ENI (NYSE:E) Rating Lowered to "Neutral" at Redburn Atlantic

ENI (NYSE:E - Get Free Report) was downgraded by equities researchers at Redburn Atlantic from a "buy" rating to a "neutral" rating in a report issued on Wednesday,Briefing.com Automated Import reports.

Several other brokerages also recently issued reports on E. UBS Group downgraded ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, January 8th. Morgan Stanley reissued an "equal weight" rating and set a $31.60 target price (down previously from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Finally, StockNews.com downgraded shares of ENI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $31.60.

ENI Stock Performance

Shares of E opened at $28.44 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. ENI has a 12-month low of $24.65 and a 12-month high of $33.30. The business's fifty day moving average price is $29.04 and its 200 day moving average price is $28.92. The stock has a market capitalization of $48.00 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.86 and a beta of 0.73.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in E. Northern Trust Corp grew its holdings in shares of ENI by 42.3% in the 4th quarter. Northern Trust Corp now owns 734,368 shares of the oil and gas exploration company's stock worth $20,092,000 after acquiring an additional 218,391 shares during the last quarter. Brandes Investment Partners LP raised its holdings in ENI by 13.1% during the 4th quarter. Brandes Investment Partners LP now owns 606,769 shares of the oil and gas exploration company's stock worth $16,601,000 after buying an additional 70,507 shares during the period. Raymond James Financial Inc. purchased a new stake in ENI during the fourth quarter valued at about $14,233,000. American Century Companies Inc. boosted its holdings in shares of ENI by 10.0% in the fourth quarter. American Century Companies Inc. now owns 388,578 shares of the oil and gas exploration company's stock worth $10,631,000 after buying an additional 35,363 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of ENI by 215.8% during the fourth quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company's stock valued at $8,952,000 after acquiring an additional 223,597 shares during the period. Institutional investors and hedge funds 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.

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