Eni SpA (NYSE:E)’s share price was down 2.9% on Friday . The company traded as low as $30.29 and last traded at $30.48, with a volume of 210,263 shares trading hands. The stock had previously closed at $31.39.

A number of equities analysts have weighed in on E shares. Societe Generale lowered shares of Eni SpA from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Collins Stewart reiterated a “hold” rating on shares of Eni SpA in a report on Thursday, May 12th. Zacks Investment Research upgraded shares of Eni SpA from a “sell” rating to a “hold” rating in a report on Monday, May 16th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Eni SpA in a report on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Eni SpA has an average rating of “Hold” and a consensus price target of $25.99.

The firm’s market cap is $56.66 billion. The firm’s 50-day moving average is $31.21 and its 200-day moving average is $30.21.

An institutional investor recently raised its position in Eni SpA stock. Morgan Stanley boosted its position in shares of Eni SpA (NYSE:E) by 27.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

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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