CI Investments Inc. Cuts Stock Position in Eni SpA $E

CI Investments Inc. cut its position in shares of Eni SpA (NYSE:E) by 23.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 141,908 shares of the oil and gas exploration company’s stock after selling 42,955 shares during the period. CI Investments Inc.’s holdings in ENI were worth $8,033,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. First Trust Advisors LP boosted its stake in ENI by 8.8% in the first quarter. First Trust Advisors LP now owns 20,013 shares of the oil and gas exploration company’s stock worth $1,133,000 after buying an additional 1,624 shares in the last quarter. a16z Perennial Management L.P. bought a new position in ENI during the first quarter valued at approximately $210,000. XY Capital Ltd purchased a new position in shares of ENI during the first quarter worth approximately $769,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of ENI during the first quarter worth approximately $85,000. Finally, Earned Wealth Advisors LLC bought a new stake in shares of ENI in the 1st quarter worth approximately $204,000. 1.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on E shares. BNP Paribas Exane raised shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective for the company in a research note on Friday, April 17th. Rothschild & Co Redburn upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Dbs Bank upgraded shares of ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th. Erste Group Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada upped their price target on shares of ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, ENI presently has an average rating of “Moderate Buy” and a consensus price target of $42.30.

ENI Stock Performance

ENI stock opened at $51.96 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average of $50.85 and a 200-day moving average of $49.10. The firm has a market cap of $87.71 billion, a P/E ratio of 29.86, a P/E/G ratio of 0.28 and a beta of 0.40. Eni SpA has a 1-year low of $33.71 and a 1-year high of $58.00.

ENI (NYSE:E) last posted its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%.The company had revenue of $23.22 billion for the quarter. Sell-side analysts expect that Eni SpA will post 5.06 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.