Eni SpA (NYSE:E) Receives Average Rating of “Hold” from Analysts

Eni SpA (NYSE:E) has earned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $34.60.

E has been the topic of several recent research reports. JPMorgan Chase & Co. cut ENI from an “overweight” rating to an “underweight” rating in a research report on Friday, December 5th. Zacks Research cut ENI from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Wall Street Zen downgraded ENI from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. Citigroup reiterated a “neutral” rating on shares of ENI in a report on Tuesday, November 4th. Finally, HSBC lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, October 28th.

ENI Stock Up 0.5%

NYSE E opened at $41.75 on Thursday. The firm’s 50 day moving average price is $38.35 and its 200-day moving average price is $36.50. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37. ENI has a 52-week low of $24.65 and a 52-week high of $42.03.

Hedge Funds Weigh In On ENI

Several institutional investors and hedge funds have recently bought and sold shares of the company. Natixis Advisors LLC grew its position in ENI by 6.6% during the 3rd quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after purchasing an additional 192,646 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of ENI by 33.2% in the third quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock worth $22,259,000 after buying an additional 158,699 shares during the last quarter. Capital Wealth Planning LLC acquired a new stake in shares of ENI during the third quarter worth $5,106,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ENI during the second quarter valued at $3,982,000. Finally, Trek Financial LLC acquired a new position in shares of ENI in the 3rd quarter valued at $4,128,000. 1.18% of the stock is owned by hedge funds and other institutional investors.

About ENI

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.