ENI (NYSE:E) Upgraded at Zacks Research

Zacks Research upgraded shares of ENI (NYSE:E) from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Barclays reaffirmed an “overweight” rating on shares of ENI in a research report on Friday, December 12th. JPMorgan Chase & Co. upgraded ENI from an “underweight” rating to an “overweight” rating in a research note on Monday, March 2nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research report on Thursday, January 8th. Erste Group Bank upgraded ENI to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.60.

ENI Trading Up 4.0%

NYSE:E opened at $57.09 on Tuesday. The firm has a 50-day simple moving average of $47.10 and a 200-day simple moving average of $40.38. ENI has a one year low of $24.65 and a one year high of $57.58. The firm has a market cap of $96.37 billion, a P/E ratio of 33.58 and a beta of 0.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 1.19.

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

ENI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.6137 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This is a boost from ENI’s previous quarterly dividend of $0.58. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.3%. ENI’s payout ratio is currently 100.00%.

Institutional Trading of ENI

A number of institutional investors have recently made changes to their positions in E. Royal Bank of Canada increased its position in ENI by 2.1% during the 1st quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock valued at $2,141,000 after buying an additional 1,420 shares in the last quarter. AQR Capital Management LLC boosted its holdings in ENI by 3.4% in the first quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock worth $472,000 after acquiring an additional 495 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of ENI by 8.4% during the second quarter. Cetera Investment Advisers now owns 11,232 shares of the oil and gas exploration company’s stock worth $364,000 after acquiring an additional 870 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of ENI by 60.7% during the second quarter. JPMorgan Chase & Co. now owns 45,348 shares of the oil and gas exploration company’s stock worth $1,470,000 after acquiring an additional 17,133 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of ENI by 12.1% during the second quarter. American Century Companies Inc. now owns 478,192 shares of the oil and gas exploration company’s stock valued at $15,503,000 after acquiring an additional 51,626 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

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.