XY Capital Ltd Invests $769,000 in Eni SpA $E

XY Capital Ltd acquired a new position in shares of Eni SpA (NYSE:E) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,582 shares of the oil and gas exploration company’s stock, valued at approximately $769,000. ENI comprises 0.8% of XY Capital Ltd’s investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in E. JPMorgan Chase & Co. boosted its holdings in shares of ENI by 52.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 69,354 shares of the oil and gas exploration company’s stock valued at $2,424,000 after buying an additional 24,006 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in ENI during the fourth quarter valued at approximately $923,000. Newbridge Financial Services Group Inc. lifted its position in ENI by 408.4% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 26,640 shares of the oil and gas exploration company’s stock valued at $1,011,000 after acquiring an additional 21,400 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in ENI by 8.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 589,265 shares of the oil and gas exploration company’s stock valued at $22,357,000 after acquiring an additional 44,588 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in ENI in the fourth quarter valued at approximately $337,000. Institutional investors own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Rothschild & Co Redburn upgraded ENI from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th. Erste Group Bank downgraded ENI from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Zacks Research downgraded ENI from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Finally, Weiss Ratings lowered ENI from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ENI currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.

ENI Price Performance

Shares of E opened at $50.09 on Wednesday. The firm has a market capitalization of $84.54 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 0.27 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 1-year low of $33.10 and a 1-year high of $58.00. The company’s fifty day moving average price is $51.01 and its 200-day moving average price is $48.92.

ENI (NYSE:E) last issued its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 EPS for the quarter. The company had revenue of $23.22 billion during the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%. On average, equities research analysts predict that Eni SpA will post 5.06 EPS for the current year.

About ENI

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.