ENI (NYSE:E) Cut to Neutral at UBS Group

UBS Group downgraded shares of ENI (NYSE:E) from a buy rating to a neutral rating in a research note released on Wednesday, MarketBeat Ratings reports.

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

ENI Stock Performance

Shares of E stock opened at $28.19 on Wednesday. ENI has a 12-month low of $26.12 and a 12-month high of $33.78. The company has a market capitalization of $47.58 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.66 and a beta of 0.93. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $28.24 and its two-hundred day moving average is $30.17.

Institutional Trading of ENI

Hedge funds have recently made changes to their positions in the company. Caprock Group LLC increased its position in shares of ENI by 3.9% during the 3rd quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company’s stock worth $279,000 after purchasing an additional 336 shares during the last quarter. MML Investors Services LLC boosted its stake in ENI by 7.6% during the third quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock worth $247,000 after buying an additional 576 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of ENI by 5.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,853 shares of the oil and gas exploration company’s stock valued at $329,000 after acquiring an additional 608 shares during the last quarter. Evergreen Capital Management LLC raised its stake in shares of ENI by 5.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 12,753 shares of the oil and gas exploration company’s stock valued at $393,000 after acquiring an additional 626 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of ENI by 25.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock worth $93,000 after acquiring an additional 633 shares during the last quarter. Hedge funds and other institutional investors 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.