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

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

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

ENI Stock Performance

Shares of NYSE:E opened at $27.97 on Tuesday. The firm has a fifty day simple moving average of $28.33 and a two-hundred day simple moving average of $30.20. ENI has a 52 week low of $26.12 and a 52 week high of $33.78. 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 stock has a market capitalization of $47.21 billion, a P/E ratio of 16.75, a PEG ratio of 1.68 and a beta of 0.93.

Institutional Trading of ENI

A number of large investors have recently made changes to their positions in E. HighTower Advisors LLC increased its holdings in ENI by 125.1% during 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 purchasing an additional 26,646 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of ENI by 100.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company’s stock valued at $2,158,000 after buying an additional 35,730 shares during the period. Lighthouse Investment Partners LLC bought a new stake in shares of ENI in the second quarter valued at about $3,079,000. Stifel Financial Corp lifted its stake in ENI by 248.5% in the third quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock worth $1,106,000 after acquiring an additional 26,013 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in 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 acquiring an additional 9,415 shares in the last quarter. 1.18% of the stock is 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.