ENI (NYSE:E) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of ENI (NYSE:E) from a buy rating to a hold rating in a report released on Tuesday morning.

Other research analysts have also recently issued reports about the stock. UBS Group cut shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $31.60 target price (down from $37.50) on shares of ENI in a report on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $31.60.

ENI Stock Performance

Shares of E opened at $29.68 on Tuesday. ENI has a 12-month low of $26.12 and a 12-month high of $33.78. The firm’s 50 day moving average is $28.19 and its 200-day moving average is $29.66. The stock has a market capitalization of $50.10 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.86 and a beta of 0.92. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07.

Hedge Funds Weigh In On ENI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its position in ENI by 125.1% during the third quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company’s stock valued at $1,460,000 after acquiring an additional 26,646 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in ENI by 100.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company’s stock valued at $2,158,000 after acquiring an additional 35,730 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of ENI by 277.5% in the third quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock valued at $939,000 after purchasing an additional 22,768 shares during the period. Stifel Financial Corp raised its position in shares of ENI by 248.5% in the third quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock valued at $1,106,000 after purchasing an additional 26,013 shares during the period. Finally, ABC Arbitrage SA bought a new position in shares of ENI in the fourth quarter valued at approximately $803,000. Institutional investors own 1.18% of the company’s stock.

ENI Company 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.