Eni S.p.A. (NYSE:E) Shares Bought by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. raised its position in Eni S.p.A. (NYSE:E) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,473 shares of the oil and gas exploration company’s stock after purchasing an additional 917 shares during the period. First Trust Direct Indexing L.P.’s holdings in ENI were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of E. Allspring Global Investments Holdings LLC purchased a new position in shares of ENI during the 1st quarter worth approximately $74,000. GAMMA Investing LLC raised its stake in ENI by 19.8% during the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after purchasing an additional 404 shares during the period. Toronto Dominion Bank purchased a new position in shares of ENI in the 1st quarter valued at $172,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of ENI in the 3rd quarter valued at $212,000. Finally, Pitcairn Co. purchased a new position in shares of ENI in the 1st quarter valued at $218,000. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Trading Down 0.4 %

Shares of E stock opened at $30.30 on Friday. Eni S.p.A. has a 52-week low of $28.82 and a 52-week high of $34.30. The stock has a market cap of $51.15 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 1.29 and a beta of 0.96. 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 firm has a fifty day moving average of $31.21 and a 200-day moving average of $31.28.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on E shares. BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Sanford C. Bernstein lowered ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Royal Bank of Canada raised shares of ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 29th. Finally, StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Friday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.60.

About ENI

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.