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

ENI (NYSE:E - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Tuesday.

A number of other research firms also recently weighed in on E. 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. UBS Group downgraded shares of ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, ENI currently has an average rating of "Hold" and an average target price of $31.60.

ENI Stock Performance

NYSE E traded down $0.31 on Tuesday, reaching $28.90. The stock had a trading volume of 366,036 shares, compared to its average volume of 270,111. 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 stock has a market cap of $48.78 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 1.86 and a beta of 0.92. ENI has a 12-month low of $26.12 and a 12-month high of $33.78. The business's 50-day moving average price is $28.36 and its 200 day moving average price is $29.64.

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Hedge Funds Weigh In On ENI

Several institutional investors and hedge funds have recently modified their holdings of E. Creative Planning increased its position in ENI by 21.5% during the third quarter. Creative Planning now owns 56,929 shares of the oil and gas exploration company's stock worth $1,726,000 after purchasing an additional 10,084 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in ENI by 38.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,697 shares of the oil and gas exploration company's stock valued at $233,000 after buying an additional 2,155 shares during the period. Private Advisor Group LLC lifted its position in ENI by 14.8% during the third quarter. Private Advisor Group LLC now owns 16,023 shares of the oil and gas exploration company's stock valued at $486,000 after buying an additional 2,065 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in ENI during the third quarter worth approximately $212,000. Finally, First Trust Direct Indexing L.P. increased its position in shares of ENI by 2.8% in the third quarter. First Trust Direct Indexing L.P. now owns 33,473 shares of the oil and gas exploration company's stock worth $1,015,000 after acquiring an additional 917 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company's stock.

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.