Kepler Capital Markets downgraded shares of ENI (NYSE:E - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday, May 20th,Zacks.com reports.
A number of other research firms have also recently commented on E. Wall Street Zen cut ENI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Citigroup restated a "neutral" rating on shares of ENI in a research note on Friday, April 25th. Finally, Redburn Atlantic lowered ENI from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 23rd. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.60.
View Our Latest Analysis on E
ENI Trading Up 1.6%
E traded up $0.48 on Tuesday, hitting $29.58. The company had a trading volume of 128,314 shares, compared to its average volume of 308,944. ENI has a 12-month low of $24.65 and a 12-month high of $33.12. The business's fifty day simple moving average is $28.89 and its 200 day simple moving average is $28.65. The company has a market cap of $49.92 billion, a PE ratio of 17.71, a PEG ratio of 1.86 and a beta of 0.88. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.
ENI (NYSE:E - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.01. The company had revenue of $25.61 billion for the quarter, compared to analysts' expectations of $25.52 billion. ENI had a return on equity of 11.03% and a net margin of 2.76%. Equities research analysts expect that ENI will post 3.74 EPS for the current year.
ENI Increases Dividend
The company also recently declared a -- dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th will be paid a $0.5391 dividend. The ex-dividend date is Tuesday, May 20th. This represents a dividend yield of 5.5%. This is a positive change from ENI's previous -- dividend of $0.35. ENI's dividend payout ratio (DPR) is presently 89.82%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in E. JPMorgan Chase & Co. boosted its stake in ENI by 277.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company's stock worth $939,000 after purchasing an additional 22,768 shares during the period. Invesco Ltd. boosted its stake in ENI by 13.1% in the 4th quarter. Invesco Ltd. now owns 33,464 shares of the oil and gas exploration company's stock worth $916,000 after purchasing an additional 3,877 shares during the period. Optiver Holding B.V. boosted its stake in ENI by 1,885.2% in the 4th quarter. Optiver Holding B.V. now owns 273,042 shares of the oil and gas exploration company's stock worth $7,470,000 after purchasing an additional 259,288 shares during the period. Brandes Investment Partners LP boosted its stake in ENI by 13.1% in the 4th quarter. Brandes Investment Partners LP now owns 606,769 shares of the oil and gas exploration company's stock worth $16,601,000 after purchasing an additional 70,507 shares during the period. Finally, Millennium Management LLC boosted its stake in ENI by 215.8% in the 4th quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company's stock worth $8,952,000 after purchasing an additional 223,597 shares during the period. Institutional investors and hedge funds own 1.18% of the company's stock.
ENI Company Profile
(
Get Free Report)
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.
See Also

Before you consider ENI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ENI wasn't on the list.
While ENI currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.