ENI (NYSE:E) Reaches New 1-Year High – Here’s Why

Eni SpA (NYSE:E) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $43.72 and last traded at $43.6910, with a volume of 198665 shares trading hands. The stock had previously closed at $42.85.

Analyst Ratings Changes

Several research analysts have recently weighed in on E shares. UBS Group raised shares of ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. Citigroup reaffirmed a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. JPMorgan Chase & Co. lowered shares of ENI from an “overweight” rating to an “underweight” rating in a research note on Friday, December 5th. Zacks Research downgraded ENI from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $34.60.

ENI Stock Up 2.0%

The firm has a market capitalization of $73.75 billion, a PE ratio of 23.87 and a beta of 0.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 0.98. The company has a 50-day moving average price of $38.86 and a 200 day moving average price of $36.80.

Institutional Investors Weigh In On ENI

Several institutional investors and hedge funds have recently modified their holdings of E. New York State Common Retirement Fund purchased a new position in ENI in the third quarter worth about $2,016,000. RD Lewis Holdings Inc. purchased a new stake in ENI during the second quarter valued at approximately $2,316,000. Trek Financial LLC bought a new stake in shares of ENI in the 3rd quarter valued at approximately $4,128,000. Sequoia Financial Advisors LLC boosted its holdings in shares of ENI by 131.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 29,558 shares of the oil and gas exploration company’s stock worth $958,000 after purchasing an additional 16,804 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of ENI by 25.2% during the 2nd quarter. Fisher Asset Management LLC now owns 143,622 shares of the oil and gas exploration company’s stock valued at $4,656,000 after purchasing an additional 28,926 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

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.