Eni Stock Soars 1.18% Amid Geopolitical Tensions

Eni Spa's stock price surged to its highest level since August 2024 today, with an intraday gain of 1.18%.

The strategy of buying E shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -3.78%, significantly underperforming the market. This indicates that relying on recent highs as a timing cue and holding for a short duration is not a reliable strategy, as it not only failed to match the market's performance but also resulted in negative returns. The volatility and lack of consistent positive performance highlight the risks and limitations of this approach.

Eni S.p.A. is closely monitoring the security situation in Iraq following the evacuation of the U.S. embassy. Despite regional instability, Eni has maintained operations at the Zubair oilfield, a key asset in Iraq's oil sector, without disruption. This geopolitical tension poses potential risks to Eni's operations, which may impact investor confidence and stock performance.

GAMMA Investing LLC has significantly increased its holdings in Eni S.p.A., which is reported to be by 5,369.9% in the first quarter. This substantial increase in stock position might positively affect Eni's stock price by reflecting investor confidence and interest.

On June 12, 2025, Eni inaugurated the Yasika logistics platform in Congo, which aims to support the country's energy development. This strategic move could enhance Eni's operational capabilities and influence its stock valuation positively.

On June 9, 2025, RBC Capital analyst Biraj Borkhataria maintained a Buy rating on Eni S.p.A. with a price target of €18.00, highlighting positive sentiment and potential upside for Eni's stock.