Private Advisor Group LLC Grows Stake in Eni SpA $E

Private Advisor Group LLC boosted its stake in shares of Eni SpA (NYSE:E) by 198.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,499 shares of the oil and gas exploration company’s stock after acquiring an additional 18,276 shares during the quarter. Private Advisor Group LLC’s holdings in ENI were worth $1,557,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in E. DV Equities LLC bought a new stake in shares of ENI in the 4th quarter valued at approximately $35,000. Manchester Capital Management LLC increased its position in shares of ENI by 56.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock valued at $46,000 after purchasing an additional 437 shares during the last quarter. Advisory Services Network LLC purchased a new stake in ENI during the 3rd quarter valued at $47,000. Larson Financial Group LLC raised its holdings in ENI by 37.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after buying an additional 378 shares during the period. Finally, CIBC Private Wealth Group LLC bought a new stake in ENI in the third quarter worth $48,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on E shares. BNP Paribas Exane raised shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective for the company in a research note on Friday, April 17th. Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings upgraded shares of ENI from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Royal Bank Of Canada lifted their price target on shares of ENI from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 9th. Finally, Erste Group Bank lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, ENI has an average rating of “Moderate Buy” and a consensus target price of $42.30.

ENI Trading Down 0.4%

ENI stock traded down $0.20 during mid-day trading on Friday, hitting $47.70. The company’s stock had a trading volume of 203,796 shares, compared to its average volume of 499,909. The company has a 50 day moving average of $51.79 and a 200-day moving average of $48.28. The stock has a market cap of $80.52 billion, a PE ratio of 27.42, a P/E/G ratio of 0.26 and a beta of 0.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16. Eni SpA has a one year low of $32.76 and a one year high of $58.00.

ENI (NYSE:E) last released its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share for the quarter. The business had revenue of $23.22 billion during the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%. On average, research analysts anticipate that Eni SpA will post 5.09 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.