Eni SpA (NYSE:E) shares saw strong trading volume on Tuesday . 365,203 shares changed hands during mid-day 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.

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

The company’s market capitalization is $57.98 billion. The company has a 50 day moving average price of $31.22 and a 200-day moving average price of $30.20.

A hedge fund recently raised its stake in Eni SpA stock. Morgan Stanley raised its position in Eni SpA (NYSE:E) by 27.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 about 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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