Eni S.p.A. (NYSE:E) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC raised its stake in Eni S.p.A. (NYSE:E) by 4.1% during the second quarter, Holdings Channel.com reports. The firm owned 17,303 shares of the oil and gas exploration company’s stock after purchasing an additional 676 shares during the quarter. AQR Capital Management LLC’s holdings in ENI were worth $533,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cubist Systematic Strategies LLC grew its stake in ENI by 269.6% during the 2nd 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 last quarter. Marshall Wace LLP purchased a new position in ENI during the 2nd quarter worth approximately $6,875,000. Bank of Montreal Can grew its stake in ENI by 15.6% during the 2nd quarter. Bank of Montreal Can now owns 67,552 shares of the oil and gas exploration company’s stock worth $2,080,000 after buying an additional 9,109 shares during the last quarter. Evergreen Capital Management LLC grew its stake in ENI by 5.2% during the 2nd quarter. Evergreen Capital Management LLC now owns 12,753 shares of the oil and gas exploration company’s stock worth $393,000 after buying an additional 626 shares during the last quarter. Finally, Sei Investments Co. grew its stake in ENI by 11.2% during the 2nd quarter. Sei Investments Co. now owns 8,177 shares of the oil and gas exploration company’s stock worth $252,000 after buying an additional 823 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Stock Down 0.0 %

ENI stock opened at $31.35 on Tuesday. The stock’s 50 day moving average price is $31.52 and its 200 day moving average price is $31.49. The company has a market cap of $52.91 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.37 and a beta of 0.96. Eni S.p.A. has a 1-year low of $28.82 and a 1-year high of $34.30. 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 (NYSE:E) last released its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). ENI had a return on equity of 11.84% and a net margin of 4.21%. The company had revenue of $24.82 billion during the quarter, compared to analyst estimates of $25.74 billion. On average, sell-side analysts predict that Eni S.p.A. will post 3.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on E shares. Redburn Atlantic upgraded ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th. 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 research note on Thursday, August 29th. StockNews.com downgraded ENI from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Stifel Nicolaus downgraded ENI from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Sanford C. Bernstein downgraded ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, ENI has an average rating of “Hold” and a consensus target price 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.