SouthState Corp reduced its stake in Eni S.p.A. (NYSE:E) by 18.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,292 shares of the oil and gas exploration company’s stock after selling 2,049 shares during the period. SouthState Corp’s holdings in ENI were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of E. Liberty Wealth Management LLC grew its position in ENI by 2,339.3% in the 2nd quarter. Liberty Wealth Management LLC now owns 683 shares of the oil and gas exploration company’s stock valued at $28,000 after purchasing an additional 655 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in shares of ENI during the second quarter valued at about $149,000. Raymond James Trust N.A. bought a new position in shares of ENI in the third quarter worth approximately $204,000. Moors & Cabot Inc. bought a new position in shares of ENI in the third quarter worth approximately $251,000. Finally, Corient Capital Partners LLC purchased a new stake in ENI in the second quarter worth approximately $268,000. Institutional investors own 1.12% of the company’s stock.
A number of brokerages recently commented on E. Societe Generale restated a “buy” rating on shares of ENI in a report on Tuesday, November 2nd. Zacks Investment Research downgraded ENI from a “strong-buy” rating to a “hold” rating and set a $28.00 price target for the company. in a report on Wednesday, December 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ENI in a research report on Tuesday, November 2nd. Sanford C. Bernstein raised ENI from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 4th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ENI in a research report on Tuesday, November 9th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $40.60.
ENI (NYSE:E) last issued its quarterly earnings data on Friday, October 29th. The oil and gas exploration company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.21. ENI had a return on equity of 6.85% and a net margin of 2.53%. The company had revenue of $22.70 billion for the quarter. Sell-side analysts expect that Eni S.p.A. will post 3.01 earnings per share for the current year.
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, Eni gas e luce, Power & Renewables, and Corporate and Other Activities.
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