ABC Arbitrage SA Invests $803,000 in Eni S.p.A. (NYSE:E)

ABC Arbitrage SA purchased a new position in Eni S.p.A. (NYSE:E) in the fourth quarter, HoldingsChannel reports. The firm purchased 29,360 shares of the oil and gas exploration company’s stock, valued at approximately $803,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd bought a new stake in shares of ENI in the 4th quarter worth approximately $103,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ENI during the third quarter valued at approximately $212,000. Park Avenue Securities LLC acquired a new stake in shares of ENI during the fourth quarter valued at approximately $216,000. Townsquare Capital LLC acquired a new stake in shares of ENI during the third quarter valued at approximately $231,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of ENI by 38.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,697 shares of the oil and gas exploration company’s stock valued at $233,000 after acquiring an additional 2,155 shares during the period. 1.18% of the stock is currently owned by institutional investors.

ENI Stock Performance

Shares of E opened at $29.32 on Friday. The company’s 50 day moving average price is $27.96 and its 200 day moving average price is $29.77. Eni S.p.A. has a 52 week low of $26.12 and a 52 week high of $33.78. The company has a market capitalization of $49.49 billion, a PE ratio of 17.56, a PEG ratio of 1.85 and a beta of 0.92. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on E shares. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Morgan Stanley restated an “equal weight” rating and set a $31.60 price target (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. Finally, UBS Group downgraded shares of ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.60.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.