Eni SpA (NYSE:E)’s share price was down 1.2% during trading on Wednesday . The company traded as low as $31.37 and last traded at $31.69, with a volume of 276,298 shares trading hands. The stock had previously closed at $32.06.

A number of brokerages have issued reports on E. Vetr upgraded Eni SpA from a “sell” rating to a “hold” rating and set a $28.96 price objective on the stock in a research report on Monday, March 28th. Zacks Investment Research downgraded Eni SpA from a “buy” rating to a “hold” rating in a report on Monday, July 4th. Collins Stewart reiterated a “hold” rating on shares of Eni SpA in a report on Thursday, May 12th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Eni SpA in a report on Thursday. Finally, Societe Generale downgraded Eni SpA from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $25.99.

The stock’s market cap is $56.39 billion. The stock has a 50-day moving average of $31.60 and a 200 day moving average of $29.90.

Several hedge funds and institutional investors recently modified their holdings of E. Morgan Stanley boosted its position in shares of Eni SpA by 27.9% in the fourth quarter. Morgan Stanley now owns 931,766 shares of the oil and gas exploration company’s stock valued at $27,767,000 after buying an additional 203,315 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Eni SpA by 4,579.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 114,032 shares of the oil and gas exploration company’s stock valued at $3,398,000 after buying an additional 111,595 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of Eni SpA by 4.5% in the fourth quarter. Comerica Bank now owns 99,498 shares of the oil and gas exploration company’s stock valued at $2,741,000 after buying an additional 4,240 shares in the last quarter.

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, commodity trading and oilfield services and engineering industries.

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