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

Eni SpA (NYSE:E)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $41.08 and last traded at $40.9520, with a volume of 236862 shares trading hands. The stock had previously closed at $40.99.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on E shares. Citigroup restated a “neutral” rating on shares of ENI in a research note on Tuesday, November 4th. Hsbc Global Res cut ENI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lowered ENI from an “overweight” rating to an “underweight” rating in a research report on Friday, December 5th. Zacks Research cut ENI from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Finally, UBS Group upgraded shares of ENI from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 25th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, ENI currently has a consensus rating of “Hold” and a consensus price target of $34.60.

ENI Stock Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 0.98. The company has a 50 day simple moving average of $37.92 and a 200-day simple moving average of $36.21. The stock has a market capitalization of $69.19 billion, a P/E ratio of 22.38 and a beta of 0.61.

Institutional Trading of ENI

A number of institutional investors have recently modified their holdings of E. Natixis Advisors LLC grew its stake in ENI by 6.6% in the 3rd quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock valued at $108,824,000 after buying an additional 192,646 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of ENI by 33.2% in the third quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock worth $22,259,000 after acquiring an additional 158,699 shares during the period. Capital Wealth Planning LLC purchased a new position in shares of ENI in the third quarter valued at $5,106,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of ENI in the second quarter valued at $3,982,000. Finally, Trek Financial LLC bought a new stake in shares of ENI during the 3rd quarter valued at $4,128,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

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.