ENI (NYSE:E) Sets New 1-Year High - What's Next?

Shares of Eni SpA (NYSE:E - Get Free Report) reached 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. The stock had previously closed at $33.24.

Wall Street Analysts Forecast Growth

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

ENI Stock Up 0.8%

The business has a 50-day moving average of $30.71 and a 200 day moving average of $29.35. The company has a market capitalization of $56.55 billion, a PE ratio of 20.06 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.16 and a quick ratio of 1.00.

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

ENI Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in shares of ENI by 9.4% in the fourth quarter. Bank of New York Mellon Corp now owns 42,546 shares of the oil and gas exploration company's stock worth $1,164,000 after acquiring an additional 3,667 shares during the period. Jones Financial Companies Lllp increased its position in shares of ENI by 93.4% during the fourth quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company's stock worth $122,000 after purchasing an additional 2,149 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in ENI during the 4th quarter valued at about $14,233,000. Inspire Advisors LLC boosted its stake in ENI by 8.4% during the fourth quarter. Inspire Advisors LLC now owns 19,281 shares of the oil and gas exploration company's stock worth $528,000 after buying an additional 1,498 shares during the last quarter. Finally, Brandes Investment Partners LP grew its holdings in ENI by 13.1% in the 4th 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 buying an additional 70,507 shares in the last quarter. 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.

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