Eni SpA (NYSE:E) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its position in Eni SpA (NYSE:E - Free Report) by 44.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 405,655 shares of the oil and gas exploration company's stock after purchasing an additional 125,413 shares during the period. Massachusetts Financial Services Co. MA's holdings in ENI were worth $12,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp raised its position in shares of ENI by 42.3% in the 4th quarter. Northern Trust Corp now owns 734,368 shares of the oil and gas exploration company's stock worth $20,092,000 after purchasing an additional 218,391 shares during the last quarter. Raymond James Financial Inc. bought a new stake in ENI during the 4th quarter valued at about $14,233,000. American Century Companies Inc. lifted its stake in shares of ENI by 10.0% in the fourth quarter. American Century Companies Inc. now owns 388,578 shares of the oil and gas exploration company's stock worth $10,631,000 after buying an additional 35,363 shares in the last quarter. Millennium Management LLC grew its holdings in shares of ENI by 215.8% during the fourth quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company's stock valued at $8,952,000 after buying an additional 223,597 shares during the last quarter. Finally, Optiver Holding B.V. increased its position in shares of ENI by 1,885.2% during the fourth quarter. Optiver Holding B.V. now owns 273,042 shares of the oil and gas exploration company's stock valued at $7,470,000 after acquiring an additional 259,288 shares in the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Stock Performance

E traded up $0.34 during midday trading on Tuesday, hitting $33.36. 104,728 shares of the company were exchanged, compared to its average volume of 315,002. The company's 50 day simple moving average is $31.42 and its 200 day simple moving average is $29.72. The firm has a market capitalization of $56.31 billion, a price-to-earnings ratio of 19.98 and a beta of 0.90. Eni SpA has a 1-year low of $24.65 and a 1-year high of $33.56. The company has a current ratio of 1.16, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35.

ENI (NYSE:E - Get Free Report) last posted its earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.01. The firm had revenue of $25.61 billion during the quarter, compared to analysts' expectations of $25.52 billion. ENI had a net margin of 2.85% and a return on equity of 9.16%. As a group, sell-side analysts predict that Eni SpA will post 3.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on E. Kepler Capital Markets cut shares of ENI from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Redburn Atlantic cut shares of ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, April 23rd. Finally, Citigroup reiterated a "neutral" rating on shares of ENI in a research note on Friday, July 11th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $31.60.

ENI Company 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.