QRG Capital Management Inc. Purchases 34,738 Shares of Eni SpA $E

QRG Capital Management Inc. increased its position in Eni SpA (NYSE:E) by 35.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 133,035 shares of the oil and gas exploration company’s stock after purchasing an additional 34,738 shares during the quarter. QRG Capital Management Inc.’s holdings in ENI were worth $7,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in E. Natixis Advisors LLC raised its holdings in ENI by 6.6% in the third quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after purchasing an additional 192,646 shares in the last quarter. Capital Wealth Planning LLC boosted its holdings in shares of ENI by 109.7% during the 4th quarter. Capital Wealth Planning LLC now owns 306,408 shares of the oil and gas exploration company’s stock valued at $11,962,000 after buying an additional 160,324 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of ENI by 33.2% during the 3rd quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock valued at $22,259,000 after buying an additional 158,699 shares in the last quarter. Arosa Capital Management LP purchased a new stake in shares of ENI in the 4th quarter worth about $4,173,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of ENI by 16,704.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 92,422 shares of the oil and gas exploration company’s stock worth $3,506,000 after buying an additional 91,872 shares during the period. 1.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on E shares. Wall Street Zen cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. BNP Paribas Exane upgraded shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective on the stock in a report on Friday, April 17th. Royal Bank Of Canada raised their target price on shares of ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, April 9th. Dbs Bank upgraded shares of ENI from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 28th. Finally, Zacks Research cut ENI from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.30.

ENI Price Performance

Shares of NYSE:E opened at $46.77 on Friday. The business has a fifty day moving average price of $52.48 and a 200-day moving average price of $47.91. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 1.02. The company has a market capitalization of $78.95 billion, a PE ratio of 26.88, a PEG ratio of 0.25 and a beta of 0.40. Eni SpA has a 1-year low of $32.33 and a 1-year high of $58.00.

ENI (NYSE:E) last announced its quarterly 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 net margin of 3.37% and a return on equity of 9.21%. The company had revenue of $23.22 billion for the quarter. As a group, equities analysts expect that Eni SpA will post 5.63 EPS for the current fiscal 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.