Oppenheimer Asset Management Inc. Increases Holdings in Eni S.p.A. (NYSE:E)

Oppenheimer Asset Management Inc. increased its position in shares of Eni S.p.A. (NYSE:E) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,245 shares of the oil and gas exploration company’s stock after purchasing an additional 645 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ENI were worth $315,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Optiver Holding B.V. raised its stake in shares of ENI by 365.8% during 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 during the last quarter. Manning & Napier Advisors LLC acquired a new position in ENI in the second quarter valued at approximately $3,764,000. Dorsey Wright & Associates purchased a new stake in ENI in the 4th quarter worth approximately $2,143,000. Hantz Financial Services Inc. acquired a new stake in shares of ENI during the 2nd quarter worth approximately $1,409,000. Finally, American Century Companies Inc. increased its holdings in shares of 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 purchasing an additional 22,695 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on E shares. Redburn Atlantic raised shares of ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, June 25th. Royal Bank of Canada raised shares of ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 29th. Morgan Stanley upgraded ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target for the company in a research note on Thursday, August 29th. BNP Paribas raised ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Finally, StockNews.com lowered ENI from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.60.

ENI Stock Down 0.0 %

E stock opened at $32.05 on Friday. The stock has a market capitalization of $54.10 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.26 and a beta of 0.96. Eni S.p.A. has a 52 week low of $28.82 and a 52 week high of $34.30. The firm has a 50-day simple moving average of $31.46 and a 200-day simple moving average of $31.54. 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 (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 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. Equities analysts forecast that Eni S.p.A. will post 4.18 earnings per share for the current fiscal year.

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.