ENI (NYSE:E) Sees Strong Trading Volume

Shares of Eni S.p.A. (NYSE:EGet Rating) saw unusually-strong trading volume on Friday . Approximately 28,485 shares were traded during trading, a decline of 94% from the previous session’s volume of 443,943 shares.The stock last traded at $29.10 and had previously closed at $29.46.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. BNP Paribas assumed coverage on ENI in a report on Tuesday, November 8th. They set an “outperform” rating on the stock. Morgan Stanley raised their price objective on shares of ENI from €14.10 ($14.54) to €15.80 ($16.29) and gave the stock an “equal weight” rating in a research note on Tuesday, November 8th. Exane BNP Paribas assumed coverage on shares of ENI in a research note on Tuesday, November 8th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. raised their price objective on shares of ENI from €18.50 ($19.07) to €19.00 ($19.59) and gave the stock an “overweight” rating in a research note on Monday, September 26th. Finally, StockNews.com began coverage on shares of ENI in a research note on Wednesday, October 12th. They issued a “strong-buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

ENI Stock Down 1.0 %

The firm has a 50-day moving average of $24.54 and a 200 day moving average of $25.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.03. The stock has a market capitalization of $52.59 billion, a price-to-earnings ratio of 2.83 and a beta of 1.00.

ENI Announces Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Tuesday, November 22nd will be given a $0.311 dividend. The ex-dividend date of this dividend is Monday, November 21st. ENI’s payout ratio is 5.82%.

Hedge Funds Weigh In On ENI

A number of large investors have recently made changes to their positions in E. Hexagon Capital Partners LLC increased its stake in ENI by 227.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,277 shares of the oil and gas exploration company’s stock worth $27,000 after acquiring an additional 887 shares during the period. Rosenberg Matthew Hamilton bought a new position in shares of ENI in the 3rd quarter valued at $35,000. Captrust Financial Advisors increased its stake in shares of ENI by 114.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,114 shares of the oil and gas exploration company’s stock valued at $50,000 after purchasing an additional 1,129 shares during the last quarter. Wipfli Financial Advisors LLC bought a new position in shares of ENI in the 3rd quarter valued at $51,000. Finally, Ronald Blue Trust Inc. acquired a new stake in shares of ENI during the 2nd quarter valued at $73,000. Institutional investors own 1.53% of the company’s stock.

ENI Company Profile

(Get Rating)

Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude and Power; and Corporate and Other activities segments. The Exploration & Production segment is involved in the research, development, and production of oil, condensates and natural gas; and forestry conservation and CO2 capture and storage projects.

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