ENI (NYSE:E) Reaches New 52-Week High – What’s Next?

Shares of Eni SpA (NYSE:E) reached a new 52-week high during trading on Friday . The stock traded as high as $42.34 and last traded at $42.22, with a volume of 127067 shares changing hands. The stock had previously closed at $41.49.

Analyst Upgrades and Downgrades

E has been the topic of several research reports. UBS Group raised shares of ENI from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 25th. JPMorgan Chase & Co. cut ENI from an “overweight” rating to an “underweight” rating in a research report on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a research note on Wednesday, January 21st. Citigroup restated a “neutral” rating on shares of ENI in a research note on Tuesday, November 4th. Finally, Zacks Research lowered shares of ENI from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.60.

ENI Trading Up 1.9%

The business’s fifty day moving average is $38.44 and its 200 day moving average is $36.53. The stock has a market cap of $71.33 billion, a PE ratio of 23.08 and a beta of 0.61. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. NewSquare Capital LLC boosted its position in shares of ENI by 179.3% in the 2nd quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock worth $30,000 after buying an additional 588 shares in the last quarter. MAI Capital Management raised its position in ENI by 2,488.4% during the second quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after acquiring an additional 1,070 shares during the last quarter. Advisory Services Network LLC acquired a new position in ENI during the third quarter worth about $47,000. CIBC Private Wealth Group LLC acquired a new stake in shares of ENI in the third quarter valued at approximately $48,000. Finally, Global Retirement Partners LLC increased its stake in shares of ENI by 320.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,375 shares of the oil and gas exploration company’s stock worth $52,000 after purchasing an additional 1,048 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.