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

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

Several other research analysts have also recently issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a report on Tuesday, October 15th. UBS Group cut ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $31.60 target price (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.60.

ENI Price Performance

Shares of NYSE:E opened at $28.15 on Wednesday. The business has a fifty day moving average price of $27.88 and a 200-day moving average price of $29.93. 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 has a market capitalization of $47.52 billion, a PE ratio of 16.86, a PEG ratio of 1.82 and a beta of 0.93. ENI has a 1-year low of $26.12 and a 1-year high of $33.78.

Institutional Investors Weigh In On ENI

Large investors have recently added to or reduced their stakes in the stock. Natixis Advisors LLC increased its position in shares of ENI by 12.8% during the 3rd quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock valued at $77,179,000 after purchasing an additional 288,968 shares during the last quarter. FMR LLC grew its position in ENI by 33.5% during the third quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock valued at $17,691,000 after buying an additional 146,431 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new stake in ENI during the second quarter valued at approximately $3,141,000. Mediolanum International Funds Ltd bought a new position in ENI in the third quarter worth approximately $1,589,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of ENI during the 2nd quarter worth $1,250,000. 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.