Flatrock Wealth Partners LLC Invests $622,000 in Eni SpA $E

Flatrock Wealth Partners LLC purchased a new stake in shares of Eni SpA (NYSE:E) during the first quarter, Holdings Channel reports. The fund purchased 10,876 shares of the oil and gas exploration company’s stock, valued at approximately $622,000.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in ENI by 52.9% during the third quarter. JPMorgan Chase & Co. now owns 69,354 shares of the oil and gas exploration company’s stock worth $2,424,000 after buying an additional 24,006 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of ENI in the fourth quarter worth about $923,000. Capital Wealth Planning LLC bought a new stake in shares of ENI during the 3rd quarter worth about $5,106,000. Newbridge Financial Services Group Inc. boosted its stake in shares of ENI by 408.4% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 26,640 shares of the oil and gas exploration company’s stock worth $1,011,000 after acquiring an additional 21,400 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of ENI by 33.2% during the 3rd quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock valued at $22,259,000 after acquiring an additional 158,699 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors.

ENI Trading Up 2.2%

Shares of E stock opened at $47.51 on Wednesday. The firm has a market capitalization of $80.20 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 0.25 and a beta of 0.40. Eni SpA has a 1 year low of $32.71 and a 1 year high of $58.00. The firm’s fifty day simple moving average is $52.18 and its 200 day simple moving average is $48.12. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.

ENI (NYSE:E) last posted its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. The company had revenue of $23.22 billion for the quarter. As a group, sell-side analysts predict that Eni SpA will post 5.63 EPS for the current year.

Analysts Set New Price Targets

E has been the subject of several analyst reports. Rothschild & Co Redburn upgraded ENI from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th. Zacks Research lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Dbs Bank upgraded shares of ENI from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 28th. Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Royal Bank Of Canada raised their target price on shares of ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.30.

Key ENI News

Here are the key news stories impacting ENI this week:

• Positive Sentiment: Eni is deepening its critical-minerals strategy with a $225 million investment in EnergyX’s Chile lithium project, which could secure access to future battery-material supply and support its energy-transition ambitions.
• Positive Sentiment: Construction has begun on Eni’s Brindisi gigafactory / LFP battery plant in Italy, signaling tangible execution in its downstream battery-storage expansion and giving investors another growth avenue beyond hydrocarbons.
• Positive Sentiment: Eni let a subsea contract for Baleine Phase 3 offshore Côte d’Ivoire, a sign that the company is advancing a major producing asset that could add future output and cash flow. Article: Eni lets subsea contract for Baleine Phase 3 development offshore Côte d’Ivoire
• Positive Sentiment: Reports also say Eni is moving ahead with another contract tied to Ivory Coast development and is shopping for a key subsea supplier on a new Nigeria FPSO project, reinforcing that near-term project activity remains active across its portfolio. Article: Eni sparks hunt for key subsea supplier on new Nigeria FPSO project
• Neutral Sentiment: Eni also unveiled a fusion-energy joint venture with UKAEA, which is strategically interesting but unlikely to affect near-term earnings. Article: Eni & UKAEA Partner to Unlock Fusion Energy Growth Through RH3OVA JV
• Neutral Sentiment: Market commentary about Eni’s lithium push and broader energy-transition investments is adding to the stock’s positive tone, but those projects remain longer-dated and execution-dependent.

About ENI

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.