Eni SpA (NYSE:E) Given Consensus Rating of “Hold” by Brokerages

Shares of Eni SpA (NYSE:E) have received an average rating of “Hold” from the twelve brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $34.60.

Several research firms have weighed in on E. Citigroup reissued a “neutral” rating on shares of ENI in a report on Tuesday, November 4th. Zacks Research downgraded ENI from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. HSBC lowered ENI from a “buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. downgraded ENI from an “overweight” rating to an “underweight” rating in a report on Friday, December 5th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of ENI by 2.1% in the first quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock valued at $2,141,000 after buying an additional 1,420 shares during the period. AQR Capital Management LLC raised its holdings in ENI by 3.4% in the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after acquiring an additional 495 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in ENI by 16.2% in the 2nd quarter. Bleakley Financial Group LLC now owns 23,292 shares of the oil and gas exploration company’s stock valued at $755,000 after acquiring an additional 3,241 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of ENI by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,284 shares of the oil and gas exploration company’s stock valued at $366,000 after acquiring an additional 326 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of ENI by 100.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company’s stock worth $49,000 after purchasing an additional 750 shares in the last quarter. 1.18% of the stock is owned by institutional investors.

ENI Stock Up 0.7%

NYSE:E opened at $44.14 on Monday. The firm’s fifty day moving average price is $39.71 and its two-hundred day moving average price is $37.28. ENI has a one year low of $24.65 and a one year high of $44.20. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37.

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.