Eagle Asset Management Inc. Acquires 1,893 Shares of Eni S.p.A. (NYSE:E)

Eagle Asset Management Inc. raised its stake in shares of Eni S.p.A. (NYSE:E) by 11.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,029 shares of the oil and gas exploration company’s stock after purchasing an additional 1,893 shares during the period. Eagle Asset Management Inc.’s holdings in ENI were worth $569,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of E. Caprock Group LLC boosted its stake in shares of ENI by 3.9% in the 3rd quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company’s stock valued at $279,000 after purchasing an additional 336 shares during the last quarter. GAMMA Investing LLC boosted its position in ENI by 19.8% during the second 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 last quarter. Gallacher Capital Management LLC grew its holdings in ENI by 3.3% during the 2nd quarter. Gallacher Capital Management LLC now owns 15,726 shares of the oil and gas exploration company’s stock worth $484,000 after acquiring an additional 504 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of ENI by 5.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,853 shares of the oil and gas exploration company’s stock worth $329,000 after acquiring an additional 608 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in shares of ENI by 5.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 12,753 shares of the oil and gas exploration company’s stock valued at $393,000 after purchasing an additional 626 shares during the period. 1.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

E has been the subject of several recent analyst reports. Morgan Stanley raised ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 target price for the company in a research note on Thursday, August 29th. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Sanford C. Bernstein cut shares of ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.60.

ENI Stock Performance

NYSE E opened at $28.65 on Tuesday. The company has a market cap of $48.36 billion, a P/E ratio of 17.16, a PEG ratio of 1.27 and a beta of 0.95. The company has a fifty day simple moving average of $30.57 and a 200 day simple moving average of $30.96. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. Eni S.p.A. has a 12-month low of $28.65 and a 12-month high of $34.30.

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.