Bleakley Financial Group LLC Buys 1,047 Shares of Eni S.p.A. (NYSE:E)

Bleakley Financial Group LLC grew its stake in shares of Eni S.p.A. (NYSE:E) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,266 shares of the oil and gas exploration company’s stock after acquiring an additional 1,047 shares during the quarter. Bleakley Financial Group LLC’s holdings in ENI were worth $554,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of ENI in the first quarter worth $74,000. Norden Group LLC bought a new stake in shares of ENI during the 1st quarter valued at about $437,000. Legacy Wealth Asset Management LLC increased its position in shares of ENI by 2.9% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 36,045 shares of the oil and gas exploration company’s stock valued at $1,143,000 after purchasing an additional 1,025 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of ENI in the 1st quarter worth approximately $218,000. Finally, Diversify Advisory Services LLC purchased a new position in shares of ENI in the first quarter worth approximately $509,000. 1.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on E. Sanford C. Bernstein downgraded shares of ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Stifel Nicolaus downgraded ENI from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. BNP Paribas raised ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. StockNews.com downgraded ENI from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Finally, Morgan Stanley upgraded ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective for the company in a research note on Thursday, August 29th. Five equities 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 a consensus price target of $39.60.

ENI Stock Performance

NYSE:E opened at $30.76 on Tuesday. The stock has a 50-day moving average price of $31.46 and a 200 day moving average price of $31.42. 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 12-month low of $28.82 and a 12-month high of $34.30. The stock has a market capitalization of $51.92 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.37 and a beta of 0.96.

ENI (NYSE:E) last released its quarterly earnings data on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.14). ENI had a net margin of 4.21% and a return on equity of 11.84%. The company had revenue of $24.82 billion for the quarter, compared to the consensus estimate of $25.74 billion. Equities research analysts forecast that Eni S.p.A. will post 3.95 EPS 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.