Janney Montgomery Scott LLC Raises Stake in Eni SpA $E

Janney Montgomery Scott LLC raised its holdings in shares of Eni SpA (NYSE:E) by 185.9% in the first quarter, Holdings Channel.com reports. The firm owned 23,313 shares of the oil and gas exploration company’s stock after purchasing an additional 15,158 shares during the period. Janney Montgomery Scott LLC’s holdings in ENI were worth $1,320,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. DV Equities LLC bought a new stake in shares of ENI during the fourth quarter valued at approximately $35,000. Manchester Capital Management LLC lifted its holdings in shares of ENI by 56.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock valued at $46,000 after purchasing an additional 437 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of ENI during the third quarter valued at $47,000. CIBC Private Wealth Group LLC bought a new stake in ENI in the 3rd quarter worth about $48,000. Finally, Global Retirement Partners LLC raised its position in ENI by 320.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,375 shares of the oil and gas exploration company’s stock worth $52,000 after buying an additional 1,048 shares during the last quarter. 1.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Zacks Research lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Erste Group Bank lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Royal Bank Of Canada increased their target price on ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, April 9th. Finally, Weiss Ratings raised shares of ENI from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, ENI has an average rating of “Moderate Buy” and an average target price of $42.30.

ENI Stock Performance

E traded down $0.20 during midday trading on Friday, reaching $47.70. The company had a trading volume of 203,796 shares, compared to its average volume of 499,909. The business has a 50-day moving average of $51.79 and a two-hundred day moving average of $48.28. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 0.40. Eni SpA has a 1 year low of $32.76 and a 1 year high of $58.00. The company has a market cap of $80.52 billion, a P/E ratio of 27.42, a P/E/G ratio of 0.26 and a beta of 0.40.

ENI (NYSE:E) last announced its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. The company had revenue of $23.22 billion during the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%. As a group, equities research analysts predict that Eni SpA will post 5.09 earnings per share for the current fiscal year.

ENI Company Profile

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.