ENI (NYSE:E) Hits New 12-Month High - Time to Buy?

Eni SpA (NYSE:E - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $33.51 and last traded at $33.42, with a volume of 113439 shares changing hands. The stock had previously closed at $33.24.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on E shares. Redburn Atlantic downgraded ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 23rd. Kepler Capital Markets cut ENI from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, Citigroup reissued a "neutral" rating on shares of ENI in a report on Friday. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $31.60.

ENI Trading Up 0.1%

The company has a quick ratio of 1.00, a current ratio of 1.16 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $31.00 and a 200 day simple moving average of $29.48. The firm 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 posted its quarterly earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, beating analysts' consensus estimates 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. As a group, research analysts forecast that Eni SpA will post 3.74 EPS for the current year.

ENI Increases Dividend

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

Institutional Investors Weigh In On ENI

Large investors have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its stake in ENI by 7.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company's stock worth $201,000 after acquiring an additional 484 shares during the last quarter. Corient Private Wealth LLC increased its stake in ENI by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 49,250 shares of the oil and gas exploration company's stock worth $1,347,000 after acquiring an additional 488 shares during the last quarter. AQR Capital Management LLC increased its stake in ENI by 3.4% during the first quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company's stock worth $472,000 after acquiring an additional 495 shares during the last quarter. Gallacher Capital Management LLC increased its stake in ENI by 3.0% during the second quarter. Gallacher Capital Management LLC now owns 17,936 shares of the oil and gas exploration company's stock worth $581,000 after acquiring an additional 522 shares during the last quarter. Finally, Signaturefd LLC increased its stake in ENI by 2.1% during the fourth quarter. Signaturefd LLC now owns 26,189 shares of the oil and gas exploration company's stock worth $717,000 after acquiring an additional 532 shares during the last quarter. 1.18% of the stock is owned by institutional investors.

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.