ENI (NYSE:E) Sets New 1-Year High – Here’s What Happened

Shares of Eni SpA (NYSE:E) hit a new 52-week high on Wednesday . The stock traded as high as $43.76 and last traded at $43.6860, with a volume of 294659 shares trading hands. The stock had previously closed at $43.22.

Analysts Set New Price Targets

A number of brokerages have weighed in on E. HSBC downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Tuesday, October 28th. UBS Group raised shares of ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a report on Thursday, January 8th. Finally, Citigroup reiterated a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, ENI presently has a consensus rating of “Hold” and a consensus price target of $34.60.

ENI Trading Up 1.4%

The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average is $39.32 and its two-hundred day moving average is $37.07. The firm has a market cap of $73.98 billion, a price-to-earnings ratio of 23.95 and a beta of 0.61.

Hedge Funds Weigh In On ENI

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings 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 worth $2,141,000 after purchasing an additional 1,420 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of ENI by 3.4% in the 1st 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 during the last quarter. Yousif Capital Management LLC grew its position in shares of ENI by 10.3% during the 2nd quarter. Yousif Capital Management LLC now owns 28,181 shares of the oil and gas exploration company’s stock worth $914,000 after buying an additional 2,640 shares during the period. Bleakley Financial Group LLC raised its stake in shares of ENI by 16.2% during the second quarter. Bleakley Financial Group LLC now owns 23,292 shares of the oil and gas exploration company’s stock worth $755,000 after buying an additional 3,241 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in ENI by 3.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,284 shares of the oil and gas exploration company’s stock valued at $366,000 after buying an additional 326 shares during the period. Institutional investors own 1.18% of the company’s stock.

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.