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

A number of equities research analysts recently commented on E shares. Zacks Investment Research lowered shares of Eni SpA from a “buy” rating to a “hold” rating in a report on Monday, July 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Eni SpA in a report on Thursday, July 21st. Collins Stewart restated a “hold” rating on shares of Eni SpA in a report on Thursday, May 12th. Finally, Societe Generale lowered shares of Eni SpA from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Two equities 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 company presently has an average rating of “Hold” and a consensus target price of $25.99.

The stock’s market capitalization is $56.66 billion. The company’s 50-day moving average price is $31.15 and its 200 day moving average price is $30.23.

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 13F 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 approximately 0.05% of Eni SpA worth $27,767,000 as of its most recent filing with the SEC.

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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