Tidal Investments LLC Increases Stake in Eni S.p.A. (NYSE:E)

Tidal Investments LLC increased its position in shares of Eni S.p.A. (NYSE:E) by 9.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,744 shares of the oil and gas exploration company’s stock after buying an additional 3,641 shares during the period. Tidal Investments LLC’s holdings in ENI were worth $1,235,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky increased its holdings in ENI by 9.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 111,700 shares of the oil and gas exploration company’s stock valued at $3,386,000 after buying an additional 9,700 shares during the last quarter. MML Investors Services LLC boosted its position in shares of ENI by 7.6% during the 3rd quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock worth $247,000 after acquiring an additional 576 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of ENI by 248.5% in the 3rd quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock valued at $1,106,000 after acquiring an additional 26,013 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of ENI by 31.4% during the 3rd quarter. Quantinno Capital Management LP now owns 77,788 shares of the oil and gas exploration company’s stock worth $2,358,000 after acquiring an additional 18,585 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in ENI by 125.1% during the third quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company’s stock worth $1,460,000 after purchasing an additional 26,646 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

Analysts Set New Price Targets

E has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target for the company in a research report on Thursday, August 29th. StockNews.com raised ENI from a “hold” rating to a “buy” rating in a report on Friday, November 1st. BNP Paribas raised ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Finally, Sanford C. Bernstein downgraded ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $39.60.

ENI Price Performance

Shares of NYSE:E opened at $26.46 on Thursday. Eni S.p.A. has a one year low of $26.37 and a one year high of $34.30. The stock has a market capitalization of $44.66 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 1.68 and a beta of 0.93. The company has a 50-day simple moving average of $29.41 and a 200-day simple moving average of $30.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.