Eni S.p.A. (NYSE:E) Stake Lifted by Flynn Zito Capital Management LLC

Flynn Zito Capital Management LLC increased its position in shares of Eni S.p.A. (NYSE:E) by 19.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,992 shares of the oil and gas exploration company’s stock after buying an additional 1,439 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in ENI were worth $246,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Todd Asset Management LLC increased its position in shares of ENI by 4.7% during the 4th quarter. Todd Asset Management LLC now owns 117,000 shares of the oil and gas exploration company’s stock valued at $3,201,000 after purchasing an additional 5,300 shares during the period. Bank of New York Mellon Corp boosted its stake in ENI by 9.4% during the fourth quarter. Bank of New York Mellon Corp now owns 42,546 shares of the oil and gas exploration company’s stock valued at $1,164,000 after buying an additional 3,667 shares in the last quarter. Callan Capital LLC grew its holdings in ENI by 19.1% during the fourth quarter. Callan Capital LLC now owns 14,902 shares of the oil and gas exploration company’s stock worth $408,000 after acquiring an additional 2,388 shares during the period. Allworth Financial LP raised its position in ENI by 30.5% in the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock worth $70,000 after acquiring an additional 581 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new stake in ENI in the 4th quarter valued at about $803,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $31.60 price objective (down previously from $37.50) on shares of ENI in a research note on Tuesday, January 7th. UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Finally, StockNews.com downgraded ENI from a “buy” rating to a “hold” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $31.60.

ENI Stock Up 0.9 %

E stock opened at $29.90 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The firm has a market capitalization of $50.47 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.86 and a beta of 0.92. Eni S.p.A. has a 52-week low of $26.12 and a 52-week high of $33.78. The company’s 50 day simple moving average is $28.25 and its 200-day simple moving average is $29.66.

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.