Oppenheimer Asset Management Inc. Buys 608 Shares of Eni S.p.A. (NYSE:E)

Oppenheimer Asset Management Inc. boosted its position in shares of Eni S.p.A. (NYSE:E) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,853 shares of the oil and gas exploration company’s stock after buying an additional 608 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ENI were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in E. Crossmark Global Holdings Inc. boosted its holdings in ENI by 50.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 108,821 shares of the oil and gas exploration company’s stock valued at $3,298,000 after acquiring an additional 36,646 shares during the period. Harvest Portfolios Group Inc. boosted its holdings in shares of ENI by 11.7% in the third quarter. Harvest Portfolios Group Inc. now owns 54,703 shares of the oil and gas exploration company’s stock valued at $1,658,000 after purchasing an additional 5,726 shares during the period. US Bancorp DE increased its holdings in ENI by 5.5% during the 3rd quarter. US Bancorp DE now owns 40,106 shares of the oil and gas exploration company’s stock worth $1,216,000 after purchasing an additional 2,103 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in shares of ENI by 2.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 33,473 shares of the oil and gas exploration company’s stock worth $1,015,000 after buying an additional 917 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of ENI during the 3rd quarter worth $212,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Stock Performance

Shares of E stock opened at $28.93 on Thursday. The company has a market capitalization of $48.83 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.30 and a beta of 0.95. Eni S.p.A. has a 12-month low of $28.74 and a 12-month high of $34.30. The business’s 50 day moving average is $30.69 and its two-hundred day moving average is $31.03. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

Analysts Set New Price Targets

Several brokerages recently issued reports on E. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a report on Tuesday, October 15th. BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada raised ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. Finally, Morgan Stanley upgraded 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.60.

ENI Profile

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.