ABC Arbitrage SA Has $555,000 Stock Position in Eni SpA (NYSE:E)

by · The Cerbat Gem

ABC Arbitrage SA cut its holdings in Eni SpA (NYSE:E – Free Report) by 38.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 17,959 shares of the oil and gas exploration company’s stock after selling 11,401 shares during the quarter. ABC Arbitrage SA’s holdings in ENI were worth $555,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Natixis Advisors LLC lifted its stake in shares of ENI by 21.9% in the 1st quarter. Natixis Advisors LLC now owns 2,779,073 shares of the oil and gas exploration company’s stock valued at $85,957,000 after acquiring an additional 500,039 shares during the last quarter. Northern Trust Corp increased its holdings in ENI by 42.3% in the 4th quarter. Northern Trust Corp now owns 734,368 shares of the oil and gas exploration company’s stock worth $20,092,000 after purchasing an additional 218,391 shares in the last quarter. Raymond James Financial Inc. bought a new position in ENI in the fourth quarter valued at about $14,233,000. Massachusetts Financial Services Co. MA raised its position in ENI by 44.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 405,655 shares of the oil and gas exploration company’s stock valued at $12,547,000 after purchasing an additional 125,413 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of ENI by 215.8% during the fourth quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company’s stock valued at $8,952,000 after purchasing an additional 223,597 shares in the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Trading Up 0.8%

NYSE:E opened at $34.24 on Wednesday. Eni SpA has a 52 week low of $24.65 and a 52 week high of $34.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.18. The firm’s fifty day moving average is $32.47 and its 200-day moving average is $30.19. The firm has a market cap of $57.80 billion, a P/E ratio of 21.14 and a beta of 0.95.

ENI (NYSE:E – Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. ENI had a net margin of 2.84% and a return on equity of 8.53%. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $23.54 billion. Equities analysts expect that Eni SpA will post 3.74 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on E shares. Redburn Atlantic downgraded shares of ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 23rd. Citigroup reaffirmed a “neutral” rating on shares of ENI in a research note on Friday, July 11th. Finally, Kepler Capital Markets cut shares of ENI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 20th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.60.

View Our Latest Stock Report on E

About ENI

(Free Report)

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.

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