ENI (NYSE:E) Stock Rating Lowered by StockNews.com

ENI (NYSE:E) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

E has been the subject of a number of other research reports. BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Morgan Stanley restated an “equal weight” rating and issued a $31.60 price target (down previously from $37.50) on shares of ENI in a research note on Tuesday. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Finally, Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, ENI presently has an average rating of “Hold” and a consensus target price of $31.60.

ENI Stock Performance

Shares of NYSE:E traded up $0.03 during trading on Tuesday, hitting $28.22. 327,135 shares of the stock traded hands, compared to its average volume of 278,834. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average price of $28.38 and a two-hundred day moving average price of $30.22. ENI has a 52-week low of $26.12 and a 52-week high of $33.78. The company has a market cap of $47.63 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.68 and a beta of 0.93.

Institutional Investors Weigh In On ENI

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of ENI by 25.9% in the third quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock valued at $93,000 after buying an additional 633 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of ENI during the 3rd quarter worth approximately $212,000. Townsquare Capital LLC purchased a new stake in shares of ENI in the third quarter valued at approximately $231,000. Allspring Global Investments Holdings LLC increased its holdings in shares of ENI by 38.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,697 shares of the oil and gas exploration company’s stock valued at $233,000 after purchasing an additional 2,155 shares during the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new position in ENI during the third quarter worth approximately $239,000. 1.18% of the stock is currently owned by hedge funds and other 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.