ENI (NYSE:E) Sets New 52-Week High - Here's Why

Eni SpA (NYSE:E - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $33.29 and last traded at $33.28, with a volume of 182147 shares trading hands. The stock had previously closed at $32.72.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Kepler Capital Markets cut ENI from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Citigroup reiterated a "neutral" rating on shares of ENI in a report on Friday, April 25th. Finally, Redburn Atlantic lowered shares of ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, ENI presently has a consensus rating of "Hold" and an average target price of $31.60.

ENI Stock Performance

The company has a current ratio of 1.16, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $53.37 billion, a PE ratio of 18.93 and a beta of 0.90. The business's fifty day moving average is $30.55 and its two-hundred day moving average is $29.24.

ENI (NYSE:E - Get Free Report) last posted its earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.01. ENI had a net margin of 2.85% and a return on equity of 9.16%. The business had revenue of $25.61 billion during the quarter, compared to the consensus estimate of $25.52 billion. Equities research analysts predict that Eni SpA will post 3.74 earnings per share for the current year.

ENI Increases Dividend

The business also recently disclosed a -- dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.5391 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This is an increase from ENI's previous -- dividend of $0.35. This represents a yield of 5.5%. ENI's dividend payout ratio is 94.01%.

Institutional Investors Weigh In On ENI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in E. Golden State Wealth Management LLC raised its holdings 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 buying an additional 601 shares during the period. Brooklyn Investment Group purchased a new stake in shares of ENI in the first quarter worth approximately $54,000. SVB Wealth LLC purchased a new stake in shares of ENI in the first quarter worth approximately $78,000. GAMMA Investing LLC raised its holdings in shares of ENI by 76.8% in the first quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company's stock worth $104,000 after buying an additional 1,467 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of ENI by 45.4% in the first quarter. Bessemer Group Inc. now owns 3,405 shares of the oil and gas exploration company's stock worth $106,000 after buying an additional 1,063 shares during the period. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

About ENI

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.