ENI (NYSE:E) Sees Strong Trading Volume - What's Next?

Eni SpA (NYSE:E - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 267,889 shares traded hands during trading, a decline of 8% from the previous session's volume of 291,056 shares.The stock last traded at $32.10 and had previously closed at $32.49.

Analyst Ratings Changes

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

ENI Price Performance

The company's 50-day simple moving average is $30.50 and its 200 day simple moving average is $29.21. The company has a market cap of $53.37 billion, a PE ratio of 18.93 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 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, beating the consensus estimate of $0.91 by $0.01. ENI had a return on equity of 9.16% and a net margin of 2.85%. The business had revenue of $25.61 billion for the quarter, compared to analysts' expectations of $25.52 billion. On average, sell-side analysts predict that Eni SpA will post 3.74 earnings per share for the current fiscal year.

ENI Increases Dividend

The business also recently declared a -- dividend, which was paid on Monday, June 9th. Shareholders 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 (DPR) is currently 94.01%.

Hedge Funds Weigh In On ENI

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC grew its stake in shares of ENI by 100.0% during 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 in the last quarter. Brooklyn Investment Group acquired a new position in shares of ENI during the 1st quarter worth about $54,000. SVB Wealth LLC acquired a new position in shares of ENI during the 1st quarter worth about $78,000. GAMMA Investing LLC increased its holdings in shares of ENI by 76.8% in the 1st quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company's stock valued at $104,000 after acquiring an additional 1,467 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of ENI by 45.4% during the 1st quarter. Bessemer Group Inc. now owns 3,405 shares of the oil and gas exploration company's stock worth $106,000 after acquiring an additional 1,063 shares in the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

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.