Natixis Advisors LLC Increases Holdings in Eni SpA (NYSE:E)

Key Points

• Natixis Advisors LLC increased its holdings in Eni SpA by 21.9%, bringing its total ownership to approximately 2.78 million shares valued at around $85.96 million.
• In the first quarter, Eni reported earnings of $0.79 per share, exceeding analyst estimates, but its revenue of $22.08 billion fell short of expectations of $23.54 billion.
• Despite recent performance, multiple analysts have downgraded Eni's stock rating, leading to an average rating of "Hold" with a target price of $31.60.

Natixis Advisors LLC grew its position in shares of Eni SpA (NYSE:E - Free Report) by 21.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,779,073 shares of the oil and gas exploration company's stock after purchasing an additional 500,039 shares during the period. Natixis Advisors LLC owned about 0.16% of ENI worth $85,957,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. American Century Companies Inc. raised its holdings in ENI by 10.0% during the 4th quarter. American Century Companies Inc. now owns 388,578 shares of the oil and gas exploration company's stock valued at $10,631,000 after buying an additional 35,363 shares during the last quarter. LPL Financial LLC increased its holdings in ENI by 33.1% during the 4th quarter. LPL Financial LLC now owns 32,841 shares of the oil and gas exploration company's stock valued at $899,000 after purchasing an additional 8,176 shares during the period. Orion Portfolio Solutions LLC increased its holdings in ENI by 4.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 70,483 shares of the oil and gas exploration company's stock valued at $1,928,000 after purchasing an additional 3,104 shares during the period. OLD Mission Capital LLC purchased a new position in ENI during the 4th quarter valued at about $4,882,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in ENI by 35.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 280,242 shares of the oil and gas exploration company's stock valued at $7,667,000 after purchasing an additional 73,511 shares during the period. Hedge funds and other institutional investors own 1.18% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on E shares. Redburn Atlantic downgraded ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, April 23rd. Kepler Capital Markets downgraded ENI from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, Citigroup reiterated a "neutral" rating on shares of ENI in a report on Friday, July 11th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $31.60.

ENI Price Performance

NYSE:E traded down $0.03 on Friday, reaching $34.01. 186,792 shares of the company's stock traded hands, compared to its average volume of 241,462. The company has a quick ratio of 1.00, a current ratio of 1.18 and a debt-to-equity ratio of 0.37. The stock has a 50-day simple moving average of $32.28 and a 200-day simple moving average of $30.10. The firm has a market cap of $57.41 billion, a PE ratio of 20.99 and a beta of 0.95. Eni SpA has a 12 month low of $24.65 and a 12 month high of $34.74.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The oil and gas exploration company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $23.54 billion. ENI had a return on equity of 8.53% and a net margin of 2.84%. Equities research analysts forecast that Eni SpA will post 3.74 earnings per share for the current year.

ENI Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.