Eni S.p.A. (NYSE:E) Receives Average Rating of “Hold” from Analysts

Shares of Eni S.p.A. (NYSE:E) have received a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $31.60.

A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Redburn Atlantic lowered ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 23rd. Citigroup reaffirmed a “neutral” rating on shares of ENI in a report on Friday, April 25th. Finally, Kepler Capital Markets downgraded shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Tuesday.

ENI Stock Performance

Shares of E stock opened at $29.13 on Friday. The business’s 50 day simple moving average is $28.94 and its 200 day simple moving average is $28.68. ENI has a one year low of $24.65 and a one year high of $33.12. The stock has a market capitalization of $49.16 billion, a PE ratio of 17.44, a PEG ratio of 1.86 and a beta of 0.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07.

ENI (NYSE:E) last announced its earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.91 by $0.01. ENI had a return on equity of 11.03% and a net margin of 2.76%. The business had revenue of $25.61 billion for the quarter, compared to analysts’ expectations of $25.52 billion. As a group, research analysts forecast that ENI will post 3.74 earnings per share for the current year.

ENI Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 20th will be issued a $0.5391 dividend. This is an increase from ENI’s previous — dividend of $0.35. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a dividend yield of 5.5%. ENI’s dividend payout ratio (DPR) is presently 89.82%.

Hedge Funds Weigh In On ENI

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in ENI by 277.5% during the third quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock valued at $939,000 after purchasing an additional 22,768 shares in the last quarter. Invesco Ltd. raised its stake in ENI by 13.1% during the fourth quarter. Invesco Ltd. now owns 33,464 shares of the oil and gas exploration company’s stock valued at $916,000 after purchasing an additional 3,877 shares in the last quarter. Optiver Holding B.V. raised its stake in ENI by 1,885.2% during the fourth quarter. Optiver Holding B.V. now owns 273,042 shares of the oil and gas exploration company’s stock valued at $7,470,000 after purchasing an additional 259,288 shares in the last quarter. Brandes Investment Partners LP raised its stake in ENI by 13.1% during the fourth quarter. Brandes Investment Partners LP now owns 606,769 shares of the oil and gas exploration company’s stock valued at $16,601,000 after purchasing an additional 70,507 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in ENI during the fourth quarter valued at $4,882,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.