Creative Planning Increases Holdings in Eni S.p.A. (NYSE:E)

Creative Planning boosted its position in Eni S.p.A. (NYSE:E) by 17.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,845 shares of the oil and gas exploration company’s stock after buying an additional 7,127 shares during the quarter. Creative Planning’s holdings in ENI were worth $1,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Marshall Wace LLP bought a new position in ENI during the 2nd quarter worth approximately $6,875,000. Manning & Napier Advisors LLC bought a new position in shares of ENI in the second quarter worth approximately $3,764,000. Lighthouse Investment Partners LLC purchased a new position in shares of ENI in the second quarter worth $3,079,000. Cubist Systematic Strategies LLC increased its stake in shares of ENI by 269.6% in the second quarter. Cubist Systematic Strategies LLC now owns 118,755 shares of the oil and gas exploration company’s stock worth $3,656,000 after buying an additional 86,620 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in ENI during the 2nd quarter valued at $1,409,000. 1.18% of the stock is currently owned by institutional investors.

ENI Stock Down 1.9 %

Shares of ENI stock opened at $31.17 on Wednesday. The company has a 50-day simple moving average of $31.53 and a two-hundred day simple moving average of $31.49. Eni S.p.A. has a 52-week low of $28.82 and a 52-week high of $34.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.28. The stock has a market capitalization of $52.61 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.34 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 analysts’ consensus estimates of $1.12 by ($0.14). The business had revenue of $24.82 billion during the quarter, compared to the consensus estimate of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. On average, analysts anticipate that Eni S.p.A. will post 4.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Sanford C. Bernstein lowered ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, September 13th. BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Finally, Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target for the company in a research note on Thursday, August 29th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, ENI has an average rating of “Hold” and a consensus price target of $39.60.

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.