Mercer Global Advisors Inc. ADV Has $1.04 Million Position in Eni S.p.A. (NYSE:E)

Mercer Global Advisors Inc. ADV lessened its holdings in Eni S.p.A. (NYSE:E) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,848 shares of the oil and gas exploration company’s stock after selling 947 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in ENI were worth $1,042,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Manning & Napier Advisors LLC bought a new stake in shares of ENI in the 2nd quarter valued at about $3,764,000. Dorsey Wright & Associates acquired a new stake in ENI during the 4th quarter valued at approximately $2,143,000. Allspring Global Investments Holdings LLC lifted its position in shares of ENI by 138.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,542 shares of the oil and gas exploration company’s stock worth $171,000 after purchasing an additional 3,218 shares during the period. Atomi Financial Group Inc. boosted its stake in shares of ENI by 12.9% in the 1st quarter. Atomi Financial Group Inc. now owns 7,195 shares of the oil and gas exploration company’s stock valued at $228,000 after purchasing an additional 820 shares during the last quarter. Finally, Norden Group LLC acquired a new stake in shares of ENI during the first quarter worth $437,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Trading Down 2.1 %

NYSE E opened at $30.93 on Thursday. Eni S.p.A. has a 52 week low of $28.82 and a 52 week high of $34.30. The business has a 50 day moving average price of $31.49 and a 200-day moving average price of $31.53. The company has a quick ratio of 1.09, a current ratio of 1.28 and a debt-to-equity ratio of 0.42. The company has a market cap of $52.21 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 1.34 and a beta of 0.96.

ENI (NYSE:E) last released its quarterly earnings data on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.14). The business 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%. As a group, equities analysts expect that Eni S.p.A. will post 4.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. 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 ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 target price for the company in a report on Thursday, August 29th. Royal Bank of Canada raised ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 29th. Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a research note on Monday. Finally, Stifel Nicolaus lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.