ENI (NYSE:E) Upgraded at StockNews.com

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

Other analysts also recently issued reports about the company. Sanford C. Bernstein downgraded ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Jefferies Financial Group restated a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley restated 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, January 7th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, ENI presently has a consensus rating of “Hold” and an average price target of $31.60.

ENI Trading Up 0.7 %

NYSE E opened at $28.96 on Wednesday. The firm’s fifty day moving average is $28.09 and its two-hundred day moving average is $30.11. ENI has a one year low of $26.12 and a one year high of $33.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The firm has a market cap of $48.88 billion, a PE ratio of 17.34, a P/E/G ratio of 1.90 and a beta of 0.93.

Institutional Investors Weigh In On ENI

A number of hedge funds and other institutional investors have recently modified their holdings of E. American Century Companies Inc. grew its stake in ENI by 7.3% in the 2nd 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 last quarter. Parallel Advisors LLC lifted its holdings in shares of ENI by 9.2% in the second quarter. Parallel Advisors LLC now owns 13,939 shares of the oil and gas exploration company’s stock valued at $429,000 after purchasing an additional 1,177 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of ENI by 6.7% in the second 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 last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of ENI by 8.3% during 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 purchasing an additional 15,039 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of ENI by 11.2% during the 2nd quarter. Sei Investments Co. now owns 8,177 shares of the oil and gas exploration company’s stock worth $252,000 after purchasing an additional 823 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

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.