Eni S.p.A. (NYSE:E) Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its stake in Eni S.p.A. (NYSE:E) by 11.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,177 shares of the oil and gas exploration company’s stock after buying an additional 823 shares during the quarter. Sei Investments Co.’s holdings in ENI were worth $252,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of E. Allspring Global Investments Holdings LLC acquired a new position in shares of ENI in the 1st quarter valued at $74,000. GAMMA Investing LLC boosted its stake in shares of ENI by 19.8% in 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 purchased a new stake in ENI during the 1st quarter worth $172,000. Arkadios Wealth Advisors acquired a new position in shares of ENI in the 1st quarter valued at approximately $218,000. Finally, Pitcairn Co. acquired a new stake in ENI in the first quarter valued at $218,000. 1.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on E shares. StockNews.com cut ENI from a “buy” rating to a “hold” rating in a report on Friday, September 13th. 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 cut shares of ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Finally, Morgan Stanley upgraded 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $39.60.

ENI Stock Performance

NYSE E opened at $31.38 on Friday. The firm has a market capitalization of $52.97 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 1.37 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.09. Eni S.p.A. has a 52-week low of $28.82 and a 52-week high of $34.30. The company’s fifty day moving average is $31.50 and its two-hundred day moving average is $31.49.

ENI (NYSE:E) last posted 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). ENI had a return on equity of 11.84% and a net margin of 4.21%. The firm had revenue of $24.82 billion for the quarter, compared to analyst estimates of $25.74 billion. Equities research analysts forecast that Eni S.p.A. will post 3.95 EPS for the current 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.