ENI (NYSE:E) Downgraded to Neutral Rating by UBS Group

UBS Group lowered shares of ENI (NYSE:E) from a buy rating to a neutral rating in a research note issued to investors on Wednesday, Marketbeat.com reports.

Several other analysts have also recently weighed in on E. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Morgan Stanley restated an “equal weight” rating and issued a $31.60 price target (down previously from $37.50) on shares of ENI in a research note on Tuesday. Sanford C. Bernstein downgraded ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. StockNews.com downgraded ENI from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.60.

ENI Trading Down 0.9 %

NYSE E opened at $27.97 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. ENI has a fifty-two week low of $26.12 and a fifty-two week high of $33.78. The stock has a market cap of $47.21 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. The stock has a 50 day simple moving average of $28.33 and a two-hundred day simple moving average of $30.20.

Institutional Trading of ENI

A number of large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of ENI by 277.5% in the third quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock worth $939,000 after acquiring an additional 22,768 shares during the period. Tidal Investments LLC boosted its position in ENI by 9.8% in the third quarter. Tidal Investments LLC now owns 40,744 shares of the oil and gas exploration company’s stock worth $1,235,000 after purchasing an additional 3,641 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of ENI by 9.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 111,700 shares of the oil and gas exploration company’s stock valued at $3,386,000 after purchasing an additional 9,700 shares during the period. MML Investors Services LLC increased its position in shares of ENI by 7.6% during the 3rd quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock valued at $247,000 after purchasing an additional 576 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of ENI by 248.5% in the 3rd quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock worth $1,106,000 after purchasing an additional 26,013 shares during the period. 1.18% of the stock is currently owned by institutional investors.

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.