ENI (NYSE:E) Hits New 12-Month High - Still a Buy?

Key Points

• Shares of Eni SpA reached a new 52-week high at $36.22, with trading volume of 3,347 shares.
• Analyst ratings for ENI include a mix of "neutral" and "hold" ratings, with a target price around $34.60, indicating a cautious outlook from several firms.
• ENI announced a quarterly dividend of $0.5814 per share, resulting in a 6.4% dividend yield, with a payout ratio of 104.32%.

Shares of Eni SpA (NYSE:E - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $36.13 and last traded at $36.22, with a volume of 3347 shares trading hands. The stock had previously closed at $35.43.

Wall Street Analyst Weigh In

E has been the topic of a number of analyst reports. Citigroup reiterated a "neutral" rating on shares of ENI in a research note on Monday, October 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of ENI in a research note on Wednesday, October 8th. Zacks Research cut ENI from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Morgan Stanley set a $34.60 price objective on ENI in a research note on Wednesday, September 3rd. Finally, Jefferies Financial Group raised ENI to a "strong-buy" rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $34.60.

ENI Trading Up 2.1%

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 business has a fifty day simple moving average of $35.11 and a 200 day simple moving average of $32.36. The stock has a market capitalization of $61.07 billion, a price-to-earnings ratio of 22.33 and a beta of 0.90.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The oil and gas exploration company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. ENI had a return on equity of 8.53% and a net margin of 2.84%.The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $23.54 billion. As a group, research analysts expect that Eni SpA will post 3.74 EPS for the current year.

ENI Announces Dividend

The business 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. This represents a $2.33 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Tuesday, November 25th. ENI's dividend payout ratio is presently 104.32%.

Institutional Trading of ENI

Institutional investors and hedge funds have recently modified their holdings of the business. NewSquare Capital LLC lifted its position in shares of ENI by 179.3% during the 2nd 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 lifted its position in shares of ENI by 2,488.4% during the 2nd 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 during the last quarter. Golden State Wealth Management LLC lifted its position in shares of ENI by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company's stock worth $37,000 after buying an additional 601 shares during the last quarter. Nisa Investment Advisors LLC raised its position 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 purchasing an additional 750 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in ENI by 84.0% in the third 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. 1.18% of the stock is currently owned by institutional investors.

ENI Company Profile

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.

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