Marshall Wace LLP Acquires Shares of 223,288 Eni S.p.A. (NYSE:E)

Marshall Wace LLP purchased a new stake in Eni S.p.A. (NYSE:E) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 223,288 shares of the oil and gas exploration company’s stock, valued at approximately $6,875,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of E. Allspring Global Investments Holdings LLC acquired a new position in shares of ENI during the first quarter valued at about $74,000. GAMMA Investing LLC boosted 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 last quarter. Barometer Capital Management Inc. bought a new stake in ENI during the 4th quarter worth approximately $119,000. Toronto Dominion Bank purchased a new stake in shares of ENI in the first quarter worth approximately $172,000. Finally, Arkadios Wealth Advisors bought a new position in shares of ENI in the first quarter valued at approximately $218,000. Institutional investors own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

E has been the subject of several recent research reports. Royal Bank of Canada upgraded ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. Stifel Nicolaus downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Redburn Atlantic raised shares of ENI from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 25th. Sanford C. Bernstein downgraded shares of ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, StockNews.com cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, ENI presently has a consensus rating of “Hold” and an average target price of $39.60.

ENI Price Performance

E opened at $30.45 on Tuesday. Eni S.p.A. has a fifty-two week low of $28.82 and a fifty-two week high of $34.30. The firm has a 50-day moving average of $31.48 and a 200 day moving average of $31.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.28. The firm has a market cap of $51.40 billion, a P/E ratio of 13.13, a PEG ratio of 1.34 and a beta of 0.96.

ENI (NYSE:E) last issued its quarterly earnings results 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). The company had revenue of $24.82 billion for the quarter, compared to analysts’ expectations of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. On average, research analysts expect that Eni S.p.A. will post 4.18 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.