ENI (NYSE:E) Stock Price Down 5.2% - What's Next?

Eni SpA (NYSE:E - Get Free Report)'s stock price 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

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

ENI Price Performance

The business has a fifty day moving average of $30.44 and a 200-day moving average of $29.18. The company has a current ratio of 1.16, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35. The firm 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 issued its quarterly earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share (EPS) 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 the consensus estimate of $25.52 billion. ENI had a return on equity of 9.16% and a net margin of 2.85%. As a group, research analysts predict that Eni SpA will post 3.74 earnings per share for the current year.

ENI Increases Dividend

The business also recently disclosed a -- dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.5391 per share. The ex-dividend date was Tuesday, May 20th. This represents a dividend yield of 5.5%. This is a boost from ENI's previous -- dividend of $0.35. ENI's dividend payout ratio (DPR) is 93.41%.

Hedge Funds Weigh In On ENI

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Natixis Advisors LLC raised its stake 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 acquiring an additional 500,039 shares during the last quarter. Northern Trust Corp raised its position in ENI by 9.1% during the 1st 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 lifted 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 buying an additional 70,507 shares during the period. Raymond James Financial Inc. increased its stake 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 buying an additional 10,803 shares during the period. Finally, American Century Companies Inc. raised its holdings 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

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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