Analysts Set Eni S.p.A. (NYSE:E) PT at $31.60

Eni S.p.A. (NYSE:E - Get Free Report) has received a consensus rating of "Hold" from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $31.60.

Several equities research analysts have commented on E shares. Redburn Atlantic lowered shares of ENI from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 23rd. Citigroup reiterated a "neutral" rating on shares of ENI in a research report on Friday, April 25th. Kepler Capital Markets cut shares of ENI from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Finally, Wall Street Zen lowered shares of ENI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

Hedge Funds Weigh In On ENI

Several institutional investors and hedge funds have recently made changes to their positions in E. AQR Capital Management LLC lifted its holdings in shares of ENI by 3.4% during the first quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company's stock worth $472,000 after buying an additional 495 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of ENI by 4.1% in the 1st quarter. Advisors Asset Management Inc. now owns 65,502 shares of the oil and gas exploration company's stock valued at $2,026,000 after buying an additional 2,586 shares during the period. Royal Bank of Canada raised its holdings in ENI by 2.1% during the first quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company's stock worth $2,141,000 after buying an additional 1,420 shares during the last quarter. Vident Advisory LLC boosted its holdings in ENI by 28.1% during the 1st quarter. Vident Advisory LLC now owns 35,230 shares of the oil and gas exploration company's stock worth $1,090,000 after acquiring an additional 7,734 shares during the last quarter. Finally, Harvest Portfolios Group Inc. increased its stake in shares of ENI by 11.4% in the first quarter. Harvest Portfolios Group Inc. now owns 64,284 shares of the oil and gas exploration company's stock worth $1,988,000 after purchasing an additional 6,572 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company's stock.

ENI Stock Down 0.8%

E traded down $0.24 during trading hours on Friday, reaching $29.37. 120,558 shares of the stock traded hands, compared to its average volume of 320,627. ENI has a fifty-two week low of $24.65 and a fifty-two week high of $33.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The company has a market cap of $49.58 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.86 and a beta of 0.88. The firm's fifty day simple moving average is $28.86 and its two-hundred day simple moving average is $28.66.

ENI (NYSE:E - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.01. The firm had revenue of $25.61 billion during the quarter, compared to analyst estimates of $25.52 billion. ENI had a return on equity of 11.03% and a net margin of 2.76%. As a group, analysts forecast that ENI will post 3.74 earnings per share for the current fiscal year.

ENI Increases Dividend

The firm also recently disclosed a -- dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 20th will be issued a $0.5391 dividend. This is a positive change from ENI's previous -- dividend of $0.35. This represents a yield of 5.5%. The ex-dividend date is Tuesday, May 20th. ENI's dividend payout ratio is currently 89.82%.

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.