Eni SpA (NYSE:E - Get Free Report) has earned a consensus rating of "Hold" from the ten brokerages that are covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $31.60.
Several equities research analysts recently weighed in on E shares. Redburn Atlantic downgraded shares of ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 23rd. Citigroup reissued a "neutral" rating on shares of ENI in a research report on Friday. Finally, Kepler Capital Markets downgraded shares of ENI from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th.
Get Our Latest Stock Analysis on ENI
ENI Stock Performance
Shares of E opened at $33.49 on Friday. 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 has a one year low of $24.65 and a one year high of $33.56. The company has a 50-day simple moving average of $31.00 and a two-hundred day simple moving average of $29.50. The firm has a market capitalization of $56.53 billion, a PE ratio of 20.05 and a beta of 0.90.
ENI (NYSE:E - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, topping 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 business had revenue of $25.61 billion during the quarter, compared to analyst estimates of $25.52 billion. On average, analysts anticipate that ENI will post 3.74 EPS for the current fiscal year.
ENI Increases Dividend
The company also recently announced a -- dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, May 20th were issued a $0.5391 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a yield of 5.5%. This is an increase from ENI's previous -- dividend of $0.35. ENI's dividend payout ratio is currently 94.01%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC raised its position in shares of ENI by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company's stock valued at $37,000 after buying an additional 601 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of ENI during the 1st quarter valued at about $54,000. SVB Wealth LLC purchased a new stake in shares of ENI during the 1st quarter valued at about $78,000. GAMMA Investing LLC raised its position in shares of ENI by 76.8% during the 1st quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company's stock valued at $104,000 after buying an additional 1,467 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of ENI by 45.4% during the 1st quarter. Bessemer Group Inc. now owns 3,405 shares of the oil and gas exploration company's stock valued at $106,000 after buying an additional 1,063 shares in the last quarter. Institutional investors own 1.18% of the company's stock.
About ENI
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Get Free ReportEni 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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