5 Large-Cap Stocks Billionaires Like the Least

Page 5 of 5

1. Eni S.p.A. (NYSE:E)

Number of Billionaire Holders: 3

Eni S.p.A. (NYSE:E) is an integrated energy company based in Rome, Italy. It focuses on oil and natural gas exploration, field development and production, as well as the supply, trading and shipping of natural gas, LNG, electricity, and fuels.

On October 27, Eni S.p.A. (NYSE:E) released its financial results for Q3 2023. Its revenue declined by 40% y-o-y to €22.3 billion while net income shrunk by 67% y-o-y to €1.9 billion. The company made dividend payments of €2.3 billion and repurchased €1.0 billion worth of its common shares, during the first nine months of 2023.

Following the earnings release, RBC Capital analyst Ben Hendrix raised the price target for Eni S.p.A. (NYSE:E) shares from $300 to $327 and maintained a ‘Sector Perform’ rating for the shares.

As of Q3 2023, Eni S.p.A. (NYSE:E) shares were held by only 3 of the billionaires tracked by Insider Monkey with a total value of $7.4 million.

You may also like to read 12 Solar Energy Stocks Billionaires Are Piling Into and 10 Beaten Down Stocks Billionaires Are Crazy About

Page 5 of 5