ENI (NYSE:E) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of ENI (NYSE:E) from a buy rating to a hold rating in a research report sent to investors on Monday.

A number of other brokerages also recently commented on E. UBS Group raised shares of ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Thursday, January 8th. JPMorgan Chase & Co. lowered shares of ENI from an “overweight” rating to an “underweight” rating in a research note on Friday, December 5th. Zacks Research downgraded ENI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. Finally, HSBC lowered ENI from a “buy” rating to a “hold” rating in a report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, ENI currently has an average rating of “Hold” and a consensus target price of $34.60.

ENI Trading Up 1.5%

Shares of E opened at $39.02 on Monday. The stock has a fifty day moving average of $37.61 and a two-hundred day moving average of $35.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. The company has a market capitalization of $64.89 billion, a PE ratio of 21.32 and a beta of 0.61. ENI has a fifty-two week low of $24.65 and a fifty-two week high of $39.41.

ENI (NYSE:E) last announced its quarterly earnings data on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.17. The business had revenue of $24.11 billion for the quarter, compared to analyst estimates of $19.88 billion. ENI had a net margin of 3.20% and a return on equity of 8.53%. As a group, analysts forecast that ENI will post 3.74 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Natixis Advisors LLC lifted its holdings in ENI by 6.6% during the third quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after acquiring an additional 192,646 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of ENI by 5.4% during the second quarter. Brandes Investment Partners LP now owns 702,770 shares of the oil and gas exploration company’s stock worth $22,784,000 after purchasing an additional 35,772 shares during the period. American Century Companies Inc. lifted its holdings in shares of ENI by 33.2% during the 3rd quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock valued at $22,259,000 after purchasing an additional 158,699 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of ENI by 6.3% in the 3rd quarter. Raymond James Financial Inc. now owns 541,031 shares of the oil and gas exploration company’s stock valued at $18,909,000 after purchasing an additional 32,107 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of ENI by 44.9% in the 2nd quarter. Quantinno Capital Management LP now owns 202,792 shares of the oil and gas exploration company’s stock valued at $6,575,000 after purchasing an additional 62,834 shares during the period. 1.18% of the stock is currently owned by institutional investors.

About ENI

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low?carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.