ENI (NYSE:E) Sets New 1-Year High – Here’s What Happened

Eni SpA (NYSE:E) hit a new 52-week high on Tuesday . The stock traded as high as $44.50 and last traded at $44.4440, with a volume of 771649 shares trading hands. The stock had previously closed at $44.12.

Analysts Set New Price Targets

Several analysts have recently commented on E shares. HSBC downgraded ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Erste Group Bank raised ENI to a “strong-buy” rating in a research report on Wednesday, February 18th. Barclays restated an “overweight” rating on shares of ENI in a research note on Friday, December 12th. Citigroup reaffirmed a “neutral” rating on shares of ENI in a report on Tuesday, November 4th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.60.

ENI Price Performance

The firm has a 50-day moving average of $39.84 and a 200-day moving average of $37.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. The firm has a market capitalization of $75.02 billion, a P/E ratio of 24.29 and a beta of 0.61.

Hedge Funds Weigh In On ENI

A number of institutional investors and hedge funds have recently modified their holdings of the company. Natixis Advisors LLC increased its position in ENI by 6.6% during the third quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock valued at $108,824,000 after acquiring an additional 192,646 shares during the last quarter. Capital Wealth Planning LLC increased its position in shares of ENI by 109.7% during the 4th quarter. Capital Wealth Planning LLC now owns 306,408 shares of the oil and gas exploration company’s stock valued at $11,962,000 after purchasing an additional 160,324 shares during the last quarter. American Century Companies Inc. increased its position in shares of ENI by 33.2% during the 3rd quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock valued at $22,259,000 after purchasing an additional 158,699 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of ENI in the 2nd quarter worth approximately $3,982,000. Finally, Trek Financial LLC purchased a new position in shares of ENI in the third quarter worth approximately $4,128,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

About ENI

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.