Eni SpA $E Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its holdings in shares of Eni SpA (NYSE:E) by 78.0% in the 1st quarter, Holdings Channel reports. The firm owned 12,596 shares of the oil and gas exploration company’s stock after selling 44,729 shares during the quarter. Royal Bank of Canada’s holdings in ENI were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of E. AQR Capital Management LLC lifted its position in shares of ENI by 3.4% in the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock worth $472,000 after buying an additional 495 shares during the last quarter. Cetera Investment Advisers grew its position in shares of ENI by 8.4% during the 2nd quarter. Cetera Investment Advisers now owns 11,232 shares of the oil and gas exploration company’s stock valued at $364,000 after buying an additional 870 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of ENI by 60.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 45,348 shares of the oil and gas exploration company’s stock valued at $1,470,000 after buying an additional 17,133 shares during the last quarter. Russell Investments Group Ltd. raised its stake in ENI by 60.7% during the second quarter. Russell Investments Group Ltd. now owns 15,437 shares of the oil and gas exploration company’s stock worth $500,000 after acquiring an additional 5,831 shares during the period. Finally, M&T Bank Corp acquired a new stake in ENI during the second quarter worth about $208,000. 1.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Dbs Bank upgraded ENI from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 28th. Zacks Research upgraded ENI from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Erste Group Bank downgraded ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Weiss Ratings lowered ENI from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Finally, Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, ENI currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.

ENI Stock Up 0.1%

Shares of ENI stock opened at $56.55 on Monday. The business’s fifty day moving average price is $51.01 and its two-hundred day moving average price is $51.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05. The company has a market capitalization of $95.45 billion, a P/E ratio of 14.46, a PEG ratio of 0.25 and a beta of 0.39. Eni SpA has a 1-year low of $34.03 and a 1-year high of $58.00.

ENI (NYSE:E) last released its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.10. The company had revenue of $25.87 billion during the quarter, compared to analysts’ expectations of $27.93 billion. ENI had a return on equity of 11.27% and a net margin of 6.51%. As a group, research analysts forecast that Eni SpA will post 5.76 EPS for the current year.

ENI Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low?carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.