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.
Read Our Latest Report on E
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
(
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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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