The most recent disclosure that the company made with the Securities and Exchange Commission indicates that during the third quarter, U.S. Bancorp DE decreased its holdings in Eni S.p.A. (NYSE: E) by 59.4%. Following the completion of the sale of a total of 90,647 shares throughout the period, the fund was ultimately left in possession of a total of 62,000 shares of stock in the oil and gas development business. At the end of the most recent financial quarter, it was determined that U.S. Bancorp DE’s interests in ENI were worth $1,311,000.
In addition, other significant investors have engaged in purchasing and selling individual shares of the company’s stock. In the first three months of 2018, Arrowstreet Capital Limited Partnership made an 18.7% increase in the amount of ENI stock it owned, bringing its total percentage of ownership to 100%. Arrowstreet Capital Limited Partnership is now the owner of 2,185,838 oil and gas development company shares. These shares have a value of $63,936,000 and were acquired by the company during the most recent quarter through the purchase of an additional 344,808 shares in the company. Millennium Management LLC successfully added 352.0% more ENI stock to its holdings over the second quarter. Millennium Management LLC now has 1,411,077 shares of the oil and gas production business after purchasing an additional 1,098,916 shares during the most recent quarter for a total investment of 1,411,077. These shares are worth a total of $33,598,000 to the company. During the first three months of this year, Goldman Sachs Group Inc. increased the percentage of ENI shares it owned by 7.1%. After purchasing 77,840 additional shares during the most recent quarter, Goldman Sachs Group Inc. now holds a total of 1,175,635 of the oil and gas production company’s shares, which have a market value of $34,387,000. Goldman Sachs Group, Inc. acquired these shares. These were purchased for a sum that amounted to $34,387,000 in total. During the second quarter of this year, Natixis Advisors L.P. increased the percentage of ENI shares it owned by 2.6%. The value of the 1,140,667 shares of the oil and gas production company that Natixis Advisors L.P. owns is $27,159,000. This goal was accomplished in the most recent quarter by purchasing 28,382 additional company shares. Lastly, but certainly not least, during the second quarter, CI Investments Inc. increased the amount of ENI stock it owns by increasing the percentage it owns by 6.0 percent. CI Investments Inc. now has 1,083,613 shares in the oil and gas production business. This figure results from the company purchasing an additional 61,805 shares during the most recent quarter. The value of these shares as of right now is $25,801,000 in total. The various institutions that make up the company’s ownership hold 1.18 percent of the company’s shares.
On Wednesday, the opening price of a share on the NYSE E was $31.13 per share. During a year, the price of an Eni SP A share ranges anywhere from $20.38 to $32.56. This stock’s 50-day moving average is currently at $29.13, while its 200-day moving average is at $25.46. Both moving averages are currently above the price at which the stock was purchased. The firm’s market capitalization is $56.12 billion, its price-to-earnings ratio is 3.02, and its beta is 1.01. These numbers are intended to represent the company. Currently, the debt-to-equity ratio stands at 0.34, the quick ratio stands at 1.03, and the current ratio stands at 1.17.
ENI (NYSE: E) announced its earnings for the most recent fiscal period on Friday, October 28. Earnings per share for the oil and gas exploration business came in at $2.14 for the quarter, which is $0.10 more than the consensus estimate of $2.04 from analysts working in the industry. During the time frame in question, the company reported revenue that amounted to $37.87 billion in total. ENI had a return on equity of 25.36 percent, while the net margin for the company was 13.45 percent. Analysts forecast Eni S.p.A. will post earnings of 8.35 euros per share for the current fiscal year.
Recent observations regarding E shares have been the topic of conversation for several professionals working in the research industry. In a research report released on Tuesday, January 3, Sanford C. Bernstein upgraded their recommendation of ENI from “market perform” to “outperform.” Exane On November 8, BNP Paribas released a research report in which they assumed coverage of ENI. The publication took place that day. They gave the business an “outperform” rating across the board. The research report that HSBC issued on December 1 rated ENI’s stock as having a “hold” recommendation, a change from the “buy” recommendation that the firm had previously assigned to ENI. On November 8, BNP Paribas released a research report in which they assumed coverage of ENI. The publication took place that day. They gave the business an “outperform” rating across the board. Morgan Stanley raised their price objective on ENI from €14.10 ($15.33) to €15.80 ($17.17) in a research note published on Tuesday, November 8, bringing the total price objective to €17.17. In addition, the company provided a rating for the stock that was described as having “equal weight.” One equity research analyst believes the stock should be sold, three analysts believe it should be held, seven analysts believe it should be purchased, and one analyst believes it should be purchased strongly. The overall rating for ENI is a “Moderate Buy,” and the price objective for the stock is set at $16.25, according to the data compiled by Bloomberg.
The Italian multinational company Eni S.p.A. primarily focuses on developing, developing, and manufacturing crude oil and natural gas as its primary business areas. It is run by the Exploration and Production, Global Gas and LNG Portfolio, Refining and Marketing and Chemicals, Plenitude and Power, and Corporate and Other Activities departments, respectively. In addition to being in charge of the exploration, development, and production of oil, condensate, and natural gas, the Exploration, and Production division is also responsible for the preservation of forests, the sequestration and storage of carbon dioxide emissions, and the protection of carbon sinks.
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