ENI (NYSE:E) Downgraded to Hold Rating by StockNews.com

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

E has been the subject of several other research reports. Morgan Stanley reissued an “equal weight” rating and set a $31.60 price target (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. UBS Group downgraded shares of ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, ENI has a consensus rating of “Hold” and a consensus price target of $31.60.

ENI Price Performance

Shares of NYSE E opened at $28.00 on Wednesday. ENI has a 1 year low of $26.12 and a 1 year high of $33.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The company’s 50-day moving average is $27.91 and its 200 day moving average is $29.95. The stock has a market capitalization of $47.25 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.82 and a beta of 0.93.

Institutional Trading of ENI

Institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC increased its holdings in shares of ENI by 125.1% in the 3rd quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company’s stock worth $1,460,000 after buying an additional 26,646 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of ENI by 100.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company’s stock worth $2,158,000 after purchasing an additional 35,730 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of ENI by 277.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock worth $939,000 after purchasing an additional 22,768 shares during the period. Stifel Financial Corp boosted its stake in shares of ENI by 248.5% during the 3rd quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock worth $1,106,000 after purchasing an additional 26,013 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of ENI by 24,141.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,454 shares of the oil and gas exploration company’s stock worth $287,000 after purchasing an additional 9,415 shares during the period. 1.18% of the stock is currently owned by institutional investors.

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.