QRG Capital Management Inc. Increases Stock Position in Eni SpA $E

QRG Capital Management Inc. boosted its holdings in Eni SpA (NYSE:E) by 35.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,035 shares of the oil and gas exploration company’s stock after acquiring an additional 34,738 shares during the quarter. QRG Capital Management Inc.’s holdings in ENI were worth $7,531,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of ENI by 2.1% in the 1st quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock worth $2,141,000 after purchasing an additional 1,420 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of ENI by 3.4% during the first quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after purchasing an additional 495 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of ENI by 8.4% during the second quarter. Cetera Investment Advisers now owns 11,232 shares of the oil and gas exploration company’s stock valued at $364,000 after buying an additional 870 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of ENI by 60.7% during the second quarter. JPMorgan Chase & Co. now owns 45,348 shares of the oil and gas exploration company’s stock valued at $1,470,000 after buying an additional 17,133 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in ENI by 60.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 15,437 shares of the oil and gas exploration company’s stock worth $500,000 after buying an additional 5,831 shares in the last quarter. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

ENI Stock Performance

Shares of E opened at $46.77 on Friday. The firm has a market capitalization of $78.95 billion, a P/E ratio of 26.88, a PEG ratio of 0.25 and a beta of 0.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 1.02. Eni SpA has a one year low of $32.33 and a one year high of $58.00. The business has a fifty day moving average of $52.48 and a 200 day moving average of $47.91.

ENI (NYSE:E) last posted its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share for the quarter. The company had revenue of $23.22 billion for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%. As a group, sell-side analysts anticipate that Eni SpA will post 5.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Dbs Bank raised ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th. BNP Paribas Exane raised shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price target on the stock in a report on Friday, April 17th. Wall Street Zen lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Zacks Research cut shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Weiss Ratings upgraded shares of ENI from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, ENI currently has a consensus rating of “Moderate Buy” and an average target price of $42.30.

ENI 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.