ENI (NYSE:E) Reaches New 12-Month High - Should You Buy?

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

Wall Street Analyst Weigh In

Several research firms have commented on E. Kepler Capital Markets lowered shares of ENI from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Redburn Atlantic cut shares of ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 23rd. Finally, Citigroup reaffirmed a "neutral" rating on shares of ENI in a research report on Friday, April 25th. 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, the stock presently has a consensus rating of "Hold" and an average price target of $31.60.

ENI Price Performance

The stock's 50 day simple moving average is $30.34 and its 200-day simple moving average is $29.15. The firm has a market cap of $56.28 billion, a price-to-earnings ratio of 19.96 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.16.

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

ENI Increases Dividend

The company also recently announced a -- dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, May 20th were given a $0.5391 dividend. The ex-dividend date was Tuesday, May 20th. This represents a yield of 5.5%. This is a positive change from ENI's previous -- dividend of $0.35. ENI's dividend payout ratio is currently 94.01%.

Institutional Trading of ENI

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in shares of ENI by 3.4% in the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company's stock valued at $472,000 after buying an additional 495 shares during the period. Advisors Asset Management Inc. lifted its holdings in ENI by 4.1% in the first quarter. Advisors Asset Management Inc. now owns 65,502 shares of the oil and gas exploration company's stock valued at $2,026,000 after acquiring an additional 2,586 shares during the period. Royal Bank of Canada lifted its holdings in ENI by 2.1% in the first 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 acquiring an additional 1,420 shares during the period. Vident Advisory LLC boosted its position in ENI by 28.1% in the 1st quarter. Vident Advisory LLC now owns 35,230 shares of the oil and gas exploration company's stock worth $1,090,000 after purchasing an additional 7,734 shares in the last quarter. Finally, Harvest Portfolios Group Inc. increased its holdings in shares of ENI by 11.4% during the 1st quarter. Harvest Portfolios Group Inc. now owns 64,284 shares of the oil and gas exploration company's stock valued at $1,988,000 after purchasing an additional 6,572 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

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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