Gallacher Capital Management LLC Raises Stake in Eni S.p.A. (NYSE:E)

Gallacher Capital Management LLC lifted its stake in shares of Eni S.p.A. (NYSE:E) by 3.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,726 shares of the oil and gas exploration company’s stock after purchasing an additional 504 shares during the quarter. Gallacher Capital Management LLC’s holdings in ENI were worth $484,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Raymond James & Associates increased its stake in ENI by 1.0% in the 2nd quarter. Raymond James & Associates now owns 500,182 shares of the oil and gas exploration company’s stock valued at $15,401,000 after purchasing an additional 4,882 shares in the last quarter. Optiver Holding B.V. increased its position in shares of ENI by 365.8% in the fourth quarter. Optiver Holding B.V. now owns 335,353 shares of the oil and gas exploration company’s stock valued at $11,405,000 after buying an additional 263,362 shares in the last quarter. Cambiar Investors LLC raised its stake in shares of ENI by 3.2% during the 2nd quarter. Cambiar Investors LLC now owns 197,960 shares of the oil and gas exploration company’s stock worth $6,095,000 after buying an additional 6,121 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of ENI by 25.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 174,445 shares of the oil and gas exploration company’s stock worth $5,933,000 after buying an additional 34,998 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of ENI in the 2nd quarter worth about $3,764,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Stock Down 1.4 %

E stock opened at $30.96 on Friday. The company has a 50 day moving average price of $31.43 and a two-hundred day moving average price of $31.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.28. The stock has a market capitalization of $52.26 billion, a P/E ratio of 13.34, a PEG ratio of 1.30 and a beta of 0.96. Eni S.p.A. has a one year low of $28.82 and a one year high of $34.30.

ENI (NYSE:E) last announced its quarterly earnings data on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). ENI had a net margin of 4.21% and a return on equity of 11.84%. The business had revenue of $24.82 billion during the quarter, compared to analysts’ expectations of $25.74 billion. As a group, sell-side analysts expect that Eni S.p.A. will post 4.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on E. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Thursday. Stifel Nicolaus cut ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Morgan Stanley raised ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target for the company in a report on Thursday, August 29th. Redburn Atlantic raised ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th. Finally, Royal Bank of Canada upgraded ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.60.

ENI 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.