Quantinno Capital Management LP Raises Holdings in Eni SpA $E

by · The Cerbat Gem

Quantinno Capital Management LP grew its holdings in Eni SpA (NYSE:E – Free Report) by 13.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 453,940 shares of the oil and gas exploration company’s stock after purchasing an additional 52,901 shares during the period. Quantinno Capital Management LP’s holdings in ENI were worth $25,698,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of E. DV Equities LLC bought a new position in shares of ENI during the fourth quarter valued at $35,000. Manchester Capital Management LLC increased its holdings in ENI by 56.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after buying an additional 437 shares in the last quarter. Advisory Services Network LLC bought a new stake in ENI in the 3rd quarter worth about $47,000. Larson Financial Group LLC raised its position in ENI by 37.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock worth $48,000 after buying an additional 378 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in ENI in the 3rd quarter worth about $48,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Weiss Ratings cut shares of ENI from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 17th. Royal Bank Of Canada lifted their price target on shares of ENI from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 9th. Dbs Bank raised shares of ENI from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 28th. Erste Group Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Rothschild & Co Redburn upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.30.

Get Our Latest Stock Report on ENI

ENI Stock Up 0.1%

E stock opened at $55.60 on Friday. The company has a market cap of $93.85 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 0.30 and a beta of 0.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16. The business’s 50-day moving average is $50.59 and its two-hundred day moving average is $49.67. Eni SpA has a fifty-two week low of $33.74 and a fifty-two week high of $58.00.

ENI (NYSE:E – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The oil and gas exploration company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The business had revenue of $25.87 billion during the quarter, compared to the consensus estimate of $27.93 billion. ENI had a return on equity of 11.48% and a net margin of 6.51%. As a group, analysts forecast that Eni SpA will post 5.15 earnings per share for the current year.

ENI Company Profile

(Free Report)

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.

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