Separately, HSBC cut ENI from a buy rating to a hold rating in a report on Tuesday, July 18th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $17.40.
ENI Stock Performance
ENI (NYSE:E – Get Free Report) last released its earnings results on Friday, July 28th. The oil and gas exploration company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.09. The firm had revenue of $21.57 billion during the quarter. ENI had a return on equity of 19.54% and a net margin of 7.73%. Equities research analysts forecast that ENI will post 6.39 EPS for the current fiscal year.
ENI Increases Dividend
The business also recently announced a — dividend, which will be paid on Friday, October 6th. Stockholders of record on Tuesday, September 19th will be issued a $0.4725 dividend. This is a boost from ENI’s previous — dividend of $0.47. The ex-dividend date is Monday, September 18th. This represents a dividend yield of 4.5%. ENI’s payout ratio is 27.07%.
Institutional Investors Weigh In On ENI
A number of institutional investors and hedge funds have recently modified their holdings of E. Nemes Rush Group LLC bought a new stake in ENI during the 2nd quarter valued at $26,000. Tucker Asset Management LLC bought a new stake in ENI during the 1st quarter valued at $28,000. Bessemer Group Inc. raised its position in ENI by 2,729.7% during the 2nd quarter. Bessemer Group Inc. now owns 1,047 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,010 shares in the last quarter. Allworth Financial LP raised its position in ENI by 54.8% during the 1st quarter. Allworth Financial LP now owns 1,263 shares of the oil and gas exploration company’s stock valued at $35,000 after purchasing an additional 447 shares in the last quarter. Finally, Atlas Capital Advisors LLC bought a new stake in ENI during the 4th quarter valued at $38,000. 1.32% of the stock is owned by institutional investors.
Eni S.p.A. operates as an integrated energy company worldwide. It engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.
- Five stocks we like better than ENI
- What is the Euro STOXX 50 Index?
- Is Enbridge Stock Too Cheap to Pass Up Now?
- Want to Profit on the Downtrend? Downtrends, Explained.
- 5 Best REIT Alternatives for Passive Real Estate Income
- Business Services Stocks Investing
- 5 Reasons Kroger Should Be On Every Income Investor Watchlist
Receive News & Ratings for ENI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ENI and related companies with MarketBeat.com's FREE daily email newsletter.