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

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

Other analysts also recently issued reports about the company. Jefferies Financial Group restated a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Morgan Stanley restated 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. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, ENI has an average rating of “Hold” and a consensus price target of $31.60.

ENI Stock Performance

ENI stock traded down $0.30 during midday trading on Wednesday, hitting $27.92. 256,597 shares of the company’s stock were exchanged, compared to its average volume of 265,255. The firm’s 50 day simple moving average is $28.38 and its 200 day simple moving average is $30.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The stock has a market cap of $47.13 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. ENI has a 12-month low of $26.12 and a 12-month high of $33.78.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in E. JPMorgan Chase & Co. lifted its position in shares of ENI by 277.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock valued at $939,000 after acquiring an additional 22,768 shares during the period. Tidal Investments LLC raised its stake in shares of 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 valued at $1,235,000 after buying an additional 3,641 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in ENI by 9.5% in 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 buying an additional 9,700 shares in the last quarter. MML Investors Services LLC increased its stake in ENI by 7.6% in the 3rd quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock worth $247,000 after acquiring an additional 576 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in ENI by 248.5% in 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. 1.18% of the stock is owned by institutional investors.

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.