ENI (NYSE:E) Receives Equal Weight Rating from Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of ENI (NYSE:E) in a research report sent to investors on Tuesday, MarketBeat reports. They currently have a $31.60 price objective on the oil and gas exploration company’s stock, down from their prior price objective of $37.50.

Several other analysts have also commented on E. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, ENI presently has an average rating of “Hold” and a consensus target price of $31.60.

ENI Stock Performance

NYSE:E opened at $28.22 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $28.38 and a 200 day moving average price of $30.22. The firm has a market capitalization of $47.63 billion, a PE ratio of 16.90, 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 Investors Weigh In On ENI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Natixis Advisors LLC grew its stake in shares of ENI by 12.8% during the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock valued at $77,179,000 after purchasing an additional 288,968 shares during the last quarter. FMR LLC boosted its position in ENI by 33.5% in the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock valued at $17,691,000 after buying an additional 146,431 shares during the last quarter. Raymond James & Associates boosted its position in ENI by 0.7% in the 3rd quarter. Raymond James & Associates now owns 503,920 shares of the oil and gas exploration company’s stock valued at $15,274,000 after buying an additional 3,738 shares during the last quarter. American Century Companies Inc. increased its stake in shares of ENI by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 333,308 shares of the oil and gas exploration company’s stock valued at $10,263,000 after buying an additional 22,695 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of ENI during the second quarter worth $6,875,000. 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.