Brokerages Set Eni SpA (NYSE:E) Price Target at $34.60

Eni SpA (NYSE:E) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $34.60.

A number of research firms recently issued reports on E. HSBC lowered ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Barclays reissued an “overweight” rating on shares of ENI in a research note on Friday, December 12th. JPMorgan Chase & Co. cut shares of ENI from an “overweight” rating to an “underweight” rating in a research note on Friday, December 5th. Citigroup reissued a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. Finally, Zacks Research downgraded shares of ENI from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. RD Lewis Holdings Inc. acquired a new stake in ENI during the 2nd quarter worth approximately $2,316,000. Trek Financial LLC purchased a new stake in ENI during the third quarter worth approximately $4,128,000. Sequoia Financial Advisors LLC increased its position in shares of ENI by 131.8% in the second quarter. Sequoia Financial Advisors LLC now owns 29,558 shares of the oil and gas exploration company’s stock worth $958,000 after acquiring an additional 16,804 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of ENI by 25.2% in the 2nd quarter. Fisher Asset Management LLC now owns 143,622 shares of the oil and gas exploration company’s stock valued at $4,656,000 after acquiring an additional 28,926 shares during the period. Finally, Callan Family Office LLC lifted its holdings in shares of ENI by 58.5% during the 2nd quarter. Callan Family Office LLC now owns 56,281 shares of the oil and gas exploration company’s stock valued at $1,825,000 after acquiring an additional 20,769 shares in the last quarter. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

ENI Stock Down 0.4%

Shares of NYSE E opened at $40.76 on Thursday. The firm’s 50-day moving average is $38.16 and its two-hundred day moving average is $36.40. The company has a market capitalization of $68.79 billion, a PE ratio of 22.27 and a beta of 0.61. ENI has a 12-month low of $24.65 and a 12-month high of $42.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 0.98.

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.