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

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

A number of other research analysts also recently commented on the stock. UBS Group downgraded shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Morgan Stanley restated an “equal weight” rating and issued a $31.60 price target (down from $37.50) on shares of ENI in a research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $31.60.

ENI Trading Up 1.3 %

NYSE 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 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 $50.10 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.86 and a beta of 0.92. The company’s fifty day moving average price is $28.19 and its two-hundred day moving average price is $29.66.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Caprock Group LLC increased its holdings in shares of ENI by 3.9% in the 3rd quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company’s stock worth $279,000 after acquiring an additional 336 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of ENI by 7.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company’s stock worth $201,000 after acquiring an additional 484 shares during the period. Corient Private Wealth LLC increased its holdings in shares of ENI by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 49,250 shares of the oil and gas exploration company’s stock worth $1,347,000 after acquiring an additional 488 shares during the period. Signaturefd LLC increased its holdings in shares of ENI by 2.1% in the 4th quarter. Signaturefd LLC now owns 26,189 shares of the oil and gas exploration company’s stock worth $717,000 after acquiring an additional 532 shares during the period. Finally, MML Investors Services LLC increased its holdings in shares of ENI by 7.6% in the 3rd quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock worth $247,000 after acquiring an additional 576 shares during the period. 1.18% of the stock is currently owned by institutional investors.

About ENI

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.