MML Investors Services LLC Has $247,000 Stake in Eni S.p.A. (NYSE:E)

MML Investors Services LLC increased its position in Eni S.p.A. (NYSE:E) by 7.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,144 shares of the oil and gas exploration company’s stock after buying an additional 576 shares during the period. MML Investors Services LLC’s holdings in ENI were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in shares of 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 worth $171,000 after purchasing an additional 3,218 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in ENI by 13.3% during the second quarter. Atomi Financial Group Inc. now owns 8,151 shares of the oil and gas exploration company’s stock valued at $251,000 after buying an additional 956 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of ENI during the 2nd quarter worth about $1,409,000. Van ECK Associates Corp increased its holdings in shares of ENI by 32.1% during the 2nd quarter. Van ECK Associates Corp now owns 19,251 shares of the oil and gas exploration company’s stock valued at $593,000 after acquiring an additional 4,673 shares during the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in ENI in the 2nd quarter worth approximately $363,000. Institutional investors own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on E shares. BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective for the company in a research report on Thursday, August 29th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Finally, Sanford C. Bernstein downgraded ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.60.

ENI Trading Up 0.6 %

Shares of E opened at $26.60 on Thursday. The stock has a 50 day simple moving average of $29.04 and a 200-day simple moving average of $30.39. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The stock has a market cap of $44.90 billion, a PE ratio of 15.93, a PEG ratio of 1.68 and a beta of 0.93. Eni S.p.A. has a 1 year low of $26.12 and a 1 year high of $34.30.

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.