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

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

A number of other research analysts also recently weighed in on the company. UBS Group downgraded ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Morgan Stanley reiterated an “equal weight” rating and set a $31.60 price target (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ENI currently has a consensus rating of “Hold” and a consensus target price of $31.60.

ENI Trading Up 0.9 %

ENI stock opened at $29.90 on Tuesday. ENI has a one year low of $26.12 and a one year high of $33.78. The company’s fifty day moving average price is $28.25 and its two-hundred day moving average price is $29.66. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The company has a market capitalization of $50.47 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.86 and a beta of 0.92.

Institutional Investors Weigh In On ENI

Hedge funds and other institutional investors have recently modified their holdings of the stock. Forum Financial Management LP lifted its stake in shares of ENI by 55.0% in the fourth quarter. Forum Financial Management LP now owns 28,823 shares of the oil and gas exploration company’s stock valued at $789,000 after buying an additional 10,223 shares during the period. Millennium Management LLC lifted its position in shares of ENI by 215.8% in the 4th quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company’s stock worth $8,952,000 after acquiring an additional 223,597 shares during the period. Graham Capital Management L.P. lifted its position in shares of ENI by 63.9% in the 4th quarter. Graham Capital Management L.P. now owns 33,697 shares of the oil and gas exploration company’s stock worth $922,000 after acquiring an additional 13,135 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of ENI during the 4th quarter worth approximately $2,999,000. Finally, BNP Paribas Financial Markets increased its position in shares of ENI by 57.5% during the fourth quarter. BNP Paribas Financial Markets now owns 14,890 shares of the oil and gas exploration company’s stock valued at $407,000 after purchasing an additional 5,436 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.