ENI (NYSE:E) Cut to Hold at Hsbc Global Res

Hsbc Global Res downgraded shares of ENI (NYSE:E) from a strong-buy rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Several other research analysts have also weighed in on E. Royal Bank Of Canada lowered shares of ENI from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 2nd. Citigroup reissued a “neutral” rating on shares of ENI in a research report on Monday, October 13th. HSBC downgraded ENI from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Research lowered ENI from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Finally, Morgan Stanley set a $34.60 target price on ENI in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.60.

ENI Price Performance

NYSE:E opened at $36.64 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.18. The stock’s 50-day simple moving average is $35.31 and its 200 day simple moving average is $32.85. The company has a market cap of $61.85 billion, a P/E ratio of 20.02 and a beta of 0.90. ENI has a 52-week low of $24.65 and a 52-week high of $37.25.

ENI (NYSE:E) last posted its quarterly earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.17. The firm had revenue of $23.46 billion for the quarter, compared to analyst estimates of $19.88 billion. ENI had a return on equity of 8.58% and a net margin of 3.20%. As a group, sell-side analysts forecast that ENI will post 3.74 EPS for the current fiscal year.

ENI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.5814 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $2.33 annualized dividend and a dividend yield of 6.3%. ENI’s dividend payout ratio (DPR) is currently 92.35%.

Institutional Trading of ENI

A number of large investors have recently added to or reduced their stakes in the stock. NewSquare Capital LLC increased its position in ENI by 179.3% in the second 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 during the last quarter. MAI Capital Management grew 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 buying an additional 1,070 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of ENI by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company’s stock worth $37,000 after purchasing an additional 601 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in ENI by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company’s stock valued at $49,000 after acquiring an additional 750 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of ENI by 84.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,525 shares of the oil and gas exploration company’s stock valued at $53,000 after purchasing an additional 696 shares during the last quarter. 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.