ENI (NYSE:E) Shares Gap Down – Should You Sell?

Eni SpA (NYSE:E)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $55.39, but opened at $52.09. ENI shares last traded at $51.2120, with a volume of 179,799 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of ENI from an “underweight” rating to an “overweight” rating in a report on Monday, March 2nd. Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Rothschild & Co Redburn upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.30.

ENI Price Performance

The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $50.31 and its 200 day moving average is $41.99. The firm has a market capitalization of $88.15 billion, a price-to-earnings ratio of 30.72, a P/E/G ratio of 0.26 and a beta of 0.44.

ENI (NYSE:E) last released its quarterly earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 EPS for the quarter. ENI had a net margin of 3.07% and a return on equity of 9.27%. The business had revenue of $24.64 billion for the quarter. On average, equities research analysts anticipate that Eni SpA will post 3.74 earnings per share for the current fiscal year.

ENI Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Tuesday, March 24th were paid a $0.6137 dividend. This represents a $2.45 annualized dividend and a dividend yield of 4.7%. This is a boost from ENI’s previous quarterly dividend of $0.58. The ex-dividend date was Tuesday, March 24th. ENI’s dividend payout ratio is currently 97.65%.

Institutional Investors Weigh In On ENI

A number of large investors have recently bought and sold shares of the company. MGO One Seven LLC grew its stake in ENI by 2.3% during the fourth quarter. MGO One Seven LLC now owns 11,882 shares of the oil and gas exploration company’s stock worth $451,000 after buying an additional 263 shares in the last quarter. Bessemer Group Inc. grew its stake in ENI by 5.1% during the third quarter. Bessemer Group Inc. now owns 5,904 shares of the oil and gas exploration company’s stock worth $206,000 after buying an additional 284 shares in the last quarter. DAVENPORT & Co LLC grew its stake in ENI by 2.8% during the third quarter. DAVENPORT & Co LLC now owns 10,667 shares of the oil and gas exploration company’s stock worth $373,000 after buying an additional 294 shares in the last quarter. CWM LLC grew its stake in ENI by 5.7% during the fourth quarter. CWM LLC now owns 6,256 shares of the oil and gas exploration company’s stock worth $237,000 after buying an additional 340 shares in the last quarter. Finally, United Capital Financial Advisors LLC grew its stake in ENI by 5.0% during the third quarter. United Capital Financial Advisors LLC now owns 7,245 shares of the oil and gas exploration company’s stock worth $253,000 after buying an additional 347 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Company Profile

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.