Callan Capital LLC Buys 2,388 Shares of Eni S.p.A. (NYSE:E)

Callan Capital LLC lifted its holdings in shares of Eni S.p.A. (NYSE:E) by 19.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,902 shares of the oil and gas exploration company’s stock after buying an additional 2,388 shares during the period. Callan Capital LLC’s holdings in ENI were worth $408,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of E. Allworth Financial LP increased its holdings in ENI by 30.5% in the 4th quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock worth $70,000 after purchasing an additional 581 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of ENI during the 4th quarter valued at about $803,000. R Squared Ltd bought a new stake in shares of ENI during the 4th quarter valued at about $103,000. Blue Trust Inc. boosted its holdings in ENI by 22.9% in the fourth quarter. Blue Trust Inc. now owns 23,445 shares of the oil and gas exploration company’s stock worth $711,000 after acquiring an additional 4,375 shares in the last quarter. Finally, Ballentine Partners LLC bought a new position in ENI in the fourth quarter worth approximately $235,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Stock Performance

NYSE:E opened at $29.05 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. Eni S.p.A. has a 52-week low of $26.12 and a 52-week high of $33.78. The firm has a market cap of $49.04 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.86 and a beta of 0.92. The business’s fifty day moving average is $28.09 and its 200 day moving average is $29.69.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on E shares. UBS Group lowered ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. StockNews.com raised ENI from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $31.60 price objective (down from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ENI has a consensus rating of “Hold” and a consensus target price of $31.60.

ENI 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.