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

ENI (NYSE:E) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, MarketBeat.com reports.

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

ENI Stock Performance

NYSE:E opened at $27.97 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. ENI has a fifty-two week low of $26.12 and a fifty-two week high of $33.78. The company has a 50 day simple moving average of $28.28 and a two-hundred day simple moving average of $30.19. The company has a market capitalization of $47.21 billion, a PE ratio of 16.75, a P/E/G ratio of 1.68 and a beta of 0.93.

Hedge Funds Weigh In On ENI

A number of institutional investors have recently modified their holdings of E. GAMMA Investing LLC boosted its stake in ENI by 25.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock valued at $93,000 after purchasing an additional 633 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of ENI during the third quarter valued at approximately $212,000. Townsquare Capital LLC bought a new stake in ENI during the third quarter worth $231,000. Allspring Global Investments Holdings LLC grew its holdings in ENI by 38.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,697 shares of the oil and gas exploration company’s stock worth $233,000 after buying an additional 2,155 shares in the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new stake in ENI in the 3rd quarter valued at $239,000. 1.18% of the stock is owned by institutional investors and hedge funds.

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.