Eni SpA (NYSE:E) Given Average Rating of "Moderate Buy" by Analysts

Shares of Eni SpA (NYSE:E - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fourteen analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $42.30.

A number of equities analysts have commented on E shares. Zacks Research upgraded shares of ENI from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 31st. JPMorgan Chase & Co. upgraded shares of ENI from an "underweight" rating to an "overweight" rating in a research note on Monday, March 2nd. Rothschild & Co Redburn upgraded shares of ENI from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 9th. Weiss Ratings restated a "hold (c)" rating on shares of ENI in a research note on Monday, April 20th. Finally, Wall Street Zen lowered shares of ENI from a "buy" rating to a "hold" rating in a research note on Saturday, March 28th.

Institutional Investors Weigh In On ENI

A number of institutional investors have recently modified their holdings of the stock. Natixis Advisors LLC raised its stake in shares of ENI by 5.3% in the 4th quarter. Natixis Advisors LLC now owns 3,279,164 shares of the oil and gas exploration company's stock valued at $124,411,000 after purchasing an additional 165,454 shares in the last quarter. Morgan Stanley raised its stake in shares of ENI by 0.6% in the 4th quarter. Morgan Stanley now owns 3,019,566 shares of the oil and gas exploration company's stock valued at $114,562,000 after purchasing an additional 16,671 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of ENI by 2.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,353,911 shares of the oil and gas exploration company's stock valued at $51,367,000 after purchasing an additional 38,688 shares in the last quarter. American Century Companies Inc. raised its stake in shares of ENI by 33.2% in the 3rd quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company's stock valued at $22,259,000 after purchasing an additional 158,699 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of ENI by 8.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 589,265 shares of the oil and gas exploration company's stock valued at $22,357,000 after purchasing an additional 44,588 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company's stock.

ENI Stock Performance

Shares of E stock opened at $53.34 on Friday. ENI has a 12 month low of $28.78 and a 12 month high of $58.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 1.02. The firm has a market capitalization of $90.04 billion, a P/E ratio of 30.66, a P/E/G ratio of 0.22 and a beta of 0.41. The company's fifty day moving average price is $52.90 and its two-hundred day moving average price is $43.69.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.79 EPS for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. On average, research analysts anticipate that ENI will post 6.14 earnings per share for the current fiscal year.

ENI Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th will be paid a $0.6313 dividend. This is a boost from ENI's previous quarterly dividend of $0.61. The ex-dividend date is Tuesday, May 19th. This represents a $2.53 dividend on an annualized basis and a dividend yield of 4.7%. ENI's dividend payout ratio (DPR) is currently 95.40%.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm's activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.

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