Blue Trust Inc. Buys 6,216 Shares of Eni S.p.A. (NYSE:E)

Blue Trust Inc. raised its stake in Eni S.p.A. (NYSE:E) by 48.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 19,070 shares of the oil and gas exploration company’s stock after purchasing an additional 6,216 shares during the quarter. Blue Trust Inc.’s holdings in ENI were worth $587,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of ENI during the first quarter worth about $74,000. Norden Group LLC purchased a new stake in ENI in the 1st quarter worth approximately $437,000. Legacy Wealth Asset Management LLC grew its position in shares of ENI by 2.9% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 36,045 shares of the oil and gas exploration company’s stock worth $1,143,000 after buying an additional 1,025 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in shares of ENI during the first quarter valued at approximately $218,000. Finally, Diversify Advisory Services LLC bought a new position in shares of ENI during the first quarter valued at approximately $509,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on E shares. Morgan Stanley upgraded shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a report on Thursday, August 29th. Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Stifel Nicolaus lowered ENI from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.60.

ENI Stock Performance

Shares of NYSE E opened at $30.76 on Tuesday. Eni S.p.A. has a 1 year low of $28.82 and a 1 year high of $34.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.09. The firm has a 50-day moving average of $31.46 and a 200 day moving average of $31.42. The stock has a market cap of $51.92 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 1.37 and a beta of 0.96.

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