ENI (NYSE:E) Hits New 52-Week Low - Should You Sell?

Eni S.p.A. (NYSE:E - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $28.34 and last traded at $28.37, with a volume of 407820 shares traded. The stock had previously closed at $28.79.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on E shares. UBS Group cut ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 8th. Citigroup reissued a "neutral" rating on shares of ENI in a report on Friday, April 25th. Morgan Stanley reaffirmed an "equal weight" rating and set a $31.60 price objective (down previously from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Redburn Atlantic cut shares of ENI from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 23rd. Finally, StockNews.com lowered shares of ENI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $31.60.

ENI Trading Up 0.1 %

The stock has a fifty day moving average of $28.94 and a two-hundred day moving average of $28.79. The company has a market capitalization of $48.57 billion, a PE ratio of 17.23, a PEG ratio of 1.86 and a beta of 0.73. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.01. The business had revenue of $25.61 billion for the quarter, compared to analysts' expectations of $25.52 billion. ENI had a net margin of 2.76% and a return on equity of 11.03%. As a group, sell-side analysts anticipate that Eni S.p.A. will post 3.74 earnings per share for the current fiscal year.

ENI Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.5391 per share. This is a boost from ENI's previous -- dividend of $0.35. This represents a dividend yield of 5.5%. The ex-dividend date is Tuesday, May 20th. ENI's dividend payout ratio (DPR) is 89.82%.

Institutional Trading of ENI

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. increased its stake in shares of ENI by 7.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company's stock worth $201,000 after buying an additional 484 shares during the period. Corient Private Wealth LLC increased its position in shares of ENI by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 49,250 shares of the oil and gas exploration company's stock valued at $1,347,000 after acquiring an additional 488 shares during the period. Signaturefd LLC raised its stake in shares of ENI by 2.1% during the fourth quarter. Signaturefd LLC now owns 26,189 shares of the oil and gas exploration company's stock valued at $717,000 after acquiring an additional 532 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of ENI by 30.5% during the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company's stock worth $70,000 after purchasing an additional 581 shares during the period. Finally, Golden State Wealth Management LLC grew its stake in shares of ENI by 100.0% in 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 during the last quarter. Institutional investors own 1.18% of the company's stock.

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.