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

UBS Group lowered shares of ENI (NYSE:E) from a buy rating to a neutral rating in a research note issued to investors on Wednesday morning, Marketbeat reports.

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

ENI Trading Down 0.9 %

Shares of ENI stock opened at $27.97 on Wednesday. The stock has a market capitalization of $47.21 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.68 and a beta of 0.93. 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’s 50-day simple moving average is $28.33 and its 200 day simple moving average is $30.20. ENI has a 52-week low of $26.12 and a 52-week high of $33.78.

Institutional Trading of ENI

A number of hedge funds have recently made changes to their positions in the stock. Caprock Group LLC purchased a new stake in ENI in the second quarter worth approximately $268,000. American Century Companies Inc. grew its holdings in shares of ENI by 7.3% during 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 purchasing an additional 22,695 shares during the last quarter. Parallel Advisors LLC raised its position in ENI by 9.2% in the 2nd quarter. Parallel Advisors LLC now owns 13,939 shares of the oil and gas exploration company’s stock worth $429,000 after purchasing an additional 1,177 shares during the period. Oppenheimer Asset Management Inc. raised its position in ENI by 6.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,245 shares of the oil and gas exploration company’s stock worth $315,000 after purchasing an additional 645 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in ENI by 8.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 196,196 shares of the oil and gas exploration company’s stock valued at $6,041,000 after buying an additional 15,039 shares during the period. 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.