s stock worth $15,274,000 after buying an additional 3,738 shares during the period. American Century Companies Inc. increased its position in shares of ENI by 7.3% during the second quarter. American Century Companies Inc. now owns 333,308 shares of the oil and gas exploration company’s stock worth $10,263,000 after acquiring an additional 22,695 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of ENI during the second quarter worth $6,875,000. Cambiar Investors LLC lifted its position in ENI by 3.2% in the 2nd quarter. Cambiar Investors LLC now owns 197,960 shares of the oil and gas exploration company’s stock valued at $6,095,000 after acquiring an additional 6,121 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in ENI by 8.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 196,196 shares of the oil and gas exploration company’s stock worth $6,041,000 after purchasing an additional 15,039 shares during the period. Institutional investors and hedge funds own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank of Canada upgraded ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Finally, Morgan Stanley upgraded shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 target price for the company in a report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ENI presently has an average rating of “Hold” and a consensus price target of $39.60.

ENI Stock Up 0.3 %

Shares of E stock opened at $31.00 on Monday. Eni S.p.A. has a 52-week low of $28.82 and a 52-week high of $34.30. The stock has a market cap of $52.33 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.43 and a beta of 0.96. The firm’s 50-day moving average is $31.39 and its 200-day moving average is $31.35. 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 (NYSE:E) last released its quarterly earnings data 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). ENI had a net margin of 4.21% and a return on equity of 11.84%. The business had revenue of $24.82 billion during the quarter, compared to the consensus estimate of $25.74 billion. Sell-side analysts predict that Eni S.p.A. will post 3.85 EPS for the current year.

ENI Company 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.