ENI (NYSE:E – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Several other equities research analysts also recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and set a $31.60 price target (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Finally, UBS Group downgraded ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, ENI has an average rating of “Hold” and an average price target of $31.60.
ENI Stock Performance
Institutional Trading of ENI
Large investors have recently modified their holdings of the company. Natixis Advisors LLC increased its holdings in 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 buying an additional 288,968 shares during the last quarter. FMR LLC grew its position in shares of ENI by 33.5% during 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 acquiring an additional 146,431 shares during the period. Raymond James & Associates increased its stake in shares of 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 worth $15,274,000 after purchasing an additional 3,738 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in ENI by 5.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 206,731 shares of the oil and gas exploration company’s stock worth $6,266,000 after purchasing an additional 10,535 shares during the period. Finally, Fisher Asset Management LLC lifted its position in ENI by 9.2% during the third quarter. Fisher Asset Management LLC now owns 126,046 shares of the oil and gas exploration company’s stock valued at $3,820,000 after purchasing an additional 10,589 shares in the last quarter. 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.
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