American Century Companies Inc. Purchases 22,695 Shares of Eni S.p.A. (NYSE:E)

American Century Companies Inc. increased its stake in shares of Eni S.p.A. (NYSE:E) by 7.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 333,308 shares of the oil and gas exploration company’s stock after acquiring an additional 22,695 shares during the period. American Century Companies Inc.’s holdings in ENI were worth $10,263,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in ENI during the first quarter worth about $74,000. GAMMA Investing LLC raised its stake in ENI by 19.8% in the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock valued at $75,000 after buying an additional 404 shares during the period. Barometer Capital Management Inc. bought a new stake in ENI in the fourth quarter valued at approximately $119,000. Toronto Dominion Bank bought a new stake in ENI in the first quarter valued at approximately $172,000. Finally, Arkadios Wealth Advisors bought a new stake in ENI in the first quarter valued at approximately $218,000. Institutional investors own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Stifel Nicolaus lowered ENI from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Morgan Stanley upgraded ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective on the stock in a research note on Thursday, August 29th. StockNews.com lowered ENI from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Finally, Redburn Atlantic upgraded ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, ENI currently has a consensus rating of “Hold” and an average price target of $39.60.

ENI Price Performance

Shares of ENI stock opened at $32.05 on Monday. The company has a 50-day simple moving average of $31.46 and a two-hundred day simple moving average of $31.54. Eni S.p.A. has a twelve month low of $28.82 and a twelve month high of $34.30. The stock 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 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 released its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.14). The company had revenue of $24.82 billion for the quarter, compared to analyst estimates of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. Analysts forecast that Eni S.p.A. will post 4.18 EPS for the current year.

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.