Natixis Advisors LLC Grows Stake in Eni SpA $E

Key Points

• Natixis Advisors LLC increased its stake in ENI by 6.6% in Q3 to 3,113,710 shares (about 0.18% of the company), valued at roughly $108.8 million.
• ENI beat expectations for the quarter, reporting $0.87 EPS vs. $0.78 expected and revenue of $24.33 billion vs. $19.45 billion, with the stock trading up and the company valued at about $80.65 billion.
• Several analysts have upgraded ENI (including UBS and JPMorgan) and MarketBeat shows an average rating of "Moderate Buy" with an average target price of $34.60.

Natixis Advisors LLC grew its stake in shares of Eni SpA (NYSE:E - Free Report) by 6.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,113,710 shares of the oil and gas exploration company's stock after acquiring an additional 192,646 shares during the quarter. Natixis Advisors LLC owned about 0.18% of ENI worth $108,824,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MAI Capital Management raised its holdings in ENI by 2,488.4% in the second quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company's stock worth $36,000 after buying an additional 1,070 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of ENI by 84.0% during the third quarter. Farther Finance Advisors LLC now owns 1,525 shares of the oil and gas exploration company's stock valued at $53,000 after buying an additional 696 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of ENI by 10.3% during the third quarter. Rhumbline Advisers now owns 4,637 shares of the oil and gas exploration company's stock valued at $162,000 after buying an additional 433 shares during the last quarter. Bessemer Group Inc. increased its position in shares of ENI by 5.1% during the third quarter. Bessemer Group Inc. now owns 5,904 shares of the oil and gas exploration company's stock valued at $206,000 after acquiring an additional 284 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in shares of ENI during the second quarter valued at approximately $208,000. 1.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on E shares. UBS Group raised ENI from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 25th. Barclays reissued an "overweight" rating on shares of ENI in a report on Friday, December 12th. Wall Street Zen raised ENI from a "hold" rating to a "buy" rating in a report on Saturday, February 28th. JPMorgan Chase & Co. raised ENI from an "underweight" rating to an "overweight" rating in a research report on Monday, March 2nd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of ENI in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, ENI currently has an average rating of "Moderate Buy" and an average target price of $34.60.

ENI Trading Up 2.4%

Shares of NYSE:E opened at $47.78 on Monday. The stock has a 50 day moving average of $41.44 and a 200 day moving average of $38.07. The company has a market cap of $80.65 billion, a PE ratio of 28.11 and a beta of 0.57. Eni SpA has a 12-month low of $24.65 and a 12-month high of $47.93. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38.

ENI (NYSE:E - Get Free Report) last released its earnings results on Thursday, February 26th. The oil and gas exploration company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.09. ENI had a net margin of 3.07% and a return on equity of 9.27%. The company had revenue of $24.33 billion for the quarter, compared to analysts' expectations of $19.45 billion. As a group, equities research analysts expect that Eni SpA will post 3.74 EPS for the current year.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm's activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.

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