Eni SpA’s (E) Buy Rating Reaffirmed at Deutsche Bank AG
E has been the subject of a number of other reports. Zacks Investment Research upgraded Eni SpA from a hold rating to a buy rating and set a $33.00 price target for the company in a research note on Thursday, October 20th. Citigroup Inc. restated a buy rating on shares of Eni SpA in a research note on Friday, October 7th. Finally, JPMorgan Chase & Co. restated a neutral rating on shares of Eni SpA in a research note on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $25.99.
Shares of Eni SpA (NYSE:E) traded down 1.45% during midday trading on Tuesday, reaching $26.44. 447,438 shares of the company were exchanged. The company has a 50 day moving average price of $28.95 and a 200-day moving average price of $30.34. Eni SpA has a 12-month low of $24.73 and a 12-month high of $33.38. The stock’s market capitalization is $46.44 billion.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp increased its position in Eni SpA by 22.0% in the third quarter. Mackenzie Financial Corp now owns 1,009,704 shares of the oil and gas exploration company’s stock valued at $29,150,000 after buying an additional 182,204 shares during the last quarter. Nuveen Fund Advisors LLC increased its position in Eni SpA by 5.4% in the third quarter. Nuveen Fund Advisors LLC now owns 9,127 shares of the oil and gas exploration company’s stock valued at $263,000 after buying an additional 464 shares during the last quarter. OLD Mission Capital LLC acquired a new position in Eni SpA during the third quarter valued at $2,978,000. Lazard Asset Management LLC increased its position in Eni SpA by 23.5% in the third quarter. Lazard Asset Management LLC now owns 559,605 shares of the oil and gas exploration company’s stock valued at $16,155,000 after buying an additional 106,665 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Eni SpA during the third quarter valued at $380,000. Institutional investors and hedge funds own 1.77% of the company’s stock.
Eni SpA Company Profile
Eni SpA (Eni) is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products and commodity trading. The Company’s segments include Exploration & Production, Gas & Power, and Refining & Marketing.
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