Natixis Advisors LLC Acquires 288,968 Shares of Eni S.p.A. (NYSE:E)

Natixis Advisors LLC raised its stake in Eni S.p.A. (NYSE:E) by 12.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,546,312 shares of the oil and gas exploration company’s stock after acquiring an additional 288,968 shares during the period. Natixis Advisors LLC’s holdings in ENI were worth $77,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of ENI by 19.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after acquiring an additional 404 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in ENI by 0.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 58,884 shares of the oil and gas exploration company’s stock valued at $1,868,000 after buying an additional 470 shares during the last quarter. Gallacher Capital Management LLC lifted its position in ENI by 3.3% during the 2nd quarter. Gallacher Capital Management LLC now owns 15,726 shares of the oil and gas exploration company’s stock worth $484,000 after buying an additional 504 shares in the last quarter. GQG Partners LLC boosted its stake in shares of ENI by 0.7% during the 1st quarter. GQG Partners LLC now owns 84,193 shares of the oil and gas exploration company’s stock worth $2,671,000 after buying an additional 596 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of ENI by 5.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,853 shares of the oil and gas exploration company’s stock valued at $329,000 after acquiring an additional 608 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada raised shares of ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Finally, Morgan Stanley upgraded shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 target price for the company in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.60.

ENI Trading Up 0.7 %

E opened at $29.69 on Friday. The company’s 50 day moving average is $30.76 and its 200-day moving average is $31.08. The company has a market cap of $50.12 billion, a P/E ratio of 17.78, a PEG ratio of 1.27 and a beta of 0.95. Eni S.p.A. has a 1-year low of $28.74 and a 1-year high of $34.30. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

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.