Aaron Wealth Advisors LLC Acquires Shares of 7,900 Eni S.p.A. (NYSE:E)

Aaron Wealth Advisors LLC bought a new position in Eni S.p.A. (NYSE:E) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,900 shares of the oil and gas exploration company’s stock, valued at approximately $239,000.

A number of other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of ENI during the first quarter valued at approximately $74,000. GAMMA Investing LLC boosted its holdings in shares of ENI by 19.8% during the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after purchasing an additional 404 shares during the period. Toronto Dominion Bank purchased a new position in ENI during the 1st quarter valued at about $172,000. Arkadios Wealth Advisors bought a new position in ENI during the 1st quarter valued at approximately $218,000. Finally, Pitcairn Co. purchased a new stake in ENI in the 1st quarter worth approximately $218,000. 1.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

E has been the topic of a number of research reports. Royal Bank of Canada raised shares of ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 29th. Morgan Stanley raised ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 target price for the company in a research report on Thursday, August 29th. Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Stifel Nicolaus cut shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.60.

ENI Stock Up 0.3 %

Shares of E stock opened at $30.76 on Monday. The company has a 50 day simple moving average of $31.48 and a two-hundred day simple moving average of $31.44. The company has a current ratio of 1.28, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42. Eni S.p.A. has a 12 month low of $28.82 and a 12 month high of $34.30. The stock has a market cap of $51.92 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.37 and a beta of 0.96.

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

ENI Company Profile

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.