StockNews.com upgraded shares of ENI (NYSE:E – Free Report) from a hold rating to a buy rating in a report issued on Friday morning.
Several other brokerages have also recently issued reports on E. Jefferies Financial Group restated a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Stifel Nicolaus lowered ENI from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Morgan Stanley upgraded ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 target price for the company in a report on Thursday, August 29th. BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Finally, Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.60.
View Our Latest Stock Report on ENI
ENI Price Performance
Institutional Trading of ENI
Several large investors have recently added to or reduced their stakes in E. Allspring Global Investments Holdings LLC purchased a new position in ENI during the first quarter valued at approximately $74,000. Norden Group LLC acquired a new position in shares of ENI in the 1st quarter valued at $437,000. Diversify Advisory Services LLC purchased a new stake in ENI during the first quarter worth $509,000. Sequoia Financial Advisors LLC grew its position in ENI by 5.0% during the first quarter. Sequoia Financial Advisors LLC now owns 11,933 shares of the oil and gas exploration company’s stock valued at $379,000 after buying an additional 573 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in ENI by 12.0% in the first quarter. Janney Montgomery Scott LLC now owns 16,359 shares of the oil and gas exploration company’s stock valued at $519,000 after buying an additional 1,754 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.
ENI Company Profile
Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.
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