11,256 Shares in Eni S.p.A. (NYSE:E) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in Eni S.p.A. (NYSE:E) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,256 shares of the oil and gas exploration company’s stock, valued at approximately $369,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new position in ENI during the 2nd quarter valued at $3,764,000. Lighthouse Investment Partners LLC bought a new position in ENI during the 2nd quarter valued at $3,079,000. Allspring Global Investments Holdings LLC boosted its stake in ENI by 138.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,542 shares of the oil and gas exploration company’s stock valued at $171,000 after purchasing an additional 3,218 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in ENI by 12.9% during 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 in the last quarter. Finally, Norden Group LLC bought a new position in ENI during the 1st quarter valued at $437,000. 1.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on E. Redburn Atlantic raised ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th. 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 ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. BNP Paribas raised ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, ENI currently has an average rating of “Hold” and an average target price of $39.60.

ENI Price Performance

Shares of NYSE:E opened at $30.68 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.09 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 business has a fifty day simple moving average of $31.49 and a 200 day simple moving average of $31.47. The firm has a market cap of $51.79 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 1.37 and a beta of 0.96.

ENI (NYSE:E) last posted its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS 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, sell-side analysts predict that Eni S.p.A. will post 3.95 earnings per share for the current fiscal year.

ENI Company 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.