29,360 Shares in Eni S.p.A. (NYSE:E) Bought by ABC Arbitrage SA

ABC Arbitrage SA purchased a new position in shares of Eni S.p.A. (NYSE:E) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,360 shares of the oil and gas exploration company’s stock, valued at approximately $803,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its position in shares of ENI by 12.8% in the 3rd quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock worth $77,179,000 after purchasing an additional 288,968 shares during the last quarter. FMR LLC increased its position in shares of ENI by 33.5% in the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock worth $17,691,000 after purchasing an additional 146,431 shares during the last quarter. Raymond James & Associates increased its position in shares of ENI by 0.7% in the 3rd quarter. Raymond James & Associates now owns 503,920 shares of the oil and gas exploration company’s stock worth $15,274,000 after purchasing an additional 3,738 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of ENI by 5.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 206,731 shares of the oil and gas exploration company’s stock worth $6,266,000 after purchasing an additional 10,535 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of ENI by 9.2% in the 3rd quarter. Fisher Asset Management LLC now owns 126,046 shares of the oil and gas exploration company’s stock worth $3,820,000 after purchasing an additional 10,589 shares during the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Trading Up 0.6 %

ENI stock opened at $29.32 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $27.96 and a two-hundred day moving average price of $29.77. The firm has a market capitalization of $49.49 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.85 and a beta of 0.92. Eni S.p.A. has a 52-week low of $26.12 and a 52-week high of $33.78.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $31.60 price target (down from $37.50) on shares of ENI in a report on Tuesday, January 7th. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.60.

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.