UBS Group Downgrades ENI (NYSE:E) to Neutral

ENI (NYSE:E) was downgraded by stock analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, MarketBeat reports.

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

ENI Stock Down 0.9 %

ENI stock opened at $27.97 on Wednesday. The company has a fifty day simple moving average of $28.28 and a 200 day simple moving average of $30.19. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. ENI has a 1-year low of $26.12 and a 1-year high of $33.78. The company 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.

Institutional Trading of ENI

A number of hedge funds and other institutional investors have recently modified their holdings of E. HighTower Advisors LLC increased its stake in shares of ENI by 125.1% in the third quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company’s stock valued at $1,460,000 after buying an additional 26,646 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in ENI by 100.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company’s stock worth $2,158,000 after acquiring an additional 35,730 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in ENI in the 2nd quarter valued at approximately $3,079,000. Stifel Financial Corp raised its stake in shares of ENI by 248.5% during the third quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock valued at $1,106,000 after acquiring an additional 26,013 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of ENI by 24,141.0% during the third quarter. BNP Paribas Financial Markets now owns 9,454 shares of the oil and gas exploration company’s stock worth $287,000 after purchasing an additional 9,415 shares during the period. Institutional investors own 1.18% of the company’s stock.

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.