Eni S.p.A. (NYSE:E) Shares Acquired by Gallacher Capital Management LLC

Gallacher Capital Management LLC raised its position in Eni S.p.A. (NYSE:E) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,726 shares of the oil and gas exploration company’s stock after acquiring an additional 504 shares during the quarter. Gallacher Capital Management LLC’s holdings in ENI were worth $484,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. JFS Wealth Advisors LLC boosted its holdings in ENI by 102.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock valued at $45,000 after purchasing an additional 669 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of ENI in the 1st quarter valued at $74,000. GAMMA Investing LLC grew its position in shares of ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock valued at $75,000 after buying an additional 404 shares during the last quarter. Barometer Capital Management Inc. purchased a new position in shares of ENI in the 4th quarter valued at $119,000. Finally, Toronto Dominion Bank purchased a new stake in ENI in the first quarter valued at $172,000. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Trading Down 1.4 %

NYSE:E opened at $30.96 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42. The stock’s 50 day simple moving average is $31.43 and its 200-day simple moving average is $31.53. Eni S.p.A. has a 12-month low of $28.82 and a 12-month high of $34.30. The firm has a market cap of $52.26 billion, a P/E ratio of 13.34, a PEG ratio of 1.30 and a beta of 0.96.

ENI (NYSE:E) last released its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.14). The firm had revenue of $24.82 billion during the quarter, compared to analyst estimates of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. Equities analysts anticipate that Eni S.p.A. will post 4.16 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on E. Royal Bank of Canada raised ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. Stifel Nicolaus lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Redburn Atlantic raised shares of ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, June 25th. Morgan Stanley upgraded 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 note on Thursday, August 29th. Finally, StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.60.

About ENI

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.