ENI (NYSE:E) Upgraded at Erste Group Bank

Erste Group Bank upgraded shares of ENI (NYSE:E) to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

E has been the topic of several other reports. JPMorgan Chase & Co. lowered shares of ENI from an “overweight” rating to an “underweight” rating in a report on Friday, December 5th. Citigroup reaffirmed a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Wall Street Zen lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Zacks Research downgraded shares of ENI from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.60.

ENI Price Performance

NYSE:E opened at $44.14 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 0.37. ENI has a 1-year low of $24.65 and a 1-year high of $44.20. The company has a 50-day moving average of $39.71 and a 200 day moving average of $37.24.

Institutional Trading of ENI

Institutional investors and hedge funds have recently bought and sold shares of the business. Natixis Advisors LLC increased its stake in shares of ENI by 5.3% in the fourth quarter. Natixis Advisors LLC now owns 3,279,164 shares of the oil and gas exploration company’s stock worth $124,411,000 after acquiring an additional 165,454 shares during the period. Morgan Stanley boosted its holdings in ENI by 0.6% in the fourth quarter. Morgan Stanley now owns 3,019,566 shares of the oil and gas exploration company’s stock valued at $114,562,000 after purchasing an additional 16,671 shares during the last quarter. Goldman Sachs Group Inc. grew its position in ENI by 2.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,353,911 shares of the oil and gas exploration company’s stock worth $51,367,000 after purchasing an additional 38,688 shares during the period. Brandes Investment Partners LP raised its stake in shares of ENI by 5.4% during the 2nd quarter. Brandes Investment Partners LP now owns 702,770 shares of the oil and gas exploration company’s stock valued at $22,784,000 after buying an additional 35,772 shares during the last quarter. Finally, American Century Companies Inc. raised its stake 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 buying an additional 158,699 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Company Profile

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.