JPMorgan Chase & Co. Has $939,000 Stock Position in Eni S.p.A. (NYSE:E)

JPMorgan Chase & Co. raised its position in Eni S.p.A. (NYSE:E) by 277.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 30,974 shares of the oil and gas exploration company’s stock after purchasing an additional 22,768 shares during the period. JPMorgan Chase & Co.’s holdings in ENI were worth $939,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. HighTower Advisors LLC raised its stake in shares of ENI by 125.1% in the third quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company’s stock valued at $1,460,000 after acquiring an additional 26,646 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in ENI by 100.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company’s stock valued at $2,158,000 after purchasing an additional 35,730 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in ENI in the second quarter worth $3,079,000. Stifel Financial Corp increased its stake in shares of ENI by 248.5% in the third quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock valued at $1,106,000 after buying an additional 26,013 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of ENI by 24,141.0% in the third quarter. BNP Paribas Financial Markets now owns 9,454 shares of the oil and gas exploration company’s stock valued at $287,000 after buying an additional 9,415 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Stock Performance

Shares of E stock opened at $28.10 on Friday. The stock has a 50-day moving average of $27.96 and a 200-day moving average of $30.00. Eni S.p.A. has a one year low of $26.12 and a one year high of $33.78. The stock has a market cap of $47.43 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 1.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07.

ENI (NYSE:E) last posted its earnings results on Friday, October 25th. The oil and gas exploration company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.03). ENI had a return on equity of 11.03% and a net margin of 2.76%. The firm had revenue of $23.10 billion during the quarter, compared to analyst estimates of $23.40 billion. As a group, sell-side analysts expect that Eni S.p.A. will post 3.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

E has been the subject of several research reports. UBS Group cut shares of ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Morgan Stanley reiterated an “equal weight” rating and issued a $31.60 price objective (down from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group restated a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ENI currently has an average rating of “Hold” and a consensus price target 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.