Eni S.p.A. (NYSE:E) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in Eni S.p.A. (NYSE:E) by 25.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,075 shares of the oil and gas exploration company’s stock after acquiring an additional 633 shares during the quarter. GAMMA Investing LLC’s holdings in ENI were worth $93,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Marshall Wace LLP acquired a new stake in shares of ENI during the 2nd quarter worth about $6,875,000. Manning & Napier Advisors LLC purchased a new position in ENI during the 2nd quarter valued at about $3,764,000. Teachers Retirement System of The State of Kentucky purchased a new position in ENI during the 2nd quarter valued at about $3,141,000. Lighthouse Investment Partners LLC purchased a new position in ENI during the 2nd quarter valued at about $3,079,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in ENI by 269.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 118,755 shares of the oil and gas exploration company’s stock valued at $3,656,000 after acquiring an additional 86,620 shares during the period. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Stock Performance

Shares of E opened at $31.35 on Tuesday. The stock has a 50-day simple moving average of $31.52 and a 200-day simple 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 stock has a market capitalization of $52.91 billion, a PE ratio of 13.51, a PEG ratio of 1.37 and a beta of 0.96. Eni S.p.A. has a 1 year low of $28.82 and a 1 year high of $34.30.

ENI (NYSE:E) last issued its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.14). ENI had a return on equity of 11.84% and a net margin of 4.21%. The business had revenue of $24.82 billion for the quarter, compared to analyst estimates of $25.74 billion. On average, analysts predict that Eni S.p.A. will post 3.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on E. Stifel Nicolaus cut ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Redburn Atlantic upgraded ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th. Finally, Morgan Stanley upgraded ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective for the company in a research note on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, ENI presently has an average rating of “Hold” and an average price target of $39.60.

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.