ENI (NYSE:E) Trading Down 5.2% - Here's What Happened

Eni SpA (NYSE:E - Get Free Report) shares traded down 5.2% during mid-day trading on Thursday . The company traded as low as $32.77 and last traded at $31.62. 307,700 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 292,248 shares. The stock had previously closed at $33.35.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Kepler Capital Markets downgraded 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 report on Wednesday, April 23rd. Finally, Citigroup restated a "neutral" rating on shares of ENI in a report on Friday, April 25th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $31.60.

ENI Stock Performance

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's fifty day moving average price is $30.55 and its 200 day moving average price is $29.26. The company has a market cap of $53.37 billion, a PE ratio of 18.93 and a beta of 0.90.

ENI (NYSE:E - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, beating 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 firm had revenue of $25.61 billion during the quarter, compared to analyst estimates of $25.52 billion. On average, 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. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a yield of 5.5%. This is a boost from ENI's previous -- dividend of $0.35. ENI's payout ratio is currently 93.41%.

Institutional Investors Weigh In On ENI

Large investors have recently made changes to their positions in the business. Invesco Ltd. raised its holdings in shares of ENI by 13.1% in the 4th quarter. Invesco Ltd. now owns 33,464 shares of the oil and gas exploration company's stock worth $916,000 after purchasing an additional 3,877 shares during the period. Millennium Management LLC raised its stake in shares of ENI by 215.8% in the fourth quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company's stock valued at $8,952,000 after buying an additional 223,597 shares during the period. Optiver Holding B.V. lifted its position in shares of ENI by 1,885.2% during the 4th quarter. Optiver Holding B.V. now owns 273,042 shares of the oil and gas exploration company's stock valued at $7,470,000 after buying an additional 259,288 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of ENI by 5,369.9% during the 1st quarter. GAMMA Investing LLC now owns 104,420 shares of the oil and gas exploration company's stock worth $3,376,000 after acquiring an additional 102,511 shares during the period. Finally, Brandes Investment Partners LP increased 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 worth $16,601,000 after acquiring an additional 70,507 shares during the last quarter. 1.18% of the stock is 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.