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 research report released on Tuesday.

Other research analysts also recently issued reports about the company. UBS Group downgraded ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Jefferies Financial Group restated a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. Finally, 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 note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.60.

ENI Stock Up 0.5 %

NYSE:E opened at $29.13 on Tuesday. 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 company has a market cap of $49.18 billion, a PE ratio of 17.45, a PEG ratio of 1.85 and a beta of 0.92. ENI has a 52-week low of $26.12 and a 52-week high of $33.78. The stock has a 50-day simple moving average of $27.92 and a 200 day simple moving average of $29.79.

Institutional Trading of ENI

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP lifted its holdings in ENI by 30.5% during the 4th quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock worth $70,000 after purchasing an additional 581 shares during the last quarter. GAMMA Investing LLC lifted its holdings in ENI by 25.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock worth $93,000 after purchasing an additional 633 shares during the last quarter. R Squared Ltd acquired a new stake in ENI during the 4th quarter worth approximately $103,000. Jones Financial Companies Lllp lifted its holdings in ENI by 93.4% during the 4th quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company’s stock worth $122,000 after purchasing an additional 2,149 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in ENI by 7.1% during 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 purchasing an additional 484 shares during the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

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.