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 $33.51 and last traded at $33.42, with a volume of 113439 shares trading hands. The stock had previously closed at $33.24.
Analyst Ratings Changes
A number of research analysts have recently issued reports on E shares. Citigroup reaffirmed a "neutral" rating on shares of ENI in a research note on Friday. Kepler Capital Markets cut ENI from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Finally, Redburn Atlantic cut 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $31.60.
Read Our Latest Analysis on E
ENI Stock Up 0.1%
The company has a debt-to-equity ratio of 0.35, a current ratio of 1.16 and a quick ratio of 1.00. The company has a 50 day moving average of $31.00 and a 200-day moving average of $29.48. The company has a market capitalization of $56.53 billion, a P/E ratio of 20.05 and a beta of 0.90.
ENI (NYSE:E - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $25.52 billion. As a group, equities analysts anticipate that Eni SpA will post 3.74 EPS 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 issued a $0.5391 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This is a positive change from ENI's previous -- dividend of $0.35. This represents a yield of 5.5%. ENI's dividend payout ratio (DPR) is 94.01%.
Institutional Trading of ENI
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Natixis Advisors LLC lifted its holdings in shares of ENI by 21.9% during the first quarter. Natixis Advisors LLC now owns 2,779,073 shares of the oil and gas exploration company's stock valued at $85,957,000 after purchasing an additional 500,039 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of ENI by 9.1% during the first quarter. Northern Trust Corp now owns 801,152 shares of the oil and gas exploration company's stock valued at $24,780,000 after purchasing an additional 66,784 shares during the last quarter. Brandes Investment Partners LP increased its position in shares of ENI by 13.1% during the fourth quarter. Brandes Investment Partners LP now owns 606,769 shares of the oil and gas exploration company's stock valued at $16,601,000 after acquiring an additional 70,507 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of ENI by 2.1% during the first quarter. Raymond James Financial Inc. now owns 531,030 shares of the oil and gas exploration company's stock valued at $16,425,000 after acquiring an additional 10,803 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of ENI by 9.8% during the first quarter. American Century Companies Inc. now owns 426,566 shares of the oil and gas exploration company's stock valued at $13,194,000 after acquiring an additional 37,988 shares in the last quarter. 1.18% of the stock is currently owned by hedge funds and other institutional investors.
About ENI
(
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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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