Lighthouse Investment Partners LLC Makes New $3.08 Million Investment in Eni S.p.A. (NYSE:E)

Lighthouse Investment Partners LLC purchased a new stake in shares of Eni S.p.A. (NYSE:E) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 100,000 shares of the oil and gas exploration company’s stock, valued at approximately $3,079,000.

A number of other hedge funds and other institutional investors 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 raised its stake in ENI by 19.8% during the 2nd 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. Barometer Capital Management Inc. acquired a new position in ENI during the fourth quarter valued at $119,000. Toronto Dominion Bank purchased a new stake in ENI in the 1st quarter worth about $172,000. Finally, Arkadios Wealth Advisors acquired a new stake in ENI during the 1st quarter worth about $218,000. Institutional investors own 1.18% of the company’s stock.

Analysts Set New Price Targets

E has been the subject of a number of research reports. Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 target price for the company in a research note on Thursday, August 29th. 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 shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Royal Bank of Canada raised ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. Finally, Redburn Atlantic upgraded ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, June 25th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.60.

ENI Stock Up 1.5 %

Shares of E opened at $30.63 on Friday. The business’s fifty day moving average price is $31.48 and its two-hundred day moving average price is $31.51. The firm has a market capitalization of $51.70 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.34 and a beta of 0.96. 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.

ENI (NYSE:E) last issued its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.14). The business had revenue of $24.82 billion for the quarter, compared to analyst estimates of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. On average, analysts predict that Eni S.p.A. will post 4.18 earnings per share for the current year.

ENI Company 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.