Eni SpA (NYSE:E) shares saw unusually-strong trading volume on Tuesday . Approximately 365,203 shares were traded during trading, an increase of 32% from the previous session’s volume of 277,678 shares.The stock last traded at $31.02 and had previously closed at $30.74.

A number of equities analysts have recently issued reports on E shares. Zacks Investment Research lowered shares of Eni SpA from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Eni SpA in a research report on Thursday, July 21st. Collins Stewart reiterated a “hold” rating on shares of Eni SpA in a research report on Thursday, May 12th. Finally, Societe Generale lowered shares of Eni SpA from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $25.99.

The stock’s market capitalization is $57.72 billion. The company’s 50 day moving average is $31.21 and its 200 day moving average is $30.20.

An institutional investor recently raised its position in Eni SpA stock. Morgan Stanley raised its stake in Eni SpA (NYSE:E) by 27.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 931,766 shares of the oil and gas exploration company’s stock after buying an additional 203,315 shares during the period. Morgan Stanley owned 0.05% of Eni SpA worth $27,767,000 at the end of the most recent 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 and commodity trading. The Company’s segments include Exploration & Production, Gas & Power, and Refining & Marketing.

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