ENI (NYSE:E) Reaches New 1-Year High – Here’s Why

Shares of Eni SpA (NYSE:E) reached a new 52-week high on Thursday . The stock traded as high as $43.72 and last traded at $43.6910, with a volume of 198665 shares traded. The stock had previously closed at $42.85.

Analyst Upgrades and Downgrades

E has been the topic of a number of recent analyst reports. HSBC cut ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. lowered shares of ENI from an “overweight” rating to an “underweight” rating in a research report on Friday, December 5th. Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. Barclays restated an “overweight” rating on shares of ENI in a research note on Friday, December 12th. Finally, UBS Group upgraded ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.60.

ENI Trading Up 2.0%

The stock has a market cap of $73.75 billion, a PE ratio of 23.87 and a beta of 0.61. The firm has a 50-day moving average price of $38.86 and a 200-day moving average price of $36.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16.

Hedge Funds Weigh In On ENI

A number of hedge funds have recently added to or reduced their stakes in E. Royal Bank of Canada boosted its stake in ENI by 2.1% during the 1st quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock valued at $2,141,000 after purchasing an additional 1,420 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of ENI by 3.4% during the first quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after purchasing an additional 495 shares in the last quarter. Inspire Investing LLC bought a new position in shares of ENI during the second quarter valued at $222,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of ENI by 8.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 79,836 shares of the oil and gas exploration company’s stock valued at $2,588,000 after buying an additional 6,489 shares during the last quarter. Finally, MGO One Seven LLC bought a new stake in ENI in the 2nd quarter worth about $467,000. 1.18% of the stock is currently owned by hedge funds and other 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.