Eni S.p.A. (NYSE:E) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its position in Eni S.p.A. (NYSE:E) by 8.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,196 shares of the oil and gas exploration company’s stock after acquiring an additional 15,039 shares during the period. Massachusetts Financial Services Co. MA’s holdings in ENI were worth $6,041,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates boosted its position in ENI by 1.0% during the 2nd quarter. Raymond James & Associates now owns 500,182 shares of the oil and gas exploration company’s stock worth $15,401,000 after acquiring an additional 4,882 shares during the period. Optiver Holding B.V. grew its position in ENI by 365.8% in the 4th quarter. Optiver Holding B.V. now owns 335,353 shares of the oil and gas exploration company’s stock valued at $11,405,000 after buying an additional 263,362 shares in the last quarter. American Century Companies Inc. increased its stake in ENI by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 333,308 shares of the oil and gas exploration company’s stock valued at $10,263,000 after buying an additional 22,695 shares during the period. Cambiar Investors LLC raised its position in shares of ENI by 3.2% during the 2nd quarter. Cambiar Investors LLC now owns 197,960 shares of the oil and gas exploration company’s stock worth $6,095,000 after buying an additional 6,121 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of ENI in the 2nd quarter worth approximately $3,764,000. 1.18% of the stock is currently owned by institutional investors.

ENI Trading Down 0.0 %

NYSE:E opened at $32.05 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.28 and a debt-to-equity ratio of 0.42. Eni S.p.A. has a 1-year low of $28.82 and a 1-year high of $34.30. The firm has a market capitalization of $54.10 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96. The stock has a fifty day simple moving average of $31.46 and a 200 day simple moving average of $31.54.

ENI (NYSE:E) last released its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). ENI had a net margin of 4.21% and a return on equity of 11.84%. The firm had revenue of $24.82 billion for the quarter, compared to analyst estimates of $25.74 billion. Sell-side analysts forecast that Eni S.p.A. will post 4.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Stifel Nicolaus lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. BNP Paribas raised ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. StockNews.com cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Morgan Stanley upgraded shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective for the company in a research report on Thursday, August 29th. Finally, Redburn Atlantic upgraded shares of ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, June 25th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.60.

ENI 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.