Massachusetts Financial Services Co. MA Buys 10,535 Shares of Eni S.p.A. (NYSE:E)

Massachusetts Financial Services Co. MA grew its stake in Eni S.p.A. (NYSE:E) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 206,731 shares of the oil and gas exploration company’s stock after purchasing an additional 10,535 shares during the period. Massachusetts Financial Services Co. MA’s holdings in ENI were worth $6,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of E. Toronto Dominion Bank bought a new stake in ENI during the 1st quarter worth approximately $172,000. GAMMA Investing LLC grew its position in ENI by 19.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after acquiring an additional 404 shares during the last quarter. Simplicity Wealth LLC grew its position in ENI by 12.2% during the 2nd quarter. Simplicity Wealth LLC now owns 17,209 shares of the oil and gas exploration company’s stock worth $530,000 after acquiring an additional 1,873 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in ENI during the 2nd quarter worth approximately $3,764,000. Finally, Blue Trust Inc. grew its position in ENI by 108.4% during the 2nd quarter. Blue Trust Inc. now owns 12,854 shares of the oil and gas exploration company’s stock worth $408,000 after acquiring an additional 6,687 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors.

ENI Stock Performance

E stock opened at $28.12 on Wednesday. The business’s fifty day moving average is $30.50 and its 200-day moving average is $30.93. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a market cap of $47.47 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 1.27 and a beta of 0.95. Eni S.p.A. has a twelve month low of $28.03 and a twelve month high of $34.30.

Analysts Set New Price Targets

A number of equities research analysts recently commented on E shares. Morgan Stanley upgraded ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a research report on Thursday, August 29th. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Sanford C. Bernstein lowered ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, ENI has an average rating of “Moderate Buy” and a consensus target price 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.