Eni S.p.A. (NYSE:E) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in shares of Eni S.p.A. (NYSE:E) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,446 shares of the oil and gas exploration company’s stock after buying an additional 652 shares during the period. Sequoia Financial Advisors LLC’s holdings in ENI were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of E. Allspring Global Investments Holdings LLC bought a new stake in ENI in the first quarter valued at $74,000. GAMMA Investing LLC increased its holdings in shares of ENI by 19.8% during 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 purchasing an additional 404 shares during the period. Toronto Dominion Bank bought a new stake in shares of ENI during the first quarter valued at about $172,000. Pitcairn Co. bought a new stake in shares of ENI during the first quarter valued at about $218,000. Finally, Atomi Financial Group Inc. lifted its holdings in ENI by 12.9% in the first quarter. Atomi Financial Group Inc. now owns 7,195 shares of the oil and gas exploration company’s stock worth $228,000 after purchasing an additional 820 shares during the period. Institutional investors and hedge funds own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on E. Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Morgan Stanley raised ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 target price on the stock in a report on Thursday, August 29th. Finally, BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, ENI presently has a consensus rating of “Hold” and an average target price of $39.60.

ENI Stock Performance

ENI stock opened at $31.00 on Monday. The stock has a 50-day simple moving average of $31.39 and a 200 day simple moving average of $31.35. The stock has a market capitalization of $52.33 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 1.43 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 S.p.A. has a 12-month low of $28.82 and a 12-month high of $34.30.

ENI (NYSE:E) last announced its quarterly earnings data 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). The firm had revenue of $24.82 billion during the quarter, compared to the consensus estimate of $25.74 billion. ENI had a net margin of 4.21% and a return on equity of 11.84%. On average, research analysts anticipate that Eni S.p.A. will post 3.85 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.