World Equity Group Inc. Purchases New Shares in Eni SpA $E

World Equity Group Inc. purchased a new position in Eni SpA (NYSE:E) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,400 shares of the oil and gas exploration company’s stock, valued at approximately $440,000.

A number of other large investors also recently bought and sold shares of E. Massachusetts Financial Services Co. MA lifted its position in shares of 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. Optiver Holding B.V. purchased a new position in ENI in the 1st quarter valued at $6,586,000. Quantinno Capital Management LP lifted its holdings in ENI by 13.2% in the 1st quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company’s stock valued at $25,698,000 after purchasing an additional 52,901 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in ENI during the 1st quarter worth $63,334,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in shares of ENI during the fourth quarter worth $375,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Stock Up 2.4%

Shares of NYSE:E opened at $54.87 on Tuesday. The company has a market capitalization of $92.62 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.25 and a beta of 0.39. Eni SpA has a 12-month low of $34.03 and a 12-month high of $58.00. The business has a 50-day moving average price of $50.69 and a 200 day moving average price of $50.40. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42.

ENI (NYSE:E) last posted its earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The company had revenue of $25.87 billion for the quarter, compared to analysts’ expectations of $27.93 billion. Sell-side analysts expect that Eni SpA will post 5.63 EPS for the current year.

Analysts Set New Price Targets

E has been the subject of several research reports. Weiss Ratings raised shares of ENI from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Zacks Research cut ENI from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Erste Group Bank lowered ENI from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a report on Saturday. Finally, 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 research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.