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

ENI (NYSE:E) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Other research analysts have also issued reports about the stock. Morgan Stanley restated an “equal weight” rating and set a $31.60 target price (down from $37.50) on shares of ENI in a research report on Tuesday, January 7th. UBS Group lowered ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, ENI presently has a consensus rating of “Hold” and a consensus target price of $31.60.

ENI Price Performance

Shares of NYSE E traded up $0.38 during trading on Tuesday, hitting $29.68. 230,893 shares of the company were exchanged, compared to its average volume of 263,755. 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 1 year low of $26.12 and a 1 year high of $33.78. The company has a market cap of $50.10 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.86 and a beta of 0.92. The firm’s fifty day moving average price is $28.19 and its 200 day moving average price is $29.66.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Natixis Advisors LLC increased its position in ENI by 12.8% during the 3rd quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock worth $77,179,000 after purchasing an additional 288,968 shares in the last quarter. Northern Trust Corp boosted its stake in shares of ENI by 42.3% during 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 purchasing an additional 218,391 shares during the last quarter. Brandes Investment Partners LP grew its holdings in shares of ENI by 13.1% during the fourth 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 in the last quarter. FMR LLC raised its position in shares of ENI by 33.5% in the third quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock valued at $17,691,000 after buying an additional 146,431 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of ENI during the fourth quarter valued at approximately $14,233,000. 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.