Eni SpA $E Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its position in Eni SpA (NYSE:E) by 78.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,596 shares of the oil and gas exploration company’s stock after selling 44,729 shares during the quarter. Royal Bank of Canada’s holdings in ENI were worth $713,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of ENI by 3.4% in the first quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after purchasing an additional 495 shares during the period. Cetera Investment Advisers increased its stake in ENI by 8.4% during the 2nd quarter. Cetera Investment Advisers now owns 11,232 shares of the oil and gas exploration company’s stock worth $364,000 after buying an additional 870 shares during the period. JPMorgan Chase & Co. lifted its holdings in ENI by 60.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 45,348 shares of the oil and gas exploration company’s stock worth $1,470,000 after buying an additional 17,133 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in ENI by 60.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 15,437 shares of the oil and gas exploration company’s stock worth $500,000 after buying an additional 5,831 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in ENI in the 2nd quarter valued at about $208,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on E. Wall Street Zen raised ENI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings downgraded ENI from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Zacks Research upgraded ENI from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Erste Group Bank lowered ENI from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Dbs Bank upgraded ENI from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.30.

ENI Stock Performance

Shares of ENI stock opened at $56.55 on Monday. The firm has a market cap of $95.45 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39. The firm’s 50-day simple moving average is $51.01 and its 200-day simple moving average is $51.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.23. Eni SpA has a 1 year low of $34.03 and a 1 year high of $58.00.

ENI (NYSE:E) last issued its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.66 by $0.10. The business had revenue of $25.87 billion for the quarter, compared to analysts’ expectations of $27.93 billion. ENI had a net margin of 6.51% and a return on equity of 11.27%. Equities analysts forecast that Eni SpA will post 5.76 earnings per share for the current fiscal year.

ENI 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.