Trek Financial LLC Acquires Shares of 118,111 Eni SpA $E

Trek Financial LLC bought a new stake in shares of Eni SpA (NYSE:E) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 118,111 shares of the oil and gas exploration company’s stock, valued at approximately $4,128,000.

Other large investors also recently bought and sold shares of the company. NewSquare Capital LLC increased its holdings in shares of ENI by 179.3% in the second quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 588 shares during the last quarter. MAI Capital Management boosted its stake in shares of ENI by 2,488.4% in the second quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock valued at $36,000 after purchasing an additional 1,070 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of ENI by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company’s stock worth $49,000 after acquiring an additional 750 shares in the last quarter. Farther Finance Advisors LLC grew its stake in ENI by 84.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,525 shares of the oil and gas exploration company’s stock worth $53,000 after purchasing an additional 696 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in shares of ENI during the second quarter worth approximately $139,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

E has been the subject of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of ENI in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a report on Wednesday. Wall Street Zen cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Monday, January 12th. HSBC downgraded ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. lowered ENI from an “overweight” rating to an “underweight” rating in a research note on Friday, December 5th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.60.

ENI Stock Performance

Shares of NYSE E traded up $1.12 during midday trading on Friday, hitting $39.90. The company’s stock had a trading volume of 250,574 shares, compared to its average volume of 275,995. The firm’s fifty day moving average price is $37.76 and its 200-day moving average price is $36.04. The firm has a market cap of $65.46 billion, a P/E ratio of 21.80 and a beta of 0.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. Eni SpA has a 1-year low of $24.65 and a 1-year high of $39.98.

ENI (NYSE:E) last released its quarterly earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.17. The company had revenue of $24.11 billion during the quarter, compared to analysts’ expectations of $19.88 billion. ENI had a return on equity of 8.53% and a net margin of 3.20%. On average, sell-side analysts forecast that Eni SpA will post 3.74 EPS for the current fiscal year.

ENI Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.