Mediolanum International Funds Ltd Purchases New Holdings in Eni S.p.A. (NYSE:E)

Mediolanum International Funds Ltd purchased a new stake in Eni S.p.A. (NYSE:E) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 52,428 shares of the oil and gas exploration company’s stock, valued at approximately $1,589,000.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in ENI in the 1st quarter valued at approximately $74,000. Norden Group LLC acquired a new position in ENI in the 1st quarter valued at approximately $437,000. Legacy Wealth Asset Management LLC increased its stake in 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 during the period. Diversify Advisory Services LLC acquired a new position in ENI in the 1st quarter valued at approximately $509,000. Finally, Sequoia Financial Advisors LLC increased its stake in ENI by 5.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 11,933 shares of the oil and gas exploration company’s stock valued at $379,000 after buying an additional 573 shares during the period. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Stock Performance

Shares of E opened at $31.00 on Monday. The company has a market capitalization of $52.33 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96. Eni S.p.A. has a one year low of $28.82 and a one year high of $34.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.09. The company’s fifty day moving average price is $31.39 and its 200 day moving average price is $31.35.

ENI (NYSE:E) last announced its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.14). The firm had revenue of $24.82 billion during 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%. As a group, analysts expect that Eni S.p.A. will post 3.85 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a research note 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. Jefferies Financial Group restated a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Morgan Stanley upgraded shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a report on Thursday, August 29th. 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. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $39.60.

About ENI

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.