Eni S.p.A. (NYSE:E) Given Average Rating of “Hold” by Analysts

Shares of Eni S.p.A. (NYSE:E) have been given an average recommendation of “Hold” by the nine analysts that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $31.60.

E has been the topic of several recent research reports. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a research report on Wednesday. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $31.60 target price (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. Sanford C. Bernstein downgraded shares of ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, UBS Group cut shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th.

Institutional Trading of ENI

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. increased its position in shares of ENI by 7.3% in the second quarter. American Century Companies Inc. now owns 333,308 shares of the oil and gas exploration company’s stock valued at $10,263,000 after acquiring an additional 22,695 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in ENI by 6.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,245 shares of the oil and gas exploration company’s stock valued at $315,000 after purchasing an additional 645 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in ENI by 8.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 196,196 shares of the oil and gas exploration company’s stock worth $6,041,000 after buying an additional 15,039 shares during the period. Sei Investments Co. grew its position in shares of ENI by 11.2% in the 2nd quarter. Sei Investments Co. now owns 8,177 shares of the oil and gas exploration company’s stock worth $252,000 after buying an additional 823 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of ENI by 5.2% during the second quarter. Evergreen Capital Management LLC now owns 12,753 shares of the oil and gas exploration company’s stock valued at $393,000 after buying an additional 626 shares during the period. Institutional investors own 1.18% of the company’s stock.

ENI Trading Up 0.7 %

NYSE:E opened at $28.96 on Friday. ENI has a 12 month low of $26.12 and a 12 month high of $33.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average is $28.07 and its 200 day moving average is $30.10. The stock has a market capitalization of $48.88 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93.

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.